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Ringgit

SGDMYR 3.5 targetWas in a conversation and the SGDMYR exchange rate came up. Since 2016, Ihad thought that the SGDMYR would hit 3.50 as a target, a very painful target for many. Well, I was not right as it only breached 3.20 then and nicely consolidated. The 3.50 target is still in play, and now present to you technically how it is projected to be... Over the years since 2016, a multiyear triangle had been forming and 2021 seems to have broken out, retested and in 2022 April, launched upwards with the strong SGD. The strong SGD, and even stronger USD is going to propel the exchange rate to the 3.50 target ( Current projections point to 3.45)... target projected to hit by end of 2022. Technically, the Bollinger Bands are now expanding and the rate is pushing or leading the upper band. It has also been bouncing off the Monthly 55EMA. So, trend is going up for the next year or so. Heads up, it is more pain to come really. And we all thought 2020-2021 were bad... Take care folks.
by Auguraltrader
JPYMYR Jump Over The Cliff| Bearish Signal| 0.03900 PredictionI am at home. Looking to the JPYMYR chart. I have spotted the channel. This is not a regular channel. This is the 'clash channel'. Why 'clash channel' is so important to the chart? It is the collision of the demand and supply between Yen and Ringgit. Yen has slightly shaken off the momentum as this week. The demand to the Yen has fade bit by bit. On the other hand, Ringgit has develop the strength from the Malaysian economy which has gain its momentum through the recover pandemic period despite the political clashes. Expecting the Yen versus Ringgit will turns to sell off bearish 0.03900 again to test the support. While in this bearish sentiment and fundamental, JPYMYR is prefer on selling its course for this week. Other party which wanting the Yen to be weaken, consider your wish is on your favor. Expecting the Yen low volatility by this week as the week has been reserved for FOMC and NFP. Thank you. Regards, Zezu Zaza 2048
Short
by Zezu_Zaza
MYRUSD Strengthen| The downturn of Dollar is begin| 3rd May 2020"When the steam is not there for the Dollar, we buy our own currency Ringgit..especially KLSE" -Zezu Zaza, Webinar 1st May 2020 The selling in Dollar last week is a one of example of mechanism of retracement. As we can see, Ringgit is strengthen this week. This week is a bullish potential sign has started. Half of our sector industries will be open today 04th May 2020. The opening of the sector will rise the Ringgit in the short term. It is a slow volatility but safe. The subsidy or Bantuan Prihatin Nasional will be credited to your bank account by today for the second phase. Please let me know if you want me as your financial advisor for your Ringgit trading or Bursa Saham trading. I am buying Ringgit for next whole week. Starting today Monday will open a buy position. What is the target? I will tell the exact price on where the Ringgit will headed on my web page subscription for the signal. Regards, Zezu Zaza 2048
Long
by Zezu_Zaza
Gold in Ringgit (Malaysia)Few months ago, I was monitoring Gold price action versus several fiat currencies including Ringgit. I can see a bullish pattern emerging. I decided to dump most of my savings into Gold. It has been paying off. Ringgit is just an example of trouble in emerging market. Gold is better than cash. Continuation pattern after a long bull market from 2002 to 2013. However, majority of people will still holding cash, believing that their government will rescue them and help them. They don't understand that the problems worldwide are with the governments and central banks. All of them are same, corrupt and don't understand how financial market works. Big revolutions will happen. Unfortunately, Malaysia is not in good position. I already have a plan B and will move to another country if things get super ugly and bad.
TVC:GOLDLong
by UnknownUnicorn735418
Malaysia - Still Waters Run DeepAs Q2 2019 is underway, global financial markets have experienced a melt-up in assets prices, with some markets up over 20 percent year-to-date. However, despite the run in global asset prices, there is one country that has missed out on the rally, and that is Malaysia. Malaysian equities ( EWM ) (INDEX:KLSE) have declined -3.77% in 2019, taking the mantle as the worst performing equity market this year so far. To further complicate matters, the yield on the Malaysian 10-year government bond has risen to 3.932% as of this post, up from 3.81% in March. Lastly, the Malaysian Ringgit has weakened by 1.92% percent in April 2019, loosing 0.08% against the US Dollar for the year, and forecast to fall further. Under-performance in Malaysian assets in recent trading sessions can be attributed to the fact that global investors are worried that Malaysian bonds may be removed from the FTSE Russel, a key global bond index for international investors. If this were to occur, Malaysian credit markets would see billions of dollars in outflows, in conjunction with a spike in yields, as investors flee the market en masse. However, the under-performance of Malaysian assets in 2019 can be attributed to recent downgrades in Malaysian gross domestic product (“GDP”) by the International Monetary Fund (“IMF”). The IMF downgraded the country’s GDP to 4.5% for 2019, down from 4.7% as stated in their prior forecasts. Growth is expected to slow this year as uncertainty stemming from the US-China trade war is expected to put further pressure on Malaysian exports. Furthermore, on a micro level, the threat of elevated household debt among Malaysian households is also lurking in the background. With household debt-to-GDP levels hovering around 83% in 2018, some of the highest in South East Asia, there is worry that leveraged households who have taken large sums of debt for real estate investment and consumption may have difficulty servicing their existing debt. This is especially worrisome in the midst of a slowing economy. Thus, there is risk that elevated household debt could add further pressure to future economic growth, and threaten economic stability within the Malaysia, if it continues on its current trajectory. As a result, due to these ongoing internal macroeconomic and financial headwinds, we are bearish on Malaysian assets and caution investors to tread lightly within this space.
