28 May 2013

USD/SGD : Breakout

  • Had sworn not to do spot/cash FX anymore. Chart posting just an observation only. No intention of breaking promise.
  • Weekly : Firstly, break above 1.2500 was significant. Then, last week's close above chart resistance line at 1.2626 is a very bullish breakout. 
  • It is almost a given that the long USD/SGD trade will work. Because I do not intend to put on anything in it. Sad, but that's the way it seems to turn out always.

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