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Wednesday, 31 July 2019
Super Cycle of SGDMYR: 31 July 2019, Wednesday
Super Cycle of SGDMYR:
31 July 2019, Wednesday (Click on the Technical Chart Above to Expand)
Attached is the SuperCycle Technicals for SGDMYR, i.e. the Singapore Dollar priced in Malaysia Ringgit. Upmove in SGDMYR chart means Singapore Dollar going up against Malaysia Ringgit, or alternatively it also means Malaysian Ringgit going down against Singapore Dollar. Observe the red circles, orange circles and yellow circles to know why this is a high quality technicals as charted. The Malaysian Ringgit is on its way towards the collision region soon, as illustrated on chart. Since the technical chart is mathematically logarithmic in scale, the red lined region representing Turmoil Level could be far above SGDMYR of 5.00, and easily more than SGDMYR of 6.00.
Donovan Norfolk Technical Rating for SGDMYR: Extremely Bullish for SGD with respect to MYR Extremely Bearish for MYR with respect to SGD
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