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 […]