SGDMYR 3.5 targetWas in a conversation and the SGDMYR exchange rate came up. Since 2016, Ihad thought that the SGDMYR would hit 3.50 as a target, a very painful target for many. Well, I was not right as it only breached 3.20 then and nicely consolidated.
The 3.50 target is still in play, and now present to you technically how it is projected to be...
Over the years since 2016, a multiyear triangle had been forming and 2021 seems to have broken out, retested and in 2022 April, launched upwards with the strong SGD.
The strong SGD, and even stronger USD is going to propel the exchange rate to the 3.50 target ( Current projections point to 3.45)... target projected to hit by end of 2022.
Technically, the Bollinger Bands are now expanding and the rate is pushing or leading the upper band. It has also been bouncing off the Monthly 55EMA. So, trend is going up for the next year or so.
Heads up, it is more pain to come really. And we all thought 2020-2021 were bad...
Take care folks.
Malaysianfx
They're not printing the coins.The Ripple journey is amazing.
The price from cents to dollar and back to cents again.
The pattern is almost the same with BTC, but not really exactly the same.
My point of view, the ripple are not printing back their coin again. They already released the sum amount and that it. No more. And the price will gradually increase in years. Rather than banks.. any country banks.. they are keep on printing the money, they don't stop and never stop. And the money price will keep on descending in years. In late 90's the saving interest is high.. and today the interest is very low..
Back to chart, I believe that the price will test back the resistance in this few weeks ahead. And If that happen, it will seek another support to retest back before heading to the next move.
Is this continue to breaking down?Market watch :
Still under market review..
Is this the darkest before dawn? Time is running out before both sides can agree to extend the transition period beyond year-end.
Pound/dollar has dropped below the 50 Simple Moving Average on the four-hour chart yet momentum remains to the upside, the currency pair trades below the 100 and 200 SMAs and the Relative Strength Index is balanced.
Let's get this bulls.Since that Topglov is getting a hot instrument and getting high demand due to this great pandemic covid19, the productions of latex glove getting more and more.
The main shares already spiked up to Rm11 in just few weeks.
This warrant can go expected up to Rm 2.5 - Rm 3.00 . But stay extra careful with any reversal can be happen in few days ahead.
The new Bull Runs ?Market Watch :
Hello Malaysian traders, hoping that everybody in good health.
These company has a large of liquidity and a large cash flow. Since that the global chain market has been worsen due to pandemic.. the crude palm oil price also get infected. Since that the demand of crude oil is still there, these company still can survive.
The case almost similar with USOIL market, but these is a bit different.
For the moment now, I just keep on my eyes on this market price. If there signals, Long positions will be in positions.
Thanks.