Archive for the ‘Technical analysis’ Category.
Conclusion : We need second failure to breach 1250 and failure to hold 1050 for $SPX before we can confirm the next move is a more than a 10% correction/adjustment.
$SPX upslope is weaker, but it is still in cyclical uptrend.
Pros are getting more bearish but it is not enough to predict a major downturn like March 2008
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.
If price of DBA can break 27 and 29, then expensive food is back! If there is no pickup in economy, another sign of coming hyperinflation?
For other charts, refer to encikwan.com Chart Book
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