USDMYR - 07Feb2022
On the daily, price is bouncing from ascending trendline support to 23.6% resistance at 4.1840. The price action is closing in at the apex of 2 trendlines. We will need to wait and see which direction it breaks out.
At the same time, we will also need to monitor oil price simultaneously as it seems to be over-extended and could reverse anytime.
This is for personal record purposes only, not financial advise or solicitation of trade.
On the daily, price is bouncing from ascending trendline support to 23.6% resistance at 4.1840. The price action is closing in at the apex of 2 trendlines. We will need to wait and see which direction it breaks out.
At the same time, we will also need to monitor oil price simultaneously as it seems to be over-extended and could reverse anytime.
This is for personal record purposes only, not financial advise or solicitation of trade.
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La información y las publicaciones no constituyen, ni deben considerarse como, asesoramiento o recomendaciones financieras, de inversión, de trading u otro tipo, proporcionadas o respaldadas por TradingView. Obtenga más información en Condiciones de uso.
Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como, asesoramiento o recomendaciones financieras, de inversión, de trading u otro tipo, proporcionadas o respaldadas por TradingView. Obtenga más información en Condiciones de uso.