Good day all, The past week I was busy with forex and gold charts. Made a few good trades, and decided to cash out before the week was over. I have been looking through equity charts, and was finding for any clear bearish signals. From what I am seeing, I have not seen clear-cut, short-term [...]
Good day all, The recent sell-offs in equity is driving money to the safety of US Dollars. I managed to catch some profits on the back of US dollar strength. Now, this post is concerning the USD/SGD pair. In my last post on it, I identified a small parallel channel towards the downside. This channel [...]
Evening all, Gold finally broke the $1,600 level – and a convincing one even. Price went down to as low as $1,550 but it retraced back up to the $1,590 region. $1,600 was very strong support for me. So, my short-term view on gold is for more sell rallies. $1,550 becomes the next support level [...]
Hello everyone, Not only did equities tumble down, the EUR/USD pair fell more than 200 pips, and Gold is getting lower and lower. In my last post on currencies, I identified a crucial support of 1.3000 for EURUSD. A day later, EURUSD broke through convincingly, and right now it is trading at the 1.27 region. People [...]
Evening traders/investors, Recent selling pressure has been scaring the markets these couple of days. I have been quite bullish on equities for some time already, and I do not wish to drop my stance unless the chart tells me so. To start off, take a look at the video below. As most of those who regularly come [...]
Good day all, In my last few posts on EURUSD, I highlighted some chart patterns. The latest were two head and shoulders patterns (one was an inverted one). The EUR/USD currency pair decided it was not going to surge up or down; instead, EURUSD continued trading in a range of 1.30 and 1.33. Of course, [...]
Hello all, Today, I am reviewing some of the counters I posted about in the last couple of months. First up, Lian Bneg – L03.SI. I was on the bullish side for Lian Beng, and Lian Beng did not disappoint. L03.SI broke out from the then potential bull flag and made a recent high at [...]
Posted in Singapore market
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Tagged BS6.SI, bull flag, C52.SI, ComfortDelGro, double top, inverted head and shoulders, Jaya, Jaya holdings, L03.SI, Lian Beng, symmetrical triangle, Yangzijiang
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Afternoon traders, Following the MAS’s latest unchanged policy towards our Singdollar, some talk emerged on the direction of the Singdollar. In my past posts on USDSGD, I issued the bearish call owing to a downward breakout from a symmetrical triangle. USDSGD then consolidated in a channel fashion (red channel below). 1.2700 acted as strong resistance [...]
Evening traders/investors, I have a chart of SIA, C6L.SI, for today. After recovering well from the 2008/2009 crash, SIA rounded at the $14.00 region and has been trending downwards. Using fibonacci retracements studies – taking the high at $14.80 and the low at $8.00 – I am seeing the important levels working as should be. [...]
April 18, 2012 – 10:50 PM
Hello everyone, Today I want to share a link with you all. Click the url below, and take some time to read through the article. http://etfhq.com/blog/2010/02/17/top-technical-analysts/ Have you ever wondered why you are still looking around for material to improve your technical analysis skills? Have you ever wondered why people still search for the “profitable [...]
