Friday, May 27, 2016

SGD/MYR and SGD/CNY technical analysis


Back then in Feb, based on the technical analysis I did, I told a friend about the level that SGD/MYR and SGD/CNY would go to. Now SGD/CNY has gone up to around 4.84 and drop to around to around 4.75 while SGD/MYR has drop to around 2.84 and back up to 2.96. This is the wonder of technical analysis that school does not teach. No matter how much hard work you put in work also can't find this kind of satisfaction feeling after your analysis is right.

For SGD/MYR, though the monthly TF is showing uptrend could resume, other TF is hinting that downtrend continues. If so, I see my target could be reach eventually.


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