Google
 
Web thoughts-denzuko1.blogspot.com

My Charting Blog

It is interesting that I start off this Blog when the Singapore Stock Market is heading south. However, this makes it more interesting for me to write on as the market turned volatile. My interest is Technical Analysis, TA for short. I love to look at charts and predicting where they are heading. This blog is or me to record my thoughts on the market. The articles on this blog are based solely on my personal opinion on the charts that I read and readers should not take it as absolute.

10/09/2013

SGD might be falling soon

I am looking at SGDUSD chart and I can't help but to noticed a recent gap-up followed by a stagnation.

http://sg.finance.yahoo.com/echarts?s=SGDUSD%3DX#symbol=;range=3m;compare=;indicator=bollinger+rsi+stochasticslow+volume;charttype=candlestick;crosshair=on;ohlcvalues=0;logscale=off;source=undefined;

I can't attach the chart right here at this moment but it can be downloaded from the web-page above.

This seems to be a sign of exhaustion and eventually leading to a gap down. So far the indicators are very toppish and should be moving downward soon, so we would probably expect a downturn.

0 Comments:

Post a Comment

<< Home