#Ringgit fell as much as 0.6% to 4.076 against the US dollar, the weakest since Dec 7 last year, amid the proclamation of emergency today and the impending lockdown that will come into force tomorrow. It recovered slightly to trade at 4.058 at the time of writing. The initial reaction of the USD-MYR is an […]
USD/MYR (MYR=X) Little Change Ringgit traders await global risk events next week including monetary policy reviews by major central banks and a US-North Korea meeting. Traders are also eyeing the announcement of the new BNM governor. USD/MYR is little changed at 3.9733 vs range of 3.9692-3.9735 Support 3.9430, 3.9209, 3.8533; resistance 4.0060, 4.0155, 4.0528 NOTE: […]
Malaysia: USD/MYR (MYR=X) Prices are Stalling Overall, the bias in prices is: Sideways. By the way, prices are vulnerable to a correction towards 3.95. The projected upper bound is: 3.99. The projected lower bound is: 3.96. The projected closing price is: 3.97. Candlesticks During the past 10 bars, there have been 5 white candles and […]
Malaysia: USD/MYR (MYR=X) Technical Analysis Overall, the bias in prices is: Sideways. By the way, prices are vulnerable to a correction towards 3.95. The projected upper bound is: 4.00. The projected lower bound is: 3.96. The projected closing price is: 3.98. Candlesticks A white body occurred (because prices closed higher than they opened). During the […]