Technical analysis:
1. price is approaching the year low level of 4.8627, buyers might get in at this level
2. Divergence between RSI and price is the indication that rebound will happen soon. We just don't know when.
Fundamental analysis:
1. Singapore is a small country. I lived there for 8 years and almost everything needs to be imported. So the government manages exchange rates to hedge the inflation risk. So SGD can't be too cheap.
2. The covid-19 got well contained in SG. Today is the 10th consecutive day of no local cases. As the economy started to go back to normal, it will strengthen SGD.
1. price is approaching the year low level of 4.8627, buyers might get in at this level
2. Divergence between RSI and price is the indication that rebound will happen soon. We just don't know when.
Fundamental analysis:
1. Singapore is a small country. I lived there for 8 years and almost everything needs to be imported. So the government manages exchange rates to hedge the inflation risk. So SGD can't be too cheap.
2. The covid-19 got well contained in SG. Today is the 10th consecutive day of no local cases. As the economy started to go back to normal, it will strengthen SGD.
plan your trade and trade your plan
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.
plan your trade and trade your plan
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.