More pressures bring this market to downstream.The market seems getting weaker, since the lock-down. Expected in few days more south trade will bee seen.
Malaysiafx
Reaching on the support to another support ?The rally of this pair began to make a new journey and new seasons. United States says, will takes what ever it takes to empower back their economy, and Great Britain stills locking down. But the scenarios will change quickly.
If GBP drop below the support levels at 1.2260-1.2250 USD, it will try to find the next support at 1.2195-1.220 USD. In case of breaking down, the down trends will continue to 1.2108 - 1.2098 USD.
Really in bad shape.The Malaysia market is really in bad shapes....
More down turn to expected in few months ahead....
I felt this is the biggest economy depression will Malaysian had..
I feel very sad to see this chart, semoga kita semua rakyat Malaysia semakin tabah dan cekal...
Buatlah perancangan kewangan dengan teratur..
Small bounce expected before back to South region. A small bounce to be expected and heading to resistance, expected the market price will have a small dive back to 22-20 region.
Two strings support has been defeated.Two support has been break. I'm predicted it may fall to Tp. 1 (Support) , if the support 1 break, it may goes to Tp. 2
Going North and going south? This pair almost reach the goal. The market price soon will fall to a strong support line. And I was expected that there will be a growth from support line to the resistance area.
Weird Market, but It's true uptrend.Hello dear friends,
The market watch oil prices is weird, the market price is moving against the news. I get remember that a plane flying against the wind, so it can fly. All right that's it..
Back to the market price, the oil price is fighting back upwards in last week and this week. It already gain more than 35%.. I'm expected this week will soar another 28-39% . The oil price must get higher, so the country economy will get easy with it. Many countries is depend on the oil economy, so my expected is cash flow cycles is happening in the oil trade.
The Market is descendingHi friends..
The market for this pair is time to go south. Hold it, and just be calm.
All trades, is in risk. Good Luck.
Going to South Slowly.This projection target foresee will break some supports, this is due to this pandemic. The economy is getting weaker and weaker.
Forecast will seen more far than what expected in few months.
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The sides way walk ?The trend of oil market is getting more instances from the past. The past market is not getting twice but it will be an example to avoid the same things happen. The market trend is getting more contentious from many traders, economic analysis, investors, and the BIG investors.
Watch out the unpredictable markets
The downtrend pattern is forming?This week will be the super slides downturn? Seen a lots of indices are getting downward momentum.
Forecast the trend will fight back.Forecast gold market will fight back the resistance, the demand is still strong.
A week target. Hello dear traders,
Hoping everybody is in just fine.
Foresee this pair maybe will make a U turn trade.
Will Crude Moves Higher..Let's find out.Hello dear traders,
Hoping that everyone in good health, and stay strong.
Oil prices pushed higher Thursday, and rebounding amid hopes moves to correct the oversupplied .
Global demand was poised to slump by 9 million barrels a day, that is a huge number ever recorded. But luckily, Norway will cut production starting June. If we still see a continuation of this trend in the coming weeks, it could be a worst behind the market ever.
The current market watch, oil prices is trying to get higher. If the Resistance breaks, it may go to 21.00 region. Since that this weekend is coming, open position for upwards trend is not recommended. Please make your own money management to maximize profits.
The new journey fight has began. Hello Malaysian Traders,
Diharapkan semuanya sehat2 belaka.
This market watch foresee will have a new uptrend, after a long downtrend market. Now Mudajaya maybe have a good fortune in this few days ahead. Frorecast will go to zone price 0.330 - 0.335, if the resistance breaks it may be go to another resistance. If not happen, 0.25 is the best price to quit.
The Roller Coaster is really getting Excited OIL..
Some of 30% BIG trader are not in the trades now.
They changing instrument of trades now, the reasons still unknown.
That's rumors from other traders.
Back to the market watch, the trend is really pushing hard to force the resistance. I don't really understand why.. but I do understand oil is one of big sources of economy.
Since that lots of the countries are trying to reopen, some activity will seen.
My forecast trade for today, the market trying to pushing higher up to 18.18 region.
A small down turn Coaster.Gold is begin to fall, slowly as expected. But the fall is not to big, but it may fall to the support.
The bulls are trying hard. Even the crude storage is full, the demand is low.. But one thing that I've noticed that, the American will not give up with their economy to perish and slumping down. They will take action to fight against it, and make any things to save the economy. President Trump was a great investor and business man. He know what to do, and adjust where he can. I really admire him, the way he thinks an manage the economy.
Plus, the contract will be renew in few days, and it will bring the price higher than expected. The week before, there is nobody aware and notice that the contract expired and plunge the oil into minus price. And today, they already know and re branding the skills and take action into it.
My perspective in this coming days is looking for uptrend trade. In the nearest trade I will looking for resistance profit take. Be aware that the weekly candle is still bearish.
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PLEASE BE AWARE ... ALL PROFITS AND LOSSES IS AT YOUR OWN RISK !!
The bear is getting angry.I have noticed that the weekly candle is forming a hammer pattern. Have to be careful when entering trade this weekend.
