SGDMYR Short: Completed 3-waves correction upThere are a handful of macroeconomic reasons for Singapore dollar to weaken against the Malaysian Ringgit, but I'll point out only the First EW counts here. As you can see, I've drawn the wave down in 5 waves and the wave up in 3 waves. That is the wave A and wave B respectively. And so I will be ex
Ready to travel for the March holidays ?In today's inflationary environment, every cent counts and people are getting smarter and wiser when comes to traveling. I have heard of parents who plan their travels years ahead to enjoy the cheaper air fare, hotel fares and even exchanging the currencies along the way.
A quick look on some of th
MY Ringgit is in trouble… 3.45 to the SGD soon, 2023, the SGD/MYR rate should be looking about 3.45; and if this is so, then from end Oct (4Q2023) is possible for the rate to be 3.7ish.
I do not know the economic fundamentals enough to comment, but the technicals are already pointing to that projection.
Long ago, I heads up friends about the S
Who will be HAPPY with this exchange rate ?Now, if you are staying in SG, sometimes when you head to the mall , you see long queues at the Money changer, then it is likely when the SGDMYR exchange rate is good. Malaysians who have vested interest back home will enjoy converting their SGD to a better Ringgit when they go home.
Of course, th
2022-12-04: SGD VS MYR 1D (SEEING ANOTHER COMEBACK NEAR @ 3.40)Looking at the current chart of SGD vs. MYR .
A pullback on MYR easing after POST-ELECTION in Malaysia. In conjunction of US POST-ELECTION event too.
At the moment, we are heading to the closure of year 2022. Sighting that much of slow down on US Dollar just a bit.
Just to ensure the rest of the wo
2022-12-03: SGD VS MYR (SEEING ANOTHER COMEBACK NEAR @ 3.40)Looking at the current chart of SGD vs. MYR.
A pullback on MYR easing after POST-ELECTION in Malaysia. In conjunction of US POST-ELECTION event too.
At the moment, we are heading to the closure of year 2022. Sighting that much of slow down on US Dollar just a bit.
Just to ensure the rest of the wo
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Summarizing what the indicators are suggesting.
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Displays a symbol's price movements over previous years to identify recurring trends.