morningtomyum

morningtomyum

AUDSGD has staged an incredible recovery since March, and is now facing strong resistance at the psychological 1.00 mark. If you were long since the late 0.80s or early 0.90s as I am, now might be a great spot to take profits. From the looks of it, it might possibly consolidate over the next few months (which it does seem like it is forming a cup and handle...

morningtomyum

Probably one of the best risk to reward trades going into 2021. Singapore's dollar is approaching the upper boundary of its trading band as speculation mounts that the central bank will boost the exchange rate for a second time this year to combat inflation. Expect some volatility soon.

morningtomyum

I'm expecting some bearish movement in the next few weeks. The DXY and other USD pairs are consistently oversold, but I'm also not discounting some election news BS to poke weak hands and cause some volatility before this happens.