Gold might shoot up after completing wave C of 4 to form wave 5
hi MYR chart Built demand zone and we can take in position there for 1:8 RR , its good , isn't it?
i see the trend will make reversal & hard sell from top resistant
Do you think US dollar could “convert to” around Rm6.25 by 2029-2030 ?.. Sound “good” or “bad”?...But RM might “getting strong” for time being till around Rm4.035
Was in a conversation and the SGDMYR exchange rate came up. Since 2016, Ihad thought that the SGDMYR would hit 3.50 as a target, a very painful target for many. Well, I was not right as it only breached 3.20 then and nicely consolidated. The 3.50 target is still in play, and now present to you technically how it is projected to be... Over the years since 2016, a...
I am at home. Looking to the JPYMYR chart. I have spotted the channel. This is not a regular channel. This is the 'clash channel'. Why 'clash channel' is so important to the chart? It is the collision of the demand and supply between Yen and Ringgit. Yen has slightly shaken off the momentum as this week. The demand to the Yen has fade bit by bit. On the other...
It could be the best price level to buy and to keep for a few years. The economy is not collapsing yet, just a little hiccup caused by a global pandemic But if it breaks the Trendline then I'll recommend every investor to increase their Gold Reserves quickly.
"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...
Few months ago, I was monitoring Gold price action versus several fiat currencies including Ringgit. I can see a bullish pattern emerging. I decided to dump most of my savings into Gold. It has been paying off. Ringgit is just an example of trouble in emerging market. Gold is better than cash. Continuation pattern after a long bull market from 2002 to...
As 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...
As 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...
As 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...
Based on technical analysis, USDMYR will continue to reach higher price. ichimoku cloud and divergence on Stochastic, it indicate that in 26 period onward, there is probability that the trend will continue going up.
Trading without "bigger pic" like trading inside maze without waze..
This is a historical study on how fibonacci spirals work in price cycling, back to 2016 November, ringgit start strengthening with the rebound of oil price. and the down cycling projection projected as 4.26, 4.11 and 3.87. Ringgit reach the previous high at 3.85 then start weakening. On the right side we have up cycling projection which indicating ringgit to...