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U.S. DOLLAR / MALAYSIAN RINGGIT

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USDMYR trade ideas

USDMYR - 19Jan2022USDMYR - 19Jan2022 On the daily, USDMYR opens higher after the past 2 days of bank holiday. Price is currently at 20EMA and has the potential to bounce up a bit higher to 4.1990 before facing bearish pressure. On the H8, price is trying to bounce above 3 MAs. It is expected to face extreme bearish pressure however it have slight chance to bouncing up towards daily resistance at 4.1990 before being pushed lower. This is for personal record purposes only, not financial advise or solicitation of trade.
Short
by TTMFS
USDMYR - 10Jan2022USDMYR - 10Jan2022 On the weekly, last week candle bounced back to the descending trendline resistance. We could expect price to face bearish pressure and pull back to 1st Support at 4.1895. On the H8, price bounced to the gap fill area where price is expected to have a short-term pullback to 1st Support at 4.2000. If price close below 4.200 area, we could expect a deeper pull back to 4.1825. This is for personal record purposes only, not financial advise or solicitation of trade.
by TTMFS