USDMYR - 15Nov2021
On the daily timeframe, USDMYR is moving inversely of UKOIL now. It have bounced back towards 50MA resistance for the first time since Aug21. We could expect it to continue its upward trend if UKOIL continues to drop and vice versa.
On the H8 timeframe, price is above 20EMA & 50MA. If it continues its upward trend, we could expect it to have strong 1st Resistance at 4.1472.
This is for personal record purposes only, not financial advise or solicitation of trade.
On the daily timeframe, USDMYR is moving inversely of UKOIL now. It have bounced back towards 50MA resistance for the first time since Aug21. We could expect it to continue its upward trend if UKOIL continues to drop and vice versa.
On the H8 timeframe, price is above 20EMA & 50MA. If it continues its upward trend, we could expect it to have strong 1st Resistance at 4.1472.
This is for personal record purposes only, not financial advise or solicitation of trade.
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