CNYSGD Hit TP $0.2103 !!! Next Target $0.2136.

Follow-up update from the post http://jimmytradingroom.blogspot.com/2021/01/cnysgd-likely-on-way-to-hit-021-update.html

 

 

CNYSGD Likely On The Way to Hit $0.21 (Update from 6 Sep Post Is Time To Accumulate CNYSGD)

 

CNYSGD HIT 0.2048 (Update from 6 Sep Post Is Time To Accumulate CNYSGD)

 

CNYSGD Uptrend Remains Intact !!!

 Update from the Post CNYSGD HIT 0.2016 (Update from 6 Sep Post Is Time To Accumulate CNYSGD) 

 

New from The Business Times:

Positive News for China Bonds and Yuan

 From Today Singapore The Business Times

CNYSGD HIT 0.2016 (Update from 6 Sep Post Is Time To Accumulate CNYSGD)

Follow-up Update from 6 Sep Post : Is Time To Accumulate CNYSGD (CHINESE YUAN/SGD)!!!

My Key Take-Away from Ray Dalio Chapter 6 : The Big Cycles of China and Its Currency

 My Key Take-Away after reading the Ray Dalio Chapter 6 : The Big Cycles of China and Its Currency

 

Based on 8 key Powers : 

1) Education

2) Economic

3) Competitiveness

4) Share of world trade and output

5) Innovation

6) Technology

7) Reserve currency status

8) Financial market center

China Is On the Way up, And The US Is On the Way down.

 Continues invested in Gold and RMB !!!

Is Time To Accumulate CNYSGD (CHINESE YUAN/SGD)!!!

Both Fundamental and Technical Analysis for CNYSGD turn uptrend!

The last Weekly bar closed higher than the last high confirmed the 2nd higher low for the likely beginning of up Trend...

From 5-Sep The Business Times:

One of the Options for non-Forex Traders is to park your saving into banks that offer a higher RMB saving interest rate.
E.g ICBC Bank current RMB Fixed deposit offer  6 months interest rate of 2.2% to gain both
higher interest rate vs SGD Saving current low-interest rate, and potential CNYSGD up trend currency exchange rate.