On 29Jul21, Malaysia Ringgit has retested the previous low at 3.1348, which means 1SGD exchange for 3.1348MYR.
If you are earning SGD and spending MYR, it is a good time to consider changing most of your expenses for the next few months to MYR because it is at its recent historical low.
There is a high possibility that SGD may weaken against MYR or MYR may strengthen against SGD, in any way it is 60% unlikely that SGDMYR to go beyond(higher) than 3.1348MYR provided there isn't more shock to the market on Malaysia Political scene.
If you are looking to short SGDMYR, just check if the spread is too much, if the spread is more than 5pips, it's too much.
If you are earning SGD and spending MYR, it is a good time to consider changing most of your expenses for the next few months to MYR because it is at its recent historical low.
There is a high possibility that SGD may weaken against MYR or MYR may strengthen against SGD, in any way it is 60% unlikely that SGDMYR to go beyond(higher) than 3.1348MYR provided there isn't more shock to the market on Malaysia Political scene.
If you are looking to short SGDMYR, just check if the spread is too much, if the spread is more than 5pips, it's too much.
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🕒 Work 15mins to earn additional income
🏦 Qualify Financial Analyst within 90days
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🧠 21yrs in trading
🚀 Get into our Discord to receive our live market analysis!
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면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.
🧑🏫Analysis now at Substack
🕒 Work 15mins to earn additional income
🏦 Qualify Financial Analyst within 90days
🎤 Keynote Speaker
🧠 21yrs in trading
🚀 Get into our Discord to receive our live market analysis!
discord.gg/AKDr9vPqH7
🕒 Work 15mins to earn additional income
🏦 Qualify Financial Analyst within 90days
🎤 Keynote Speaker
🧠 21yrs in trading
🚀 Get into our Discord to receive our live market analysis!
discord.gg/AKDr9vPqH7
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.