*I’m not an expert in forex & just sharing my thoughts here*

Heading into strong support

I suspect that now could be a good time to start accumulating USD given that it is heading to support and SGD/USD pair is approaching resistance. There’s a lot of price inefficiency on the SGD/USD pair. So if this falls, it’ll fall hard imo.

Personally, I’m accumulating more USD and keeping it until the time to deploy is in. I do suspect that DXY could potentially bounce off the marked out region. If that happens, equities and crypto will start to bleed out again. Could be bear market PTSD, no idea.

But I do think that it’s a smart move to start accumulating USD since it’s cheaper to do so and eventually start scaling back into whatever that you wanna buy. VOO, Crypto or whatever. Since everything is in USD & you can get more USD now and when USD rallies = equities drop then you will be able to get assets at a cheaper price with “more” USD. If this happens, happy days. If not, it isn’t a bad idea to hold onto USD imo as I believe that DXY will eventually head back up again. Maybe not ATH but at least a decent rally.

Long winded but you prolly get the gist. Always take into account forex risk when investing in non SG assets such as VOO. Atb anons!

TA doesn’t work eh?

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