USDMYR - 16Mar2022USDMYR - 16Mar2022
On the H8, price faced bearish pressure after failing to close above 1st Resistance at 4.2120 yesterday. On the bigger picture, USDMYR is pulling back to push up much higher to price target of around 4.2800. Closing back below 20EMA and 50MA would lower the probability of USDMYR achieving the upside target.
This is for personal record purposes only, not financial advise or solicitation of trade.
USDMYR
USDMYR - 14Mar2022USDMYR - 14Mar2022
On the daily, price looks like it just broke triangle pattern with further upside target of around 4.2700. With oil prices pulling back, it could provide a stronger tail wind for further upside.
On the H8, price successfully bounced above all 3 MAs. It have to clear 1st Resistance at 4.2080 before it can bounce much higher.
This is for personal record purposes only, not financial advise or solicitation of trade.
USDMYR - 07Mar2022USDMYR - 07Mar2022
On the weekly, USDMYR is pulling back to 50MA support at 4.1705. We could expect price to have a short term bounce from here.
On the H8, price has dropped back to previous demand zone around 4.1720. With Stochastic at support, we could expect price to bounce back to 1st Resistance at 4.1835.
This is for personal record purposes only, not financial advise or solicitation of trade.
USDMYR - 04Mar2022USDMYR - 04Mar2022
On the daily, USDMYR have dropped to MA support. Price could potentially drop lower to retest 200MA support at 4.1820.
On the H8, price have dropped and confirmed back below all the 3 MAs. We could expect price to drop lower to 1st Support at 4.1815.
This is for personal record purposes only, not financial advise or solicitation of trade.
USDMYR - 03Mar2022USDMYR - 03Mar2022
On the H8, price confirmed above 200MA. However, currently it has pulled back to 61.8% Fib support. We could expect price to bounce higher from here to 1st Resistance at 4.2115.
This is for personal record purposes only, not financial advise or solicitation of trade.
USDMYR - 02Mar2022USDMYR - 02Mar2022
On the H8, price confirmed above 200MA. However, currently it has pulled back to 50% Fib support. Price could bounce higher from here or further possibility of pulling back to 61.8% Fib support at 4.1870 before bouncing higher.
This is for personal record purposes only, not financial advise or solicitation of trade.
USDMYR - 28Feb2022USDMYR - 28Feb2022
On the weekly / daily, USDMYR faced bullish pressure on the back of USD strengthening across the board.
On the H8, price confirmed above 200MA. We could expect price to bounce higher from here to 1st Resistance at 4.2115.
This is for personal record purposes only, not financial advise or solicitation of trade.
USDMYR - 25Feb2022USDMYR - 25Feb2022
On the daily, USDMYR faced bearish pressure from resistance at 4.2060.
On the H8, price confirmed above 200MA. Price could potentially pull back to as deep as 61.8% Fib support at 4.1870 before further upside take place.
This is for personal record purposes only, not financial advise or solicitation of trade.
USDMYR - 24Feb2022USDMYR - 24Feb2022
On the daily, USDMYR have bounced to 50MA resistance.
On the H8, price is consolidating around the descending trendline and the MAs. Due to daily resistance, we could expect the price to pull back lower to 1st Support at 4.1720.
This is for personal record purposes only, not financial advise or solicitation of trade.
USDMYR - 15Feb2022USDMYR - 15Feb2022
On the daily, USDMYR has bounced above resistance-turned-support descending trendline and 20EMA and is now pulling back. On the macro factor, this is the 9th week oil price is moving higher with strong upcoming resistance at 98-100 and any pull back on oil price could push USDMYR higher.
On the H8, price closed above the descending trendline. We could expect it to bounce higher to 1st Resistance at 4.1970.
This is for personal record purposes only, not financial advise or solicitation of trade.
USDMYR - 14Feb2022USDMYR - 14Feb2022
On the daily, USDMYR is trying to break above while coming into the apex of 2 trendlines. There is a disconnect in USDMYR and oil price at the moment with both oil price and USDMYR bouncing higher.
On the H8 if price closes above the descending trendline, we could expect further upside to 1st Resistance at 4.1970.
This is for personal record purposes only, not financial advise or solicitation of trade.
USDMYR - 11Feb2022USDMYR - 11Feb2022
On a macro trend, oil price have started to reverse off its highs. This resulted in USDMYR bouncing higher to 50% Fib retracement. We need to wait out patiently to see which direction breakout from the triangle on the daily timeframe.
This is for personal record purposes only, not financial advise or solicitation of trade.
USDINR - 08Feb2022USDINR - 08Feb2022
On the weekly, price pulled back to close just above the 20EMA. We could expect some upside this week. INR market reopened today after last minute bank holiday declared yesterday as a mark of respect for Lata Mangeshkarji.
On the H4, no directional bias. But based on weekly support, it is likely that price could bounce higher.
This is for personal record purposes only, not financial advise or solicitation of trade.
USDMYR - 08Feb2022USDMYR - 08Feb2022
On the daily, price is bouncing from ascending trendline support to 23.6% resistance at 4.1840. The price action is closing in at the apex of 2 trendlines . We will need to wait and see which direction it breaks out.
At the same time, we will also need to monitor oil price simultaneously as it seems to be over-extended and could reverse anytime.
This is for personal record purposes only, not financial advise or solicitation of trade.
USDMYR - 07Feb2022USDMYR - 07Feb2022
On the daily, price is bouncing from ascending trendline support to 23.6% resistance at 4.1840. The price action is closing in at the apex of 2 trendlines. We will need to wait and see which direction it breaks out.
At the same time, we will also need to monitor oil price simultaneously as it seems to be over-extended and could reverse anytime.
This is for personal record purposes only, not financial advise or solicitation of trade.
USDMYR - 04Feb2022USDMYR - 04Feb2022
On the daily, price is coming into ascending trendline + 200MA support. We could expect USDMYR to bounce from 4.1750 area.
We will also need to monitor oil price simultaneously as it seems to be over-extended and could reverse anytime.
This is for personal record purposes only, not financial advise or solicitation of trade.
USDMYR - 31Jan2022USDMYR - 31Jan2022
On the daily, price bounced up to descending trendline and 50MA before facing bearish pressure and dropped. Even with the overall DXY strength, USDMYR was not able to bounce higher last 2 days.
With the macro factor that oil price making new highs, we could expect USDMYR to pull back to 1st Support at 4.1720 for today.
This is for personal record purposes only, not financial advise or solicitation of trade.