USDMYR - 25Apr2022
On the weekly, USDMYR had a huge surge higher last week on the back of USD strengthening + oil price pulling back. It is now approaching its triangle breakout target at around 4.3500. Also noting daily RSI is at resistance.
On the H8, same outlook as the daily. H4 Stochastic is also at resistance. In view of resistance on different timeframe, USDMYR is expected to face bearish pressure once it achieve its triangle upside target at around 4.3500
Disclaimer: This is for personal work record purposes only, not financial advise or solicitation of trade.
On the weekly, USDMYR had a huge surge higher last week on the back of USD strengthening + oil price pulling back. It is now approaching its triangle breakout target at around 4.3500. Also noting daily RSI is at resistance.
On the H8, same outlook as the daily. H4 Stochastic is also at resistance. In view of resistance on different timeframe, USDMYR is expected to face bearish pressure once it achieve its triangle upside target at around 4.3500
Disclaimer: This is for personal work record purposes only, not financial advise or solicitation of trade.
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