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Category Archives: Currency

SGD and MYR - future directions

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 […]

Popularity: 64% [?]

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: 24% [?]