Technical Analysis
13% Gain through changing currencies & DBS update
By FinancialVeracity  •  June 7, 2020
On 13 May, I subtly urge my patreon subscribers to exchange SGD for Aussie dollar through their securities trading account. As I felt the odds of history repeating itself were very high especially when market dipped to $0.80 level with an immediate recovery. Also on 3rd June, I posted about the potential market movement on the Aussie against Singapore dollar. I wrote about how market breaking up the $0.97 mark would signal a clear bullish momentum and how simultaneously market is currently trading in a strong resistance zone, which would probably exhaust some bullish strength. I’d anticipate market to retrace back to the $0.96 area before finding more bullish momentum towards $1. I’m prepare to exit my position if it trades below $0.92, signalling a false bull strength. My exit is set at $1 which will bring me a 13% capital gain or at $.92 which will bring me a 3.95% capital gain....
Read the full article
By FinancialVeracity
24 and on a constant lookout to improve my financial literacy in order to achieve “Financial Independence”. The sole purpose of writing this blog is to give whatever little financial knowledge I have to everyone.
LEAVE A COMMENT
LEAVE A COMMENT

Your email address will not be published.

*

Your Email Address will not be published
*

Read More Articles
More from thefinance