Malaysian Ringgit at the crossroadsUSD MYR showing raising wedge pattern. Hopefully we can get a recovery of the Malaysian Ringgit in the second half of the year with a break below 4.65. by sahamdanlatteUpdated 2
myr is very undervaluedmyr is very undervalued shorting usd for long term profit bear wave foundShortby coffeeground0
USDMYR I cheked USDMYR as requested from a follower. Price is bullish and i don't think it will stop to rise. It' breaking above resistance and i expect the price to reach next key area at 4.9 before a small pullbackLongby CryptoForexGem113
If BO Fib Ext 1 ....Then MYR will reach RM5 at the end of this 2023. Let's call it NTRMN but now it is getting worse than before. The worst in 25 years has been achievedby JudasVespasian222
My Dear, Malaysia Ringgit If we zoom out, FX_IDC:USDMYR it is in the range of the rising wedge, which is a bearish formation. This means that at some point, when it hits the highest level in the range-in this case, 4.77, which is the highest since 1997-it will react to that level and potentially reverse downwards, further strengthening the value of our Ringgit against the USD. Hopefully, it will breakout from this wedge and continue plunging downwards. Is that just wishful thinking, or is that reality on the charts? God bless the Malaysian economy. For a better future, we can do it!Shortby natebrokeUpdated 0
near-term target of 4.70RHB Research has not ruled out that the Ringgit may hit RM5.00 against the US dollar in the medium-term. The forecast from the research house comes as the initial short-term target of 4.60 was surpassed today, leading to a revised near-term target of 4.70, with a potential print at RM4.75.by JudasVespasian224
i like this analysis a lot.leave a commenthi every one complete pullback to the trendline with 1% profit Potential The information provided on this Page does not constitute investment advice, financial advice, trading advice, or any other sort of advice and you should not treat any of the website's content as such. this page does not recommend that any cryptocurrency should be bought, sold, or held by you. Do conduct your own due diligence and consult your financial advisor before making any investment decisioLongby expay240
FX: USDMYR Completed 6-Yr Ascending TriangleUSDMYR completed a 6 year long ascending triangle. Watch out for target level $5.25by paper_valueUpdated 220
MYR-USD Long-Term Trend AnalysisSelf-explanatory, you know where this is heading. Personal opinion, not financial advice.Shortby ramzan115
Malaysia Ringgit. Head & ShoulderA drop from Nov 2022 peak (red arrow) shows a 3-wave ABC corrective move. this follows by an impulsive move (5 waves) starting Feb 2023. we might see a temporary pullback, a break below the head, and should pattern to RM4.3 before moving higher. by adezeno1
USDMYR probably will break 5.00. 2/March/23.USDMYR probably last leg up by breaking all time high and 5.000 to reach @ 5.1620 +/-..by SteveTan1
usdmyr going above 5.0USDMYR successfully retraced and rebounded at weekly 200 moving average. USDMYR is very bullish uptrend when still above 200 ma weekly. It will over the previous high 4.8 (might reach 5.2 or more higher), all is depended on the strength of USD index (DXY). Disclaimer: Own study research, not trading advice. Longby wilsonchan5387644030
Does MYR make corrections before continuing to surge?We use Elliott Wave Theory to forecast future prices. as simple as the rules. i.e., if wave 4 exceeds wave 1, the counting is wrong, etc., it shall be recounted and changed. The main point is to get the forecast and project the main direction in which we may find opportunities for entries. It is impossible to predict perfect patterns or price points.by chaa1
MYRUSD predictionPrediction on MYRUSD price based on EW analysis. There will be correction on the price estimated until the previous wave 4, which causing the MYR to be strengthen against USD.by faizjingga2
USD/Malaysian Ringgit : Major Top ???Prices resisted 2008 high 4.7750 providing a potential double top scenario if further slide in coming days. This week's close was on top of the triangle and at 0.618 retracement value may say otherwise. Projected values appear at around 5.17-5.22 zone. Are we going to see the recovery of Ringgit against USD with the new Government in place??by micchua0
USDMYR Simple Chart AnalysisUSDMYR - This chart can use to monitor our country economy too, hopefully the double top here can indicate that our MYR can continue to be strengthen under the unity government. How to view the guidance via chart ( Refer back to pin message guidance if to trade ) Red Line = Support Blue Line = Resistance Light Blue = bullish/bearish pattern Arrow = Double/Trip top/bottom Red Chip = $$ Green Chip = XXby FFCloud112
USD/MYR: A sustained move above 4.7500 looks unlikelyUSD/MYR faces prospects for extra gains, although a convincing breakout of 4.7500 appears not favoured for the time being, notes Markets Strategist Quek Ser Leang at UOB Group’s Global Economics & Markets Research. “We expected USD/MYR to strengthen last week but we were of the view that ‘4.7500 is unlikely to come into view’.” Our view was wrong as USD/MYR rose to a high of 4.7370 before closing at 4.7360. Not surprisingly, conditions are overbought.” “However, as long as 4.7000 is not breached (minor support is at 4.7150), USD/MYR could rise above 4.7500 this week. In view of the overbought conditions, USD/MYR is unlikely to be able to maintain a foothold above this level. Looking ahead, the next resistance above 4.7500 is at 4.7650”.Longby mustaqim.mazuky2
US Dollar Strong, MYR weakMy Prediction base on technical Analysis Elliot Wave, Chart Pattern and Fibonacci Extension EW 3 Longby TJYus695
RINGGIT MALAYSIA (MYR) DEPRECIATEDMalaysian Ringgit (MYR) potentially valued lower against US Dollars (USD). US Dollars (USD) strengthen due to higher interest (expected). Resistance (green) potentially to break as USD strengthen in the upcoming Fed's action. Longby CatalystEdge3
USDMYR toward 6.25?! By 2029/2020?.. 22/May/22Do you think US dollar could “convert to” around Rm6.25 by 2029-2030 ?.. Sound “good” or “bad”?...But RM might “getting strong” for time being till around Rm4.035by SteveTan2