Get started

U.S. DOLLAR / MALAYSIAN RINGGIT

No trades
See on Supercharts
Overview News
Ideas
Discussions Technicals Seasonals Economic Calendar

USDMYR trade ideas

USDMYR - 25Apr2022USDMYR - 25Apr2022 On the weekly, USDMYR had a huge surge higher last week on the back of USD strengthening + oil price pulling back. It is now approaching its triangle breakout target at around 4.3500. Also noting daily RSI is at resistance. On the H8, same outlook as the daily. H4 Stochastic is also at resistance. In view of resistance on different timeframe, USDMYR is expected to face bearish pressure once it achieve its triangle upside target at around 4.3500 Disclaimer: This is for personal work record purposes only, not financial advise or solicitation of trade.
Short
by TTMFS
USDMYR - 22Apr2022USDMYR - 22Apr2022 On the daily, USDMYR macro triangle breakout was revised and the revised upside target is to around 4.3500 in the medium term. However Daily RSI is at resistance and it may pull back / consolidate sideways before further upside. On the H8, same outlook as the daily. Price is overbought and need to pull back / consolidate before continuing upside target to 4.35000. Disclaimer: This is for personal work record purposes only, not financial advise or solicitation of trade.
by TTMFS
USDMYR - 20Apr2022USDMYR - 20Apr2022 On the daily, USDMYR surged on the back of oil prices pulling back to the triangle target at around 4.2800. Daily RSI has also just hit resistance. On the H8, USDMYR surged even though it was a Malaysia public holiday yesterday. H4 Stochastic is also at resistance. For today, we could expect USDMYR to pull back to at least 1st Support at 4.2520 today. Disclaimer: This is for personal work record purposes only, not financial advise or solicitation of trade.
Short
by TTMFS
USDMYR - 06Apr2022USDMYR - 06Apr2022 On the weekly, USDMYR faced bearish pressure and formed a doji candle last week. Nevertheless, it is now bouncing higher to continue its triangle breakout target to around 4.270. On the H8, USDMYR also broke another small triangle. However, H8 target is only around 4.260. If USD can continue to strengthen across the board + oil price pulling back, this target can be achieved within these few days. This is for personal record purposes only, not financial advise or solicitation of trade.
Long
by TTMFS
USDMYR Exchange RateLong shadow candles appear on the daily chart. Well, before you say anything, yes the candle isn't close yet, but it's a pretty good exchange rate. If you had earned from trading and the denomination is in USD, it is a good time to withdraw some profits. 4.2240 indeed is a great zone for profit-taking. You will be surprised, at how much more $$ it will bring you when you time your withdrawal. However, it is not a good time to pay using MYR for your USD commitment, SGD will be a better option(if you had stored SGD in advance). Never underestimate the importance of business planning from shifting your cashflow from 1 currency to another.
Short
by RaynLim