Wheat looks like have found a bottom between 390-400 after forming a Multiple Bottom, a trend reversal pattern.
Currently Wheat is trading within an up trend channel, and also forming a “Higher High, Higher Low” up trend pattern. Expect Wheat continue to move up to 1.618% Fibonacci Expansion target of about 511.6.
Yummy on the Potential Upside vs Down Side Risk. Attractive Reward Risk Ratio!
In order to confirm a long term trend reversal, Wheat has to break the 600 resistance.
Original Post from https://mystocksinvesting.com
AUD / SGD has started an up trend after finding a bottom at 0.98282. There are a lot of rooms for AUD to move up against SGD.
- Good news if you are holding Aussie Dollar.
- Good news if you are holding any investment in Australia.
- Bad news if you have children study in Australia.
- Bad news if you want to travel to Australia for holiday.
The AUD/SGD trend reversal may be telling something:
- Commodity has bottomed up
- China economy has bottomed up and recovering. China Manufacturing PMI is on expansion mode now and the trend is up.
Summary: Opportunities for investment if you know how to spot them!
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