27th Nov - USD/SGD Bears Show Signs of Fatigue
27 November 2012
MONTHLY CHART:
The long term chart has slipped back to the area of previous support around the Fibo projection, the 1.618 swing off prior 2008/2009 rebound, at 1.2115.
The 23.6% recovery level remains out of reach for now.
DAILY CHART:
A positive RSI divergence recently appeared, suggesting bear fatigue, and the market remains stable s/term.
First resistance comes from the 1.2342 Apr low area. A rally beyond here would set focus on the 1.2556 28-Aug high next.
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29th Nov - Silver Bulls Struggle at 38.2% Resistance 
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15th November - World markets look shaky