Malaysian Ringgit (MYR) potentially valued lower against US Dollars (USD). US Dollars (USD) strengthen due to higher interest (expected). Resistance (green) potentially to break as USD strengthen in the upcoming Fed's action.
i see the trend will make reversal & hard sell from top resistant
Do you think US dollar could “convert to” around Rm6.25 by 2029-2030 ?.. Sound “good” or “bad”?...But RM might “getting strong” for time being till around Rm4.035
USD MYR long term ascending triangle ...bulls pressure is strong..
USDMYR - 29Apr2022 On the H8, price is overbought and Stochastic is at resistance. We could expect USDMYR to pull back to 1st Support at 4.3310. Disclaimer: This is for personal work record purposes only, not financial advise or solicitation of trade.
Bearish Pennant occurs in the weekly chart and the price line highlighted on red color is the next support zone. As the FED most probably will announce interest rate hike, USD will gain more strength and will make MYR become weaker in the coming time. Trade safely #NFA #TYOR
USDMYR - 26Apr2022 On the daily, USDMYR has reached its upside triangle breakout target. Noting daily RSI is also at resistance. On the H8, price is overbought and Stochastic is at resistance. We could expect USDMYR to pull back to 1st Support at 4.3230. Disclaimer: This is for personal work record purposes only, not financial advise or solicitation of trade.
USDMYR - 25Apr2022 On the weekly, USDMYR had a huge surge higher last week on the back of USD strengthening + oil price pulling back. It is now approaching its triangle breakout target at around 4.3500. Also noting daily RSI is at resistance. On the H8, same outlook as the daily. H4 Stochastic is also at resistance. In view of resistance on different timeframe,...
USDMYR - 22Apr2022 On the daily, USDMYR macro triangle breakout was revised and the revised upside target is to around 4.3500 in the medium term. However Daily RSI is at resistance and it may pull back / consolidate sideways before further upside. On the H8, same outlook as the daily. Price is overbought and need to pull back / consolidate before continuing...
USDMYR - 20Apr2022 On the daily, USDMYR surged on the back of oil prices pulling back to the triangle target at around 4.2800. Daily RSI has also just hit resistance. On the H8, USDMYR surged even though it was a Malaysia public holiday yesterday. H4 Stochastic is also at resistance. For today, we could expect USDMYR to pull back to at least 1st Support at...
USDMYR - 18Apr2022 On the weekly, price has bounced above 78.6% Fib at 4.2290. We could expect it to retest its highs at 4.2470. On the H8, USDMYR is retesting resistance at 4.2370. Once price can close above, we could expect it to continue its upside target to 4.2580. On the way to its upside, price is expected to face bearish pressure at 4.2463 and...
USDMYR - 11Apr2022 On the weekly, USDMYR closed higher last week. On the H8, USDMYR resumes its bullish momentum after breaking the minor triangle. However, H8 target is only around 4.260. If USD can continue to strengthen across the board + oil price pulling back, this target can be achieved within these few days. This is for personal work record purposes...
USDMYR - 06Apr2022 On the weekly, USDMYR faced bearish pressure and formed a doji candle last week. Nevertheless, it is now bouncing higher to continue its triangle breakout target to around 4.270. On the H8, USDMYR also broke another small triangle. However, H8 target is only around 4.260. If USD can continue to strengthen across the board + oil price pulling...
USDMYR - 01Apr2022 On the H4, price is making lower highs and lower lows. It has now bounce back near the descending trendline resistance. We could expect price to face bearish pressure and drop lower to 200MA support around 4.1950. This is for personal record purposes only, not financial advise or solicitation of trade.
USDMYR - 31Mar2022 On the H8, price is making lower highs and lower lows. It is currently at Fib confluence + 50MA support. We could expect a short-term bounce to 1st Resistance at 4.2125. This is for personal record purposes only, not financial advise or solicitation of trade.
USDMYR - 28Mar2022 USDMYR faced bearish pressure from the resistance at 4.2360. On the daily with the long bearish candle, price could possible drop back to 20EMA + 1st Support at 4.1985 before a bounce. On the H8, price closed below the 20EMA and is now at support. With the bearish momentum, we could expect price to drop further to 1st Support at 4.2000 before...
USDMYR - 25Mar2022 On the H8, price has pulled back to 1st Support at 4.2180. Stochastic also have pulled back from resistance. For today, we could expect USDMYR to bounce back and retest 1st Resistance at 4.2360. This is for personal record purposes only, not financial advise or solicitation of trade.