Welcome to my Trading Blog

Disclaimer: This is my personal Blog, reflecting my very own views on Forex , shares and commodity tradings. As such, all informations provided here are barely for information purposes only,. The author should not be held liable for any errors, incomplete information, delayed messages, or for any actions taken in reliance on information contained herein.This blog is new, being established on 06,May.2010. While I am executing trades, posting will be sent simultaneously. The date/Time indicated here is of US Pacific zone(++15 Hours for Singapore/KL/Beijing, Or ++7 hours GMT)

Tuesday, June 15, 2010

OUTLOOK ON USD/MYR ---Bearish Near/Mid TERMS

The USD/MYR continues its Southern Journey , Technicals signal Bearishness in near term.

The speculated Good numbers in the Second Quarter Malaysia's GDP, and possible rate REVISION by ADDITIONAL 25 basis point are fueling  the rapid Descent of the Currency pair USD/MYR

The immediate support is 3.2432, breaking it may expose the recent Low at 3.1160

The rapid strengthening of MYR  shall propel the Equity market in Bursa KL STOCK EXCHANGE


THE FKCI may be lifted well beyond its 14 D EMA soon, the immediate target shall be 1330.

Happy Trading
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