USD, SGD & MYR analysis
USD SGD 1980-2010
From the chart of USDSGD between 1980 and 2010, it is unknown the next long-term bottom of USDSGD.
USD MYR 1996-2010
However if SGD is to follow MYR against USD, then USDSGD will lose another 20% ((3.15-2.5)/3.15) to 1.12 (no parity yet)
SGD MYR 2004-2010
Then how about SGDMYR? In the short term, SGDMYR trend is bearish as it breaches strong support 2.325 in such a short period. For longer period, the trend of SGDMYR is uncertain. It could reach 2.1 for SGDMYR bears or 2.8 (2.45 + (2.45 - 2.1)) for SGDMYR bulls. For SGDMYR bulls to gain more confidence, SGDMYR must reclaim 2.325 within 2010.
Me !
