Bearish view on SGDCNH(potential low 4.63)

84
The reason I like to review the pair is that I've in SG for 8 years. It's my second home. Most importantly I have SGD deposited in the local bank. Personally, I prefer to strong SGD.

The reality is harsh. I don't know what happened on Jan. 8th. But the long lower wick really opened the downside space. The potential low is 4.63(measured move).

Singapore got hit badly by the covid-19. The little red dot relied heavily on openness. Today, a new cluster was identified, so it's far from over.

Good news is that vaccination has started.
Nota
Yep. After publishing the idea, it's been down almost 300 bps.

Declinazione di responsabilità

Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.