Xmas present to all readers

Since it Christmas today, I have decided to attached my FX report as a Christmas present for all, which I have been sending to my old subscribers for free every weekend.
Download FX Report 22/12/12 (Removed)
Sorry, I forgotten to turn on the public sharing for my doc previously. Now is accessible for all. :)


STI

STI has managed to cover the falling windows formed last year 2011 within the whole of this year. In addition, STI is positive of around 500+points from where it opened at the 2658 level for the year of 2012.

STI managed to convincingly broke the downward sloping trend line during the last leg of rally for the year with a 4 weeks straight rally. As of now, STI is definitely looking good in the longer term as lower lows and lower highs are formed and prices are well above the 20, 50, 100 and 200 moving average. The trading volume for STI is also pretty much “healthy”.

In intermediate terms, STI might retrace slightly after successfully covering the last falling window and the prices have to find support at the 20MA before moving higher.

Lastly, the next resistance level to watch will be 3227 level which was the August 2011 highs.

I have decided to do only the Straits Times Index analysis only. Stock counters analyses will be by per request as I do not have the time to analyze the so many stock counters.

Merry Christmas and Happy New Year!!!