SGDMYR in the coming week it reach a sensitive price range 3.2166, in the coming week's Weekly Candlesticks if it Break and Close below 3.2166, 3.2000 will be broken.
Looking at the current chart of SGD vs. MYR .
A pullback on MYR easing after POST-ELECTION in Malaysia. In conjunction of US POST-ELECTION event too.
At the moment, we are heading to the closure of year 2022. Sighting that much of slow down on US Dollar just a bit.
Just to ensure the rest of the world could enjoy that 3% banking interest or dividend.
Back to SGD...
Looking at the current chart of SGD vs. MYR.
A pullback on MYR easing after POST-ELECTION in Malaysia. In conjunction of US POST-ELECTION event too.
At the moment, we are heading to the closure of year 2022. Sighting that much of slow down on US Dollar just a bit.
Just to ensure the rest of the world could enjoy that 3% banking interest or dividend.
Back to SGD...
Was in a conversation and the SGDMYR exchange rate came up. Since 2016, Ihad thought that the SGDMYR would hit 3.50 as a target, a very painful target for many. Well, I was not right as it only breached 3.20 then and nicely consolidated.
The 3.50 target is still in play, and now present to you technically how it is projected to be...
Over the years since 2016, a...
On 20 Apr 2022, SGDMYR shot up to 3.1466. To most Singaporeans who have commitments in Malaysia or Malaysian who are earning SGD, is a no brainer to change their SGD to MYR.
But that night at 10.25pm, right after my Live Session, I've told a group of entrepreneurs NOT to change their SGD to MYR just yet.
If you could wait for a few days. On Fri, 22Apr2022 market...
If you reside in Malaysia or you have commitments in Malaysia, it is a great opportunity to prepare at least 3months' worth of Malaysia Ringgit for your expenses.
3.11 is a great rate if money allows, if not, and if the spread is reasonable, you might be able to benefit it from trading.
On 29Jul21, Malaysia Ringgit has retested the previous low at 3.1348, which means 1SGD exchange for 3.1348MYR.
If you are earning SGD and spending MYR, it is a good time to consider changing most of your expenses for the next few months to MYR because it is at its recent historical low.
There is a high possibility that SGD may weaken against MYR or MYR may...
Did the chart just signal the change in Malaysia government before it even happened?
Just for fun :)
Perhaps we can use the chart to forecast the next election result in Singapore too!
Deciding moment for this pair now,
Shall it hold at this level, it will rebound up back to above 3.1xx level
Shall it break, it will fall back to below 2.9xx level
It is expected that the Singapore general election should be held within this year, coincide with the 50th anniversary and the death of the former Prime Minister Lee Kuan Yew recently.
On one hand, in order to get sympathy votes from people and also a weakening economy globally. It won't help the ruling party if the election were to be held in a period of...
