recovered steadily since Crisis Low @ $26+.
Key resistance $50 to $52 have broken and tested.
# Foresee a healthy pullback.
# Overall Trend is up. ***Do not trade against the trend.
# Not a good EP at recent price. Wait for pull back for Buy Entry.
Since Donald Trump's election, global bonds have lost over £1 trillion in value during a significant investor sell-off. They’ve started moving their capital into equities, believing that Trump will create a domestic framework which is very pro-business.
VISA: Critical Support Level. Price unable to make new high after several attempts.
Potential for bullish reversal, but chances to break below channel is there. # However, do not short Visa as it is Strong Fundamental Stock. Overall performance is uptrend since IPO.
Enter for long position if price break above R=82, SL level set below S=75 or below uptrend channel.
USD spike up since Trump elected as US President. The rally is strong and broke above up trend line.
- “Global investors are favoring conditions in the U.S. market
- Offshore investors pulled money out of emerging Asia into U.S. Treasury, regional currencies were walloped. Malaysian ringgit dove 2.7%, according to FactSet.
- There are significant...
USD continue to rally against MYR. The rally is strong as it stay above Daily EMA20 since 2 months ago. The first sign of recovery if it break below EMA20
- Major event ahead in US is Election on Nov 8th, 2016, and possibility of rate hiking in Dec2016.
- Msia just announced Budget for 2017. Total spending increase from last budget, significant an...
A 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...