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)

Sunday, June 13, 2010

OUTLOOK ON USD/MYR ---Below 3.1000 is imminent ??

Both the short and mid term view on MYR is very Bullish against the USD , Further pending on the release of Malaysia's favorable Forecast on Positive GDP numbers and Growth rate in the incoming second quarter, fueled with possible revision on its interest rate again in July, the price action for currency pair USD/MYR may plunge through the recent Low at 3.1180, with immediate target at 3.1000.

The Hourly Chart shows the extreme Bearishness, and the nose-diving action toward the 3.1000 level is rather rapid.

The Technicals on Daily Chart below is also confirming the Bearish trend with an imminent level at 3.1000 on sight soon.

So it may have a direct and significant  BULLISH impact on the Bursa KL Stock Exchange Equity Markets IN THE UPCOMING  DAYS Ahead.....


The Hourly Chart of USD/MYR ..

Chart B --Daily  ,USD/MYR

HAPPY TRADING
Posted by at
Labels:

No comments:

Post a Comment

Subscribe to: Post Comments (Atom)