USDMYR has been respecting the daily trendline from the start of March. USDMYR has been respecting the 50% and 61.8% fib retracement levels (from 2020 low to 2020 high) Possible upward breakout of the triangle to complete Wave 5 final leg. Target just above Wave 3 high (4.4480)
USD/MYR possibly on a 5-wave impulse. Expected target to hit at least 4.50
USDMYR 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
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.
For the purposes of taking a broader view of movements in forex markets... Chart: 1-year performance of JPY, THB, MYR, CNY, IDR, INR vs the USD (inverted) Since October, there has been a marked improvement in the performance of Asian currencies. The change means Asian currencies have paired losses over the last 12 months, with the yen and Tai bot entering the...
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...
=> Dark clouds continue to rest over EM, we are eyeballing a 4% move here against Malaysia. => Almost 90% of short term debt in Malaysia is covered by FX reserves whilst two thirds come in the form of short term borrowing. => If the banking system continues to feel pressure via uncertainty from Chinese officials then we are going to see some real pain here. => The...
Just for the fun of it, let's see how this work out, predicting reach D point by 18 Jul 2018
If you are using MYR to change for USD for this week, then get it done 1st thing in the morning tomorrow. Might not be the best but definetely 1 of the better time for this week or next week range.
If you are using MYR to change for USD for this week, then get it done 1st thing in the morning tomorrow. Might not be the best but definetely 1 of the better time for this week or next week range.
Laburlah's Daily Complimentary (02-APR, Monday): USDMYR Technical Analysis Breakdown 1. Trend: Bearish 2. RSI & Stochastic: Bearish 3. Remarks: Fallout from MA200 4. Bollinger band: Cruising downward 5. Resistance: 3.92 Disclaimer: The abovementioned is purely for sharing purpose, you should seek advice from relevant personnel and do your own analysis before...
Ringgit is strengthening, probably due to rising oil price and institutional position. If 4.18 support does not hold, likely fall to at least to 4.15
Ringgit will weaken against USDollar. Thank to Najib ;) Advantage to forex Trader like us. Don't be hancik to trade againts jerong .
Ringgit had traded between 4.40 ~ 4.50 for weeks.
USDMYR: USD continue to rally against MYR. The rally is strong as it stay above Daily EMA20 since 2 months ago. The first sign of recovery if it break below EMA20 - Major event ahead in US is Election on Nov 8th, 2016, and possibility of rate hiking in Dec2016. - Msia just announced Budget for 2017. Total spending increase from last budget, significant an...
USDMYR: USD spike up since Trump elected as US President. The rally is strong and broke above up trend line. - “Global investors are favoring conditions in the U.S. market - Offshore investors pulled money out of emerging Asia into U.S. Treasury, regional currencies were walloped. Malaysian ringgit dove 2.7%, according to FactSet. - There are significant...