No matter, I did buy some Dollars, HK$ and Chinese renminbi very close to their November lows and will be going to Singapore soon to add to my holdings as the buy signals are reinforced.
On the monthly chart below, a bullish engulfing pattern is taking hold, which makes the case for a higher dollar in coming months much stronger to argue for.

On the weekly chart, the BUY signal is arguably even stronger!

On the daily chart, the MACD is rising into positive territory after issuing a bullish divergence BUY signal in November.

Looks like 'ol Rogers is right again!
No comments:
Post a Comment