Just a raw mappingWith economic data which unfavorable to USD.
DXY also shows that downtrend in heavy motion
No news here
Looks like there's nothing to report right now
USDMYR : Double TopAfter a quarter of a century , we may see the strengthening of the Malaysian Ringgit. The completion of a 5 wave pattern implies potential weakness in Dollar against the Ringgit augmented with the possible double top formation.
Again, 3rd quarter 2023 to 1st quarter 2024 displayed a triple top w
USDMYR Prediction for 2025Resistance Zone at 4.75 - 4.80:
The highlighted red zone represents a strong resistance area, where the price has struggled to break through in the past.
The chart indicates a potential test of this resistance.
Potential Price Reversal:
After reaching the resistance zone, the blue arrow suggest
U.S. DOLLAR / MALAYSIAN RINGGIT
Price Action: The price appears to be attempting a consolidation near the lower band, which could suggest that the sharp bearish trend may be slowing down or preparing for a reversal.
Recent price action is forming what looks like a potential base around the 4.25 - 4.30 range, though it is too ea
Title: Ringgit Rally Fuels Foreign Bond Inflows: A Deep DiveThe Malaysian ringgit has experienced a substantial appreciation, driven by robust foreign investment in the domestic bond market. A surge in capital inflows, totaling RM5.5 billion in July alone, has propelled the ringgit's performance. This analysis delves into the underlying economic factors driv
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Summarizing what the indicators are suggesting.
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Displays a symbol's price movements over previous years to identify recurring trends.