SGDMYR may weaken further... SGDMYR in the coming week it reach a sensitive price range 3.2166, in the coming week's Weekly Candlesticks if it Break and Close below 3.2166, 3.2000 will be broken.
Xe
SGDMYR - Exchange RatesOn 20 Apr 2022, SGDMYR shot up to 3.1466. To most Singaporeans who have commitments in Malaysia or Malaysian who are earning SGD, is a no brainer to change their SGD to MYR.
But that night at 10.25pm, right after my Live Session, I've told a group of entrepreneurs NOT to change their SGD to MYR just yet.
If you could wait for a few days. On Fri, 22Apr2022 market close at 3.1538. Based on the candlestick pattern and the Harmonic Patterns formation, Bearish Crab Pattern, it would be a good idea to change some MYR that could cover your monthly expenses or commitment for the next 3-5months.
It would not surprise me if the market retraces back to the 3.1255~3.0990 range when Market Open.
Share this with your friends as they might benefit from this and there are a couple of hours for them to make the arrangements.
Forex Trading doesn't always mean that one should only trade on the Spot Market, but you can benefit from your day to day expenses, your investment planning and such.
USDMYR Exchange RateA long wait for Malaysians looking to change some USD, this is a good time, not the best time but is definitely the rate I've checked earlier this month, 4.2249.
Do your planning now.
Winners plan ahead.
