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President of TIRA Group ( and independent investment advisor doing business as FXA USA ( focusing on technical strategies in the Forex market. Series 3 licensed and registered as a Commodity Trading Advisor / Commodity Pool Operator (CTA/CPO). Graduate of De La... More
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  • USD/SGD - Overdue For Long-Term Correction 0 comments
    Nov 17, 2013 12:51 AM

    The Singapore Dollar has gained tremendously against the US Dollar since the beginning of 2002. Its 2-year side-ways movement gives a high probability indication that it is soon about to reverse. 1.45 created a 3rd scalar analysis bottom which was formed in the beginning of 2009. If indeed this pair reverses, that level has the highest probability for retracement on a 500-pip scale. If the pair continues to decline, 1.25 (the 4th scalar analysis bottom) will indeed be re-tested as this, then, would have the highest probability. SEE CHART HERE.

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