We are now back to the 1st Quarter of 2019 where USD is at the level of SGD 1.345 to USD 1.
That to us, is a plus especially for those who purchase things from Amazon, paying for services bill in USD or even saving for the US university fees for children.
The lower the price falls, the cheaper to us, Singaporeans or those who stay in SG for that matters get to exchange for US dollars. Basically, we need lesser Sing dollar to exchange for US dollar. Or you can say US dollar has weakened against Sing Dollar.
And there are those who are keen to acquire properties in USA, so the SGD strength will also help to provide some savings in exchange rates as well. The benefits are aplenty.
The last 2 candles are quite strong , a sign of bullishness and possible trend reversal at the support of 1.345 based on historical price patterns.
So, take advantage of it and plan your purchases in advance before it breaks up.
That to us, is a plus especially for those who purchase things from Amazon, paying for services bill in USD or even saving for the US university fees for children.
The lower the price falls, the cheaper to us, Singaporeans or those who stay in SG for that matters get to exchange for US dollars. Basically, we need lesser Sing dollar to exchange for US dollar. Or you can say US dollar has weakened against Sing Dollar.
And there are those who are keen to acquire properties in USA, so the SGD strength will also help to provide some savings in exchange rates as well. The benefits are aplenty.
The last 2 candles are quite strong , a sign of bullishness and possible trend reversal at the support of 1.345 based on historical price patterns.
So, take advantage of it and plan your purchases in advance before it breaks up.
Note
A bearish candle closed on 10 Jan which means the bears are taking over at the resistance level at 1.35132. Wait for price to break out of this level or retest the 1.345 level support again. From trend line rules, it is still within the bearish channel, so no action takenNote
we are taking a small position now to long this pairNote
Congrats to those who followed. Now it has broken out of the bearish trend line. For those who wants to long , wait for the pullback firstNote
Now it is reaching resistance, please take some profits and let the remaining runNote
one of the best pair thus far we have participated .Praise the Lord for his blessing.Note
Praise Lord, those who still long, remember to take partial profits, adjust your SLNote
We have made more than 1000 pips profits on this pair, congrats to those who participated in it.Note
Added LongDisclaimer
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.