MYRUSD Strengthen| The downturn of Dollar is begin| 3rd May 2020"When the steam is not there for the Dollar, we buy our own currency Ringgit..especially KLSE" -Zezu Zaza, Webinar 1st May 2020 The selling in Dollar last week is a one of example of mechanism of retracement. As we can see, Ringgit is strengthen this week. This week is a bullish potential sign has started. Half of our sector industries will be open today 04th May 2020. The opening of the sector will rise the Ringgit in the short term. It is a slow volatility but safe. The subsidy or Bantuan Prihatin Nasional will be credited to your bank account by today for the second phase. Please let me know if you want me as your financial advisor for your Ringgit trading or Bursa Saham trading. I am buying Ringgit for next whole week. Starting today Monday will open a buy position. What is the target? I will tell the exact price on where the Ringgit will headed on my web page subscription for the signal. Regards, Zezu Zaza 2048 Longby Zezu_Zaza6
USDMYR on Wave 5 Final Leg ? USDMYR has been respecting the daily trendline from the start of March. USDMYR has been respecting the 50% and 61.8% fib retracement levels (from 2020 low to 2020 high) Possible upward breakout of the triangle to complete Wave 5 final leg. Target just above Wave 3 high (4.4480) Longby simplejack7
Ringgit remains weak versus DollarThere is no incentive to hold ringgit whatsoever. Inflation and weak economy will continue to cause purchasing power to decline. Beware Malaysians.Educationby UnknownUnicorn735418114
malaysia ringgiti though the MYR will start stronger by showing a down trend on mid term ( 2 hour ) , however it move up and broken the down trend line...seen another depreciate on MYRLongby tohchin70103
usd/myr 5-wave Elliott Impulse WaveUSD/MYR possibly on a 5-wave impulse. Expected target to hit at least 4.50Longby kelvinn90Updated 221
USDMYR : Politics turmoil; Bullish opportunityCritical level : 3.82 Key level : 4.03Longby dzulmonsterfx7
Portier |USDMYR Macro Outlook, Analysis & Market CommentaryTraders & Investors! We are now looking at potential opportunities across MYR crosses following the unexpected BNM easing yesterday when key rates were cut 0.25% in response to slowing domestic growth, trade uncertainty and continued geopolitical risks Our view - Markets to re price 0.25% rate cut, finding buyside liquidity on RM4.05xx floor - Downside risks will remain in our view with domestic growth slowing, uncertainty from various trade negotiations, geopolitical risks, weaker-than-expected growth of major trade partners, heightened volatility in financial markets, domestic factors which include weakness in commodity-related sectors and delays in the implementation of projects to fuel a selloff in MYR. - We see technical value in averaging into this trade from here down to the RM4.00xx buyside floor before any meaningful impulsive unwind in the MYR. We have added buyside exposure across both our macro and directional portfolios in response to the recent BNM rate cut however remain aware of value lower closer to the RM4.00 buyside floor. ------------------------- We look forward to continuing to provide market leading analysis to traders & investors alike across the TradingView platform. Like, subscribe and leave your comments below! Until next time, Portier Capital Macro Strategy & Portfolio Management Longby Portier11
USD bearish against MYRIn a monthly time frame, it is clear that the pattern forming descending triangle and forming double top inside the major pattern. Although the major trend still uptrend, but the price move near the support line with the RSI 40%. After breakout double top pattern, the price might be pullback to the breakout point and wait for bearish price action to short, thus, set the 1st TP @ 3.8556, 2nd TP @ 3.7364, 3rd TP @ 3.5567. In terms of fundamental, USD bearish due to few crisis such as US-IRAN war and US-China Trade War. DISCLAIMER: THIS IS OPINION BASED ON MY PERSPECTIVE. FOLLOW AT YOUR OWN RISK.Shortby traderfiz1
MYR strengthening against USDMYR currency is on a momentum of an uptrend. Next resistance will be around 0.2460Longby mdanial63
USDMYR Long term potential scenarios 17/10/19 Disclaimer: Personal opinion for personal investment, follow at your own risk. by MissCha2
Will Asia Break Lower In August 2019?Extended price weakness appears to be pushing Asian currencies below historical price channels. A breakdown from this support channel could mean a complete breakdown in currency values going forward. This may be the beginning of much lower price exploration in an attempt to fund support. Hold onto your heads and profits folks. The crap may begin to fly soon.Shortby BradMatheny8
USDMYR potential long positionUSDMYR price as of writing is 4.174. Instrument shows cup and handle pattern. RSI levels and Stochastic indicators indicate an oversold market. If price breaks resistance level 4.2, price will move upward to price target of 4.34. 200-day EMA confirms an uptrendLongby Salahuddin_yusufUpdated 3
My Idea on (USDMYR)FX_IDC:USDMYR USD Still Looking Bullish with no sign of weakness. If price break 4.2 resistant it will likely head to 4.4 (expect some retracement) This is just my idea on USDMYR Trade at your own risk. Longby Muizzudin1