STI Upward Trend Under Pressure

Above is a chart showing the inverse relationship between STI and USDSGD. A strong USDSGD generally leads to a weak STI, and vice-versa. 

The relationship as it potentially points to funds flowing into and out of Singapore market.

Last May, we saw USDSGD broke out from its accumulation phase with STI breaking below its Distribution phase which lead to an Mark Down phase. 

In recent trading, we seems to be in similar position again. And if USDSGD is to breakout from its $1.362 level, we will potentially see STI entering into Mark Down phase again.

To learn how technical analysis value adds to your trading and investment, 
do Join Us in our upcoming Effective Technical Analysis and Market Forecasting class.

Disclaimer applies.

Popular posts from this blog

Eventful Week: FOMC Decision and Earnings Reports Headline Upcoming Week

Markets searching for technical support

Wyckoff's Law of Effort