USDMYR Continue to Rally AgainA quick update on MYR. USD start to rally despite no rate hiking in Sept. Technically MYR have moved out from consolidate zone, and start depreciate further against USD. I foresee a slight and quick pull back on USDMYR, and then continue to rally. Next target of resistance will be around 4.2. To breakout from uptrend channel, USDMYR need to fall below 4.05 to form a Lower Low. Longby ryanchai2
Weekly Trading View, USDMYR (4th July 2016)USDMYR 3.9552 is a strong Daily Support, Let's see how market movement in this few days. Happy Trading Day !!!Longby Winston_Chuah1
USD/MYR forecastFundamental : -USD "consider " to hike rate Technical : -Heading to North ( $4.40 ) to form FTR setup . -If want to long at mid term , can long at minor structure b currently . Just my forecast based on Supply & Demand , Elliot Wave and others tecnical knowledge . My view is my risk TQLongby FAIZAZIZAN1
LONG IN USDMYRAFTER FOMC MEETING, IT IS LIKELY THAT THE FED WILL INCREASE THE FED FUNDS RATE IN JUNE, WHETHER OR NOT THE FOMC WILL ACTUALLY DO, THE MARKET'S EXPECTATION IS THAT IT IS HIGHER CHANCE FOR THE FED TO RAISE THE RATES, SO BUY LOW COULD BE AN OPTIMAL CHOICE, AT LEAST UNTIL EARLY OF JUNE, THEN WE COULD WAIT AND SEE THE OUTCOME OF FOMC MEETINGS. MOREOVER, IF THERE IS SOME RESISTANCE OF WTI OIL PRICE AT THE LEVEL OF 50 USD / BARREL, THEN THE PERFORMANCE OF MYR WILL ALSO BE NOT SO GOOD. TRADE IDEA: BUY AT NEAR 4.0596 SL NEAR 4.02 TP1 4.1624 TP2 4.2414Longby weiloon940718Updated 2
USDMYR Wave 4 of Wave CWave 4 of Wave c will be completed around 4.1257 and Wave 5 of Wave C will be completed around 3.9911. Then new wave start. by ChangFionpf2
USDMYR RetracementUSDMYR is at retracement place. Will it be retrace to 61.8% or 76.4%? Wait for W12345 to complete. by ChangFionpf1
USDMYR, DUSDMYR is at the retracement. But price resistance at 4.399 to 4.435 and support at 4.098 and 4.102. Price action is at flat, no major. We see the trend when price action break the resistance and support line. However MACD (18,30,15) shows signal lines are crossed and histogram is positive. Price action has change to move up few hundred pips. Then price action will move down again.by ChangFionpf0
USD MYR VIEW FOR LONG TERMI prefer short for the long IF price close under RM4.10 later . My view is my risk .Shortby FAIZAZIZAN1
USDMYR: Price to reach 200 EMA. expecting rebounceUSDMYR: Price to reach 200 EMA. expecting rebounce. Stop loss is at ATRLongby coffeeground0
Symmetric Triangle Breakout - More upside expectedSimple Triangle breakout analysis, target range is measure by the flagpole of previous swing.Longby TomFX132
USDMYR(Daily). Symmetrical Triangle Pattern.Price in uptrend(Trend_Line), potential ABCDE consolidating Symmetrical Triangle 4th Elliott Wave, breakout continuation. Long on break_out at 4.3572. Breaking out to the downside, targets 200 sma, lower Trend_Line. Longby rv2
USDMYR ShortShort USDMYR cause wave B is going to complete and wave C is going to start. It will retrace 0.618 (3.9621). MACD at the cross and positive momentum become lesser. Shortby ChangFionpf0
USDMYR: Incomplete head and shoulders formingAnalisa forecast ambe untuk USDMYR, matawang negara sendiri. Ringgit boleh jatuh dari 3.25 kepada 3.73 dalam masa 160 hari. Ambe forecast ringgit akan ke harga 3.25 semula dalam masa lebih kurang 110 hari lagi (September 2015) insyaallah. Sama-sama doakan untuk ringgit yang lebih bernilai, dijauhi dari malapetaka dan dikurniakan kestabilan. Buat masa sekarang harga dijangkan akan menuju ke Right Shoulder dan dijangka pergerakan menurun akan bermula dari situ (ditanda dengan garisan hitam, Bearish Wolfe Wave juga terbentuk disitu).Shortby coffeeground441