SGDIDR is heading South soon. This August 2020 , we are expecting FX_IDC:SGDIDR to tumble at 10,919.605 area.
For the past two months the prices are compressed tightly. Hopefully before the 17th August Independence Day, IDR will emerge stronger than SGD.
Here is my Trade Opinion :
Sell Limit at 10,919.600
Stop Loss at 11,073.700
Take Profit at 10,072.100
This will give you Risk Reward Ratio of 5.8R
Disclaimer :
Follow the trade call with your own risk appetite, I am not responsible to your losses.
When your trade is on the profit zone, move your Stop Loss at Entry Level.
SGDIDR trade ideas
SGD/IDR (Bears to claw back in?)View On SGD/IDR (4 Jan 2020).
Since SGD is considered a pegged currency. It moved in a tight range manner.
Thus, it is hard to trade this pair overall.
We are seeing some Bullish attempt failure in the recent day and it can bring more Bearish movement.
It can test 10283, 10229 regions soon.
DYODD, all the best and read the disclaimer too.
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Thank You!
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DISCLAIMER:
Any opinions, news, research, analyses, prices or other information discussed in this presentation or linked to from this presentation are provided as general market commentary and do not constitute investment advice.
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Rupiah: Below 10k for Singaporean Dollar? SGDIDR is below it's psychological level of 200 days moving average (MA200). This show that the sell pressure is still intact, and we expect a downtrend move for SGDIDR. As long price still lower than 10440 (MA200) and below 10285 as a neckline of Head & Shoulder pattern, there is a downside risk to hold SGDIDR with downside target at 9765 and 10075 as its minor target price.
If Indonesian would go for holiday to SG, they can wait for a lower SGD few months ahead. As long it stay below 10285 - 10440.
#GaleriSaham | Global Market
Breaking the 10,000 limit soon - SGDIDRI posted this chart for a friend who is based in Indonesia sometime in July this year. His income was paid by the Employer partially in SGD and partially in IDR (indonesia rupiah). Thus, he is concerned about the forex movement. Out of interest, I did this for him.
This monthly chart taught me a few important lessons -
1. By trading a longer time frame - using day, week or even monthly charts, one is less tempted to adjusted one's stop loss or take profits too quickly. This also means less frequent in and out of the market which causes unnecessary emotional roller-coaster. Of course, this would not goes well for those who excel in shorter time frame like 1 hour or 15 mins chart and enjoy the adrenaline rush of quick profits. I had tried that but realised my temperament is more suitable for slightly longer time frame. Know thyself - Socrates
2. The chart clearly shows a flag pattern formation and it is extremely bullish. It hit a peak of 10,400 in 2015 before retracing to 9233 in 2016. Jan 2017 bullish engulfing candle was a good buy entry and it also rebounds from the lower channel. If one needs more confirmation, one can wait for buy entry in June 2017 where price closed above 21EMA. Notice it breaks out of the upper channel and move nicely towards my profit target 1 and target 2. Current lower time frame indicates profit taking and pull backs , so wait patiently before entering the market. I expect it to hit profit target 3 by end of this year.
INVESTASI RUPIAH TERHADAP SGD DAN USD SEKITAR 15 %/TAHUNKEUNTUNGAN MANAJEMEN INVESTASI RUPIAH DALAM REKENING YANG SAMA TERHADAP MATA UANG ASING BERKISAR 10 – 15 % DALAM SETAHUN (MULTI-CURRENCY ACCOUNT)
Tiga dari perbankan Singapura di Indonesia yang menjadi member dari CLS Bank yaitu UOB, DBS, OCBC serta bank-bank Amerika dan Eropa yang menjadi member dari CLS Bank seperti BOA, Deutsche Bank, HSBC, Rabo, StandChart dan lainnya menawarkan “multi-currecncy account” atau rekening bank yang dapat dipergunakan untuk menyimpan mata uang Rupiah dan mata uang lainnya seperti USD, EUR, JPY, CHF, GBP, CAD, AUD, NZD dan SGD dan mempergunakan rekening yang sama untuk melakukan tukar menukar Rupiah terhadap mata uang tersebut di dalam rekening yang sama. Rekening dimaksud memberikan peluang bagi pemlik Rupiah untuk menukarkan ke USD, SGD dan lainnya pada saat posisi Rupiah melemah dan menukarkan kembali dari mata uang-mata uang tersebut kembali ke dalam mata uang Rupiah pada saat Rupiah menguat.
Investasi dimaksud dapat dikelola dengan mempergunakan batas nilai tukar mengambang terendah dan tertinggi yang ditetapkan oleh Bank Indonesia dan Departemen Keuangan atau yang disebut dengan medium term exchange rate target zone.
Pada saat Rupiah sedang menguat dan akan melemah di batas ambang terendah maka Rupiah ditukarkan kepada mata uang asing, misalnya pada posisi SGD/IDR di Rp. 9,250 sebagai batas ambang terendah maka penukaran Rp. 100,000,000 akan memperoleh sebesar SGD$ 10,810.81 di rekening yang sama dan jika SGD/IDR mencapai Rp. 9,950 maka SGD$ 10,810.81 ditukarkan kembali ke mata uang Rupiah akan memperoleh Rp. 107,567,568 atau keuntungan atas appresiasi Dollar Singapura sekitar Rp. 7,567,568 atau 7.57 %.
Jika pada saat SGD/IDR di Rp. 9,950 dan ditukarkan kepada Rupiah yang menjadi Rp. 107,567,568 sementara pada saat yang sama USD/IDR berada pada batas nilai tukar mengambang terendah dan USD akan menguat maka ke Rp. 107,567,568 tersebut ditukarkan kembali terhadap USD, misalnya posisi USD/IDR sekitar Rp. 12,950 akan diperoleh sebesar USD $ 8,306.38 dan selanjutnya Rupiah melemah dan mencapai USD/IDR 13,750 dan USD$ 8,306.38 ditukarkan kembali ke Rupiah menjadi Rp. 114,212,668 sehingga keuntungan mencapai Rp. 14,212,668 atau sekitar 14.21 %. Seluruh pelaksanaan transaksi ini dilakukan di rekening yang sama tampa memerlukan pemidahan pembukuan rekening. Kedua siklus diatas terjadi dalam setahun dan ketentuan batas ambang terendah dan tertinggi dari Bank Indonesia dan Departemen Keuangan bisa dipergunakan sebagai dasar melakukan transaksi. Keuntungan tersebut tentu tidak sebesar diatas karena bank akan memberikan kurs terendah pada saat menjual dan kurs tertinggi pada saat membeli pada hari transaksi dilakukan dan transaksi hanya terjadi 2x dalam setahun.
Coba dibahas dengan HSBC, UOB, OCBC, Deutsche Bank dan bank-bank besar lainnya karena seluruh bank-bank tersebut memiliki fasilitas ini sebagai wadah untuk melakukan investasi di dalam rekening sendiri dan dalam satu rekening sebagai opsi investasi. Jika Bank Indonesia dan Departemen Keuangan tidak bisa memberikan batas ambang terbawah dan terendah mungkin solusinya meminta analisa dari BNY Mellon.