Short
by EconomicsGlobal
Malaysia - Still Waters Run Deep EWMAs Q2 2019 is underway, global financial markets have experienced a melt-up in assets prices, with some markets up over 20 percent year-to-date. However, despite the run in global asset prices, there is one country that has missed out on the rally, and that is Malaysia. Malaysian equities (EWM) (INDEX:KLSE) have declined -3.77% in 2019, taking the mantle as the worst performing equity market this year so far. To further complicate matters, the yield on the Malaysian 10-year government bond has risen to 3.932% as of this post, up from 3.81% in March. Lastly, the Malaysian Ringgit (USDMYR) has weakened by 1.92% percent in April 2019, loosing 0.08% against the US Dollar for the year, and forecast to fall further. Under-performance in Malaysian assets in recent trading sessions can be attributed to the fact that global investors are worried that Malaysian bonds may be removed from the FTSE Russel, a key global bond index for international investors. If this were to occur, Malaysian credit markets would see billions of dollars in outflows, in conjunction with a spike in yields, as investors flee the market en masse. However, the under-performance of Malaysian assets in 2019 can be attributed to recent downgrades in Malaysian gross domestic product (“GDP”) by the International Monetary Fund (“IMF”). The IMF downgraded the country’s GDP to 4.5% for 2019, down from 4.7% as stated in their prior forecasts. Growth is expected to slow this year as uncertainty stemming from the US-China trade war is expected to put further pressure on Malaysian exports. Furthermore, on a micro level, the threat of elevated household debt among Malaysian households is also lurking in the background. With household debt-to-GDP levels hovering around 83% in 2018, some of the highest in South East Asia, there is worry that leveraged households who have taken large sums of debt for real estate investment and consumption may have difficulty servicing their existing debt. This is especially worrisome in the midst of a slowing economy. Thus, there is risk that elevated household debt could add further pressure to future economic growth, and threaten economic stability within the Malaysia, if it continues on its current trajectory. As a result, due to these ongoing internal macroeconomic and financial headwinds, we are bearish on Malaysian assets and caution investors to tread lightly within this space.
AMEX:EWMShort
by EconomicsGlobal
Malaysia - Still Waters Run DeepAs Q2 2019 is underway, global financial markets have experienced a melt-up in assets prices, with some markets up over 20 percent year-to-date. However, despite the run in global asset prices, there is one country that has missed out on the rally, and that is Malaysia. Malaysian equities ( EWM ) (INDEX:KLSE) have declined -3.77% in 2019, taking the mantle as the worst performing equity market this year so far. To further complicate matters, the yield on the Malaysian 10-year government bond has risen to 3.932% as of this post, up from 3.81% in March. Lastly, the Malaysian Ringgit (USDMYR) has weakened by 1.92% percent in April 2019, loosing 0.08% against the US Dollar for the year, and forecast to fall further. Under-performance in Malaysian assets in recent trading sessions can be attributed to the fact that global investors are worried that Malaysian bonds may be removed from the FTSE Russel, a key global bond index for international investors. If this were to occur, Malaysian credit markets would see billions of dollars in outflows, in conjunction with a spike in yields, as investors flee the market en masse. However, the under-performance of Malaysian assets in 2019 can be attributed to recent downgrades in Malaysian gross domestic product (“GDP”) by the International Monetary Fund (“IMF”). The IMF downgraded the country’s GDP to 4.5% for 2019, down from 4.7% as stated in their prior forecasts. Growth is expected to slow this year as uncertainty stemming from the US-China trade war is expected to put further pressure on Malaysian exports. Furthermore, on a micro level, the threat of elevated household debt among Malaysian households is also lurking in the background. With household debt-to-GDP levels hovering around 83% in 2018, some of the highest in South East Asia, there is worry that leveraged households who have taken large sums of debt for real estate investment and consumption may have difficulty servicing their existing debt. This is especially worrisome in the midst of a slowing economy. Thus, there is risk that elevated household debt could add further pressure to future economic growth, and threaten economic stability within the Malaysia, if it continues on its current trajectory. As a result, due to these ongoing internal macroeconomic and financial headwinds, we are bearish on Malaysian assets and caution investors to tread lightly within this space.
INDEX:KLSEShort
by EconomicsGlobal
USDMYR heading to 4.165This 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 reach 4.165 in the near term. As you can see fro the projection levels price found short term retracement 3.97 & 4.04 and the trend remain until we see lower low set up.
Short
by Johnkiew