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Thursday 21 July 2016

USDSGD Technical Analysis: 21 July 2016, Thursday, 12.35am Singapore Time

USDSGD Technical Analysis: 
21 July 2016, Thursday, 12.35am Singapore Time

Attached above is the USDSGD foreign exchange market; chart up means Singapore Dollar goes down against the greenback benchmark.
It is ripe for Singapore Dollar to do another round of devaluation soon.
This will help spur Singapore stocks go up in 2H-2016 and 2017 in accordance to the tide. 


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2 comments:

  1. WenJie21 July 2016 at 11:09

    Hi Sir, does it means that SGD will go down more against USD in near term?

    ReplyDelete
    Replies
    1. Donovan Norfolk Ang21 July 2016 at 12:25

      The probability of that looks high for the near term.

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