The SGD is managed by MAS and there is a soft peg against a basket of currencies with weightings approximate to the relative trade we have with those countries. Once component currency pairs move, the SGD would be pulled or pushed along. But if you look at the SGD relative to the currencies in this region, it tends to outperform in times like this.
Forex Cryptocurrency General Chit Chat Thread 2019
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The SGD is managed by MAS and there is a soft peg against a basket of currencies with weightings approximate to the relative trade we have with those countries. Once component currency pairs move, the SGD would be pulled or pushed along. But if you look at the SGD relative to the currencies in this region, it tends to outperform in times like this.
awful999
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i'm still waiting for the 2k+ zone for btc before buying bigger
bro market down then btc shoot up back to 7.3k
i dont think SGD attained the safe haven standing as CHF YEN Gold yet, probably like a 2nd tier safe haven
just to add on for fun fact, USD is currently losing in value (based on DXY chart) while still rising against SGD
says much about SGD having much correlation with CNY and the trade war
awful999
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new safe haven?!
good hedge now, 7.4K will it break 7.5k tonight ?edit : coinbase already 7.5k
Mr. Wood
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IceCreamPoop
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short term trade = use short time chart
long term trade = use long time frame chart
Is this what u personally use, can use for swing trade also right :^)
i mostly only use Price Action & try to anticipate market maker's trend & structure and abit of 50/200 EMA to assist my exits...usually use 1hr and 15m timeframe...recently i'm testing out TDI and seems quite helpful
mostly swing trades from late tue or early wed onwards (mondays are usually setup days and market makers killing spree on retail traders)
Mr. Wood
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yes. not sure whether works for all pairs.
I oso use support / resistance and trend lines and sometimes fibo
I think kiwi going to go up further.
careful ah, looks like reversal for retracement back up soon
Not sure how short u refering to. I trade using daily chart.bi use maily trend lines, support/resistance. Study the candle stick for price movement.
Actually i thinking of what indicators are good spotting trend.
Actually i thinking of what indicators are good spotting trend.
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