In the last decade, top for US Dollar Index is 120. However in the last few years, US Dollar Index fails to break 90 in 2005, 2009 and 2010. See US Dollar Index chart below.
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 1996-2010
SGD MYR 2004-2010
Then how about SGDMYR? In the short term, SGDMYR […]
Based on USDSGD long term chart, USDSGD may reach 1.60. However from short term USDSGD chart, the price target of 1.60 is difficult due to ascending wedge pattern. From chart of USDSGD vs STI, USDSGD has inverse relationship with STI due to export-dependent Singapore economy. If you are bearish on Singapore […]
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 […]
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 […]
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