This August 2020 , we are expecting FX_IDC:SGDIDR to tumble at 10,919.605 area.
For the past two months the prices are compressed tightly. Hopefully before the 17th August Independence Day, IDR will emerge stronger than SGD.
Here is my Trade Opinion :
Sell Limit at 10,919.600
Stop Loss at 11,073.700
Take Profit at 10,072.100
This will give you Risk Reward...
View On SGD/IDR (4 Jan 2020).
Since SGD is considered a pegged currency. It moved in a tight range manner.
Thus, it is hard to trade this pair overall.
We are seeing some Bullish attempt failure in the recent day and it can bring more Bearish movement.
It can test 10283, 10229 regions soon.
DYODD, all the best and read the disclaimer too.
Feel Free to...
SGDIDR is below it's psychological level of 200 days moving average (MA200). This show that the sell pressure is still intact, and we expect a downtrend move for SGDIDR. As long price still lower than 10440 (MA200) and below 10285 as a neckline of Head & Shoulder pattern, there is a downside risk to hold SGDIDR with downside target at 9765 and 10075 as its minor...
I posted this chart for a friend who is based in Indonesia sometime in July this year. His income was paid by the Employer partially in SGD and partially in IDR (indonesia rupiah). Thus, he is concerned about the forex movement. Out of interest, I did this for him.
This monthly chart taught me a few important lessons -
1. By trading a longer time frame - using...
NICE!!!! Today, it breaks the 10,000 mark, hitting out TP3 very soon. Indonesia , one of the emerging Asian market with a huge population of middle income earners will drive the domestic market to higher growth.
KEUNTUNGAN MANAJEMEN INVESTASI RUPIAH DALAM REKENING YANG SAMA TERHADAP MATA UANG ASING BERKISAR 10 – 15 % DALAM SETAHUN (MULTI-CURRENCY ACCOUNT)
Tiga dari perbankan Singapura di Indonesia yang menjadi member dari CLS Bank yaitu UOB, DBS, OCBC serta bank-bank Amerika dan Eropa yang menjadi member dari CLS Bank seperti BOA, Deutsche Bank, HSBC, Rabo, StandChart...
