Resistance at 0.7800 Stay strong...The U.S. Dollar Index failed to settle above the resistance at the 50 EMA at 91.80 and is moving towards the nearest support level at 91.50. If the U.S. Dollar Index manages to settle below the support at 91.50, it will move towards the next support level at 91.30 which will be bullish for AUD/USD.
If AUD/USD settles below the support at 0.75185, it will head towards the next support level which is located at coordinate 0.7340.
On the upside, a move above the resistance at 0.7750 will push AUD/USD towards the next resistance at 0.7775. In case AUD/USD gets above this level, it will head towards the resistance at 0.7800.
A successful test of this level will open the way to the test of the resistance at 0.7820.
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Sarawakfx
Docking on a strong legendary weekly supports.The price plunge was a historic for MRCB, and they get managed back and rising back to their legendary strong support. But, we can not assume that the market is the same all the time.
This time is really different... the historic Covid pandemic..
I'm going to long position on this, at minimum projection target.
Market watch still going after Tp.1 reach.
Is this continue to breaking down?Market watch :
Still under market review..
Is this the darkest before dawn? Time is running out before both sides can agree to extend the transition period beyond year-end.
Pound/dollar has dropped below the 50 Simple Moving Average on the four-hour chart yet momentum remains to the upside, the currency pair trades below the 100 and 200 SMAs and the Relative Strength Index is balanced.
Let's get this bulls.Since that Topglov is getting a hot instrument and getting high demand due to this great pandemic covid19, the productions of latex glove getting more and more.
The main shares already spiked up to Rm11 in just few weeks.
This warrant can go expected up to Rm 2.5 - Rm 3.00 . But stay extra careful with any reversal can be happen in few days ahead.
The new Bull Runs ?Market Watch :
Hello Malaysian traders, hoping that everybody in good health.
These company has a large of liquidity and a large cash flow. Since that the global chain market has been worsen due to pandemic.. the crude palm oil price also get infected. Since that the demand of crude oil is still there, these company still can survive.
The case almost similar with USOIL market, but these is a bit different.
For the moment now, I just keep on my eyes on this market price. If there signals, Long positions will be in positions.
Thanks.
The New Hustles For this market. The Bullish is really hard for this market, but today the resistance has been broken. And I hope that this resistance will be her supports to continue the journey to the uptrend channel.
Foresee, the new month is coming.. so I expected that a new candle will be appear. Cross finger, that the candle will be the three white soldiers.
Positive Market for OIL Demanding.Hello dear traders,
Since that many countries are opening their economy, even WHO not recommend to re-open the economy.
The OIL demand is rapidly increasing in looping numbers, that brings to a very positive uptrend market.
I'm positive that OIL market still going upside next week. BUT, need to watch out the price gap ..Maybe it can push the price market back to south.
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..
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.