*We booked a profit of 27 Pips. Even though the spread is from from closing we decided to take the profit and move back into cash. Of course if this spread narrows we will be leaving a lot on the table but we are happy with the gain from a low level risk trade.
We will be initiating 1/2 our position in a correlation trade of USD/SGD to USD/JPY. The spread is...
We have a new participant of the global wave of monetary easing policy after Japan, Europe, & other ASEAN nation.
Keep your shorts on SGD opened at least from now until June - September 2015 :)
1.4 USDSGD is the near term target.
www.bloomberg.com
www.bloomberg.com
The Singapore Straits Times Index (STI) Daily Diagram Technical Analysis Training shows the following:
The STI index has made a long development from January 2014 above the KUMO cloud. Now the Index is above the KUMO above the Tenkan Sen (light green) and Kijun Sen(blue line) too. The weekly and monthly diagram are bullish.
So the first think in mind is the...
Singapore has finished its wave IV of Grand Super Cycle and is on its way up for wave V. The first wave 1 is almost finished and the second wave 2 will be brief and a fast upmove for a multi-year period of time.
elliottwavemarkets.com
