Long shadow candles appear on the daily chart. Well, before you say anything, yes the candle isn't close yet, but it's a pretty good exchange rate.
If you had earned from trading and the denomination is in USD, it is a good time to withdraw some profits. 4.2240 indeed is a great zone for profit-taking.
You will be surprised, at how much more $$ it will bring you...
USDMYR - 24Mar2022
On the H4, price bounced as expected to previous resistance at 4.2360. With Stochastic at resistance, USDMYR is looking to pullback/consolidate first before bouncing higher to daily target around 4.28000.
This is for personal record purposes only, not financial advise or solicitation of trade.
USDMYR - 23Mar2022
On the daily, USDMYR managed to bounce back above the trendline to continue its triangle breakout upside target to around 4.2700
On the H4, price has managed to close and confirm above Fib confluence at 4.2120 before pulling back. After a quick pullback, we could expect USDMYR to continue its uptrend to target at 4.27000
This is for personal...
USDMYR - 18Mar2022
USDMYR bounced back higher after finding support from all the 3MAs. It could potentially be resuming its daily upside target to 4.2700
This is for personal record purposes only, not financial advise or solicitation of trade.
USDMYR - 16Mar2022
On the H8, price faced bearish pressure after failing to close above 1st Resistance at 4.2120 yesterday. On the bigger picture, USDMYR is pulling back to push up much higher to price target of around 4.2800. Closing back below 20EMA and 50MA would lower the probability of USDMYR achieving the upside target.
This is for personal record purposes...
USDMYR - 15Mar2022
On the H8, price is testing previous resistance around 4.1200. Once price can close above, we could expect USDMYR to surge easily to next resistance at 4.2260.
This is for personal record purposes only, not financial advise or solicitation of trade.
USDMYR - 14Mar2022
On the daily, price looks like it just broke triangle pattern with further upside target of around 4.2700. With oil prices pulling back, it could provide a stronger tail wind for further upside.
On the H8, price successfully bounced above all 3 MAs. It have to clear 1st Resistance at 4.2080 before it can bounce much higher.
This is for...
USDMYR - 10Mar2022
On the H8, price is facing bearish pressure at the gap fill area + 1st Resistance at 4.1880. We could expect price to pullback and retest 1st Support at 4.1720 today.
This is for personal record purposes only, not financial advise or solicitation of trade.
USDMYR - 09Mar2022
On the H8, price bounced higher to the gap fill area + 1st Resistance at 4.1835. We could expect price to pullback and retest 1st Support at 4.1720 today.
This is for personal record purposes only, not financial advise or solicitation of trade.
USDMYR - 08Mar2022
On the H8, price gapped up higher from the demand zone around 4.1720. With Stochastic at support, we could expect price to bounce back to 1st Resistance at 4.1835.
This is for personal record purposes only, not financial advise or solicitation of trade.
USDMYR - 07Mar2022
On the weekly, USDMYR is pulling back to 50MA support at 4.1705. We could expect price to have a short term bounce from here.
On the H8, price has dropped back to previous demand zone around 4.1720. With Stochastic at support, we could expect price to bounce back to 1st Resistance at 4.1835.
This is for personal record purposes only, not...
USDMYR - 04Mar2022
On the daily, USDMYR have dropped to MA support. Price could potentially drop lower to retest 200MA support at 4.1820.
On the H8, price have dropped and confirmed back below all the 3 MAs. We could expect price to drop lower to 1st Support at 4.1815.
This is for personal record purposes only, not financial advise or solicitation of trade.
USDMYR - 03Mar2022
On the H8, price confirmed above 200MA. However, currently it has pulled back to 61.8% Fib support. We could expect price to bounce higher from here to 1st Resistance at 4.2115.
This is for personal record purposes only, not financial advise or solicitation of trade.
USDMYR - 02Mar2022
On the H8, price confirmed above 200MA. However, currently it has pulled back to 50% Fib support. Price could bounce higher from here or further possibility of pulling back to 61.8% Fib support at 4.1870 before bouncing higher.
This is for personal record purposes only, not financial advise or solicitation of trade.
USDMYR - 28Feb2022
On the weekly / daily, USDMYR faced bullish pressure on the back of USD strengthening across the board.
On the H8, price confirmed above 200MA. We could expect price to bounce higher from here to 1st Resistance at 4.2115.
This is for personal record purposes only, not financial advise or solicitation of trade.
USDMYR - 25Feb2022
On the daily, USDMYR faced bearish pressure from resistance at 4.2060.
On the H8, price confirmed above 200MA. Price could potentially pull back to as deep as 61.8% Fib support at 4.1870 before further upside take place.
This is for personal record purposes only, not financial advise or solicitation of trade.
USDMYR - 24Feb2022
On the daily, USDMYR have bounced to 50MA resistance.
On the H8, price is consolidating around the descending trendline and the MAs. Due to daily resistance, we could expect the price to pull back lower to 1st Support at 4.1720.
This is for personal record purposes only, not financial advise or solicitation of trade.
USDMYR - 15Feb2022
On the daily, USDMYR has bounced above resistance-turned-support descending trendline and 20EMA and is now pulling back. On the macro factor, this is the 9th week oil price is moving higher with strong upcoming resistance at 98-100 and any pull back on oil price could push USDMYR higher.
On the H8, price closed above the descending trendline....
