USDMYR - 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....
USDMYR - 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...
USDMYR - 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.
USDMYR - 10Feb2022 On a macro trend, oil price have started to reverse off its highs. This could result in USDMYR bouncing up higher for the upcoming days. This is for personal record purposes only, not financial advise or solicitation of trade.
USDMYR - 09Feb2022 On a macro trend, oil price have started to reverse last night. This could result in USDMYR bouncing up higher for today. This is for personal record purposes only, not financial advise or solicitation of trade.
USDINR - 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...
USDMYR - 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...
USDMYR - 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...
USDMYR - 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 - 03Feb2022 With the macro factor oil price action indicating a possible short-term top, we need to be cautious that it would result in USDMYR having a short-term bounce. This is for personal record purposes only, not financial advise or solicitation of trade.
USDMYR - 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...
USDMYR - 27Jan2022 On the daily, price is testing the descending trendline as well as 50MA. Due to overall DXY strength, we will have to wait and see whether USDMYR can bounce and close above these resistance today. This is for personal record purposes only, not financial advise or solicitation of trade.
USDMYR - 25Jan2022 On the H8, price was not able to close above the 3 MAs. We could expect it 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 - 24Jan2022 On the daily, USDMYR faced bearish pressure from the 20EMA. With oil prices making new highs since 2018, USDMYR is susceptible to pull back lower On the H8, price was not able to close above the 3 MAs. We could expect it to pull back lower to 1st Support at 4.1640. This is for personal record purposes only, not financial advise or...
USDMYR - 20Jan2022 On the H8, price has pulled back from the resistance area at around 4.1930. We need to wait and see further price action to determine future directional bias. This is for personal record purposes only, not financial advise or solicitation of trade.
USDMYR - 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...
USDMYR - 14Jan2022 On the daily, price bounced just before coming into 200MA support. On the H8, price has just bounced back above the 23.6% Fib resistance. If H8 candle close above 4.1791, we could expect it to bounce higher to 1st Resistance at 4.1915. This is for personal record purposes only, not financial advise or solicitation of trade.
USDMYR - 13Jan2022 On the daily, price dropped back to 200MA. On the H8, price have dropped to daily 1st Support at 4.1705. We could expect a short-term bounce and to further monitor future price action. This is for personal record purposes only, not financial advise or solicitation of trade.