The 3 correction waves got rejected at If you study chart with political and financial news in market.
HusinKristal Dec 16, HusinKristal Dec 04, HusinKristal Dec 03, 4: Henderson Yap Dec 03, 4: If Strengthen Ringgit may bounce back RM 4. HusinKristal Nov 26, MYR shows buying interest. Henderson Yap Nov 20, 9: Nov 20, 9: HusinKristal Nov 11, HusinKristal Nov 02, HusinKristal Oct 31, HusinKristal Oct 18, 8: Ans Theny Oct 02, 6: Tenzou Sep 29, Feds rate will stick to 2.
Guys, don't pass remark which hurts others. Charts just shows history how market reacted and what is trend. If you study chart with political and financial news in market. That shows that MYR is in bearish trend. This is true to to other EM currency.. Last 10 year MYR exchange rate vs Dollar indicates the currency loosing it strength by passage of time..
No wonder it may attempt to break previous highs of 4. Bunda Anannda Sep 05, 4: Please everybody don't be panic because the speculator money is very limited, and they will depleted all of their money if the trend turning back. Yun Sean is agent of conspirator.
Mohamed M Farook Aug 29, Mohamed M Farook Aug 26, Falling crude oil prices, strong dollar due to Fed, weakening of Yuan, political situation, all will effect MYR. Expected to go higher then previous close of 4. Lai Teh Aug 12, MiddleAgeWoman May 23, 5: Haters semua pundek gua champion sial. Amirudin Puaad May 16, 5: Add Chart to Comment.
I feel that this comment is: Your report has been sent to our moderators for review. Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs stocks, indexes, futures , cryptocurrencies, and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes.
Therefore Fusion Media doesn't bear any responsibility for any trading losses you might incur as a result of using this data. As you can see, pullback was deep, but complex with overlapped wave structure and also nicely within channel range, so we assume that this was just a double zig-zag W-X-Y corrective decline. Price is forming a continuation pattern to the upside. The best place to take a buy position is the bottom of the pattern. So, wait for the price to hit the bottom of the pattern and watch strong price action for buy.
With the strong bounce off the recent low at 0. As long as the recent low holds, and price breaks above the immediate trend line strongly, we might potentially see the start of a new uptrend for the NZDUSD. MACD is showing a momentum shift, as well as the MA being very high relative to the previous few days. RSI gave us a sell signal on the 1H chart, which historically has been pretty accurate!
As you can see the price have find support in the golden zone and have build a higher low on the D1 chart. This give us a good Idea to go long with a swing trade long setup. I wish you a good trading week. Best wishes Stefan Forex.