Monday, January 2, 2017

SGD/MYR technical analysis - Jan 2017

There was a rising wedge and an inverse HS in play. It had broken up the downtrend channel too. Now it is obvious the bull win and the inverse HS prevail. The price broke the neckline of the of inverse HS and now back-testing it. It seems to hold well. The measured move is around 3.25 - 3.28.

No comments:

Post a Comment