Falling to support.?Hi everyone,
This is my short term analyze, forecast that the trade will falling to the support.
Malaysiafx
The Iceberg Support breaks ?Hello dear traders,
Hoping that everyone is just fine..
Yesterday was a nice trade, but the US session is getting smart and make a wise steps. Of course the country need to save the economy, or getting more worst. But, the demand of OIL still far than before. And lots of countries are full loaded of oil storage...
As the Asian market is still weak, not really strong... the declining market sees more often. The iceberg supports maybe will be broken in a few hours. Trade is active and looking forward 11 region.
The roller coaster is slips..The trade bring the oil market drifted back down. As they trying to fill up the pipelines as a storage, It may not implement as soon as possible. It takes months to create and manage the project. They said stop the rigs, shut down the drilling .. but that is not an easy stop like a car, can switch off and off within a seconds.. Back where I was, as an oil & Gas workers, I understand what the process it may takes, the producers, and hard tough work. The daily operation of drilling can not shut down fast, it takes times, or the machinery will broken or worst will exploded.
Back to the trades, We've forecast the price will continue to plunge this week. Set tight with your trailing stops, and renew trades if where is needed.
This is just a forecast trade and educational only. Please take serious, that profit or loss is at your own.
If you find this is helping you, please like, follow and comment if you have different ideas.
EURJPY SHORT/SELLBM - Melihat kepada tempoh masa 4HR, corak hanging man sedang menunjukkan di trend ini masih di sebelah pendek. Masih tiada pelarian dari trendline saya tetapi ia menyentuh garisan arah aliran saya dan membalikkan berundur. Ia kelihatan seperti ada akan menjadi satu lagi (Swing Trade) untuk sebelah pendek. Juga RSI menuju bawah
ENG - Looking at 4hr timeframe, a hanging man pattern to appear which shows the trend is still on the short side. There is still no breakout from my trendline but it did touch my trendline and reverses back down. It looks like there's gonna be another (Swing Trade) for the short side. Also, the RSI is heading the bottom where the trade is gonna be at.
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 uptrend
Malaysia - Still Waters Run Deep EWMAs Q2 2019 is underway, global financial markets have experienced a melt-up in assets prices, with some markets up over 20 percent year-to-date. However, despite the run in global asset prices, there is one country that has missed out on the rally, and that is Malaysia.
Malaysian equities (EWM) (INDEX:KLSE) have declined -3.77% in 2019, taking the mantle as the worst performing equity market this year so far. To further complicate matters, the yield on the Malaysian 10-year government bond has risen to 3.932% as of this post, up from 3.81% in March. Lastly, the Malaysian Ringgit (USDMYR) has weakened by 1.92% percent in April 2019, loosing 0.08% against the US Dollar for the year, and forecast to fall further.
Under-performance in Malaysian assets in recent trading sessions can be attributed to the fact that global investors are worried that Malaysian bonds may be removed from the FTSE Russel, a key global bond index for international investors. If this were to occur, Malaysian credit markets would see billions of dollars in outflows, in conjunction with a spike in yields, as investors flee the market en masse.
However, the under-performance of Malaysian assets in 2019 can be attributed to recent downgrades in Malaysian gross domestic product (“GDP”) by the International Monetary Fund (“IMF”). The IMF downgraded the country’s GDP to 4.5% for 2019, down from 4.7% as stated in their prior forecasts. Growth is expected to slow this year as uncertainty stemming from the US-China trade war is expected to put further pressure on Malaysian exports. Furthermore, on a micro level, the threat of elevated household debt among Malaysian households is also lurking in the background. With household debt-to-GDP levels hovering around 83% in 2018, some of the highest in South East Asia, there is worry that leveraged households who have taken large sums of debt for real estate investment and consumption may have difficulty servicing their existing debt. This is especially worrisome in the midst of a slowing economy. Thus, there is risk that elevated household debt could add further pressure to future economic growth, and threaten economic stability within the Malaysia, if it continues on its current trajectory.
As a result, due to these ongoing internal macroeconomic and financial headwinds, we are bearish on Malaysian assets and caution investors to tread lightly within this space.
Malaysia - Still Waters Run DeepAs Q2 2019 is underway, global financial markets have experienced a melt-up in assets prices, with some markets up over 20 percent year-to-date. However, despite the run in global asset prices, there is one country that has missed out on the rally, and that is Malaysia.
Malaysian equities ( EWM ) (INDEX:KLSE) have declined -3.77% in 2019, taking the mantle as the worst performing equity market this year so far. To further complicate matters, the yield on the Malaysian 10-year government bond has risen to 3.932% as of this post, up from 3.81% in March. Lastly, the Malaysian Ringgit (USDMYR) has weakened by 1.92% percent in April 2019, loosing 0.08% against the US Dollar for the year, and forecast to fall further.
Under-performance in Malaysian assets in recent trading sessions can be attributed to the fact that global investors are worried that Malaysian bonds may be removed from the FTSE Russel, a key global bond index for international investors. If this were to occur, Malaysian credit markets would see billions of dollars in outflows, in conjunction with a spike in yields, as investors flee the market en masse.
However, the under-performance of Malaysian assets in 2019 can be attributed to recent downgrades in Malaysian gross domestic product (“GDP”) by the International Monetary Fund (“IMF”). The IMF downgraded the country’s GDP to 4.5% for 2019, down from 4.7% as stated in their prior forecasts. Growth is expected to slow this year as uncertainty stemming from the US-China trade war is expected to put further pressure on Malaysian exports. Furthermore, on a micro level, the threat of elevated household debt among Malaysian households is also lurking in the background. With household debt-to-GDP levels hovering around 83% in 2018, some of the highest in South East Asia, there is worry that leveraged households who have taken large sums of debt for real estate investment and consumption may have difficulty servicing their existing debt. This is especially worrisome in the midst of a slowing economy. Thus, there is risk that elevated household debt could add further pressure to future economic growth, and threaten economic stability within the Malaysia, if it continues on its current trajectory.
As a result, due to these ongoing internal macroeconomic and financial headwinds, we are bearish on Malaysian assets and caution investors to tread lightly within this space.
Datasonic Bhd oversold on weekly charts caDatasonic Bhd oversold on weekly charts can rise above 0.490 level 0.550 possible and on lower side 0.410 is major support
Bitcoin berkuranganPada carta kita, kita perhatikan harga yang ditetapkan di bawah tahap rintangan 6600. Terhadap latar belakang kepentingan global dalam dolar, kemerosotan berterusan.
Petunjuk teknikal kami menunjukkan jualan, Stochastic berada di luar zon terlebih beli dan menuju ke bawah, jadi kami menasihatkan anda untuk mengambil kedudukan yang pendek dan melihat tahap sasaran 6200 dan 6000.
