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Category Archives: Technical analysis

Chart reading

Is SGDMYR telling us something?

SGDMYR - short term forex chart
Any idea from the SGDMYR short term forex chart?
No idea?
How about SGDMYR long term forex chart?
SGDMYR - long term forex chart
1930’s The Great Depression food queue Photo by The Market Oracle

Zimbabwe currency 2008 Photo by Ivar Hagendoorn

All right, from the charts above, SGDMYR currency traders are […]

Popularity: 57% [?]

Chart of US Dollar Index and average US home price

Chart of US Dollar Index as of 19/5/08
If US Dollar Index cannot hold 72, the next target is 72 - (76 - 72) = 68. Can this happen? I believe the probability is high from technical and fundamental point of view. Technically US Dollar Index is still in down trend unless it […]

Popularity: 34% [?]

Oil price chart - one way up?

Price never move in one direction. Need to wait for oil price to pullback to 115 or 105 before considering AMEX: USO - oil ETF again.
Oil price chart as of 16/5/08.
Cartoon making fun of owners of gas guzzler courtesy of Jim Sinclair’s MineSet

It may seem cruel to rub salt on ‘wound’ of owners of […]

Popularity: 32% [?]