USDMYR - 16Dec2021USDMYR - 16Dec2021
On the H8 timeframe, price gapped down into 2 MAs. With oil price on the rebound, we could expect USDMYR to drop lower.
This is for personal record purposes only, not financial advise or solicitation of trade.
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USDMYR - 15Dec2021USDMYR - 15Dec2021
On the H8 timeframe, price have bounced back to 1st Resistance around 4.2438 area. We will wait and see whether USDMYR can break above this level
This is for personal record purposes only, not financial advise or solicitation of trade.
USDMYR - 13Dec2021USDMYR - 13Dec2021
On the daily, prices pull back in the wake of oil price rebounding. We could expect it to at least pull back to 1st Support at 4.210 before a short term bounce.
On the H8 timeframe, price pulled back after gapping down. We could expect it to drop to 1st Support at 4.2045 before a short-term bounce.
This is for personal record purposes only, not financial advise or solicitation of trade.
USDMYR - 10Dec2021USDMYR - 10Dec2021
On the H8 timeframe, price bounced from 1st Support area at 4.2045 to gap fill. For today, we could expect price to pull back to retest 4.2045.
This is for personal record purposes only, not financial advise or solicitation of trade.
USDMYR - 09Dec2021USDMYR - 09Dec2021
On the H8 timeframe, price is approaching 1st Support area at 4.2045. We could expect a short-term bounce from this level and then wait out to see what price action it will present.
This is for personal record purposes only, not financial advise or solicitation of trade.
USDMYR - 08Dec2021USDMYR - 08Dec2021
On the H8 timeframe, price is facing bearish pressure to retest the previous highs. With oil price rebounding, we could expect USDMYR to pull back to at least 1st Support at 4.2045 which is also 20EMA on daily.
This is for personal record purposes only, not financial advise or solicitation of trade.
USDMYR - 07Dec2021USDMYR - 07Dec2021
On the H8 timeframe, price is approaching 1st Resistance at 4.2438. We could expect price to retest this level, will have to wait and see whether it can break above.
This is for personal record purposes only, not financial advise or solicitation of trade.
USDMYR - 06Dec2021USDMYR - 06Dec2021
On the weekly, price pulled back to 2nd Support at 4.205 before bouncing back.
On the H8 timeframe, price is approaching 1st Resistance at 4.2438. We could expect price to retest this level, will have to wait and see whether it can break above.
This is for personal record purposes only, not financial advise or solicitation of trade.
USDMYR - 03Dec2021USDMYR - 03Dec2021
On the H8 timeframe, price is approaching 1st Resistance at 4.2438. We could expect price to retest this level, will have to wait and see whether it can break above.
This is for personal record purposes only, not financial advise or solicitation of trade.
USDMYR - 02Dec2021USDMYR - 02Dec2021
On the H8 timeframe, prices bounced back above the 20EMA and is now testing the 61.8% retracement. We could expect USDMYR continue upwards if UKOIL continue to drop.
This is for personal record purposes only, not financial advise or solicitation of trade.
USDMYR - 30Nov2021USDMYR - 30Nov2021
On the H8 timeframe, prices has been on a bullish uptrend since 01Nov. With Stochastic also at resistance, we could expect USDMYR to pull back from this level.
This is for personal record purposes only, not financial advise or solicitation of trade.
USDMYR - 29Nov2021USDMYR - 29Nov2021
On the weekly, USDMYR is flirting with the Aug21 highs, we will need to wait and see whether it can break above this level.
On the H8 timeframe, prices has been on a bullish uptrend since 01Nov. With Stochastic also at resistance, we could expect USDMYR to pull back from this level.
This is for personal record purposes only, not financial advise or solicitation of trade.
USDMYR - 26Nov2021USDMYR - 26Nov2021
On the H8 timeframe, price have bounced back higher to recent Aug21 highs. We will have to monitor closely whether it can break above this level.
This is for personal record purposes only, not financial advise or solicitation of trade.
USDMYR - 24Nov2021USDMYR - 24Nov2021
On the H8 timeframe, price is expected to continue its bullish momentum to strong 1st Resistance at 4.2210 where previous break down occurs.
This is for personal record purposes only, not financial advise or solicitation of trade.
USDMYR - 23Nov2021USDMYR - 23Nov2021
On the H8 timeframe, price is expected to continue its bullish momentum to 1st Resistance at 4.1940 after oil prices are pulling back these few days.
This is for personal record purposes only, not financial advise or solicitation of trade.
USDMYR - 22Nov2021USDMYR - 22Nov2021
On the daily time frame, 1st Resistance at 4.1870 would be the focal point. If price can close above this level, there could be further upside due to monthly bullish setup.
On the H8 timeframe, price reached the small inverse h&s target at 4.1830. With the 20EMA + 200MA crossover and UKOIL price pulling back, price could potentially continue its bullish momentum to 1st Resistance at 4.1990.
This is for personal record purposes only, not financial advise or solicitation of trade.
USDMYR - 19Nov2021USDMYR - 19Nov2021
On the H8 timeframe, a small inverse h&s is playing out. We could expect the price to at least bounce to 1st Resistance at 4.1830 before a drop.
This is for personal record purposes only, not financial advise or solicitation of trade.
USDMYR - 18Nov2021USDMYR - 18Nov2021
On the H8 timeframe, a small inverse h&s is playing out. We could expect the price to at least bounce to 1st Resistance at 4.1830 before a drop.
This is for personal record purposes only, not financial advise or solicitation of trade.
USDMYR - 17Nov2021USDMYR - 17Nov2021
USDMYR is bouncing back after oil price pull back from their highs.
On the H8 timeframe, price broke above potential inverse h&s neckline will need to monitor tomorrow whether the price action follows through.
This is for personal record purposes only, not financial advise or solicitation of trade.
USDMYR - 16Nov2021USDMYR - 16Nov2021
On the H8 timeframe, price bounced from support. Today is more of neutral bias and wait for price action to give us further indication.
This is for personal record purposes only, not financial advise or solicitation of trade.
USDMYR - 15Nov2021USDMYR - 15Nov2021
On the daily timeframe, USDMYR is moving inversely of UKOIL now. It have bounced back towards 50MA resistance for the first time since Aug21. We could expect it to continue its upward trend if UKOIL continues to drop and vice versa.
On the H8 timeframe, price is above 20EMA & 50MA. If it continues its upward trend, we could expect it to have strong 1st Resistance at 4.1472.
This is for personal record purposes only, not financial advise or solicitation of trade.
USDMYR - Exchange RateIf you are earning Malaysia Ringgit(MYR) and your business requires you to use USD. It might be a good opportunity for you to change some of your MYR to USD.
4.139 is quite a good rate and I certainly won't take the risk if I have huge purchases that are due in the coming months.
It is very obvious the US government has some plan in strengthening the USD. There are 2 major headlines you should be aware of.
1. US Secretary-General Janet Yellen said the debt limit is hurting the US.
2. Recent G20 Summit, President Joe Biden is going to push forth a minimum cooperate tax bill that will affect tech giants and corporate that set up manufacturing factories overseas.
If you are patient you can wait for 4.0693 to stock up USD. But for it to happen, the market has to break and close below 4.139 on the Weekly Chart.
USDMYR - 29Oct2021USDMYR - 29Oct2021
On daily timeframe , price is at 200MA strong support for an interim bounce.
On the H8 timeframe, price gapped down and open below 1st Support at 4.1410. As daily time-frame is on strong support, we could expect a bounce at this level.
This is for personal record purposes only, not financial advise or solicitation of trade.
