Forex - Chart USD/MYR Update: Upmove not supported by bear-divergences on daily RSI and Stochastic


Published at 01:16 (GMT) 20 Nov


Chart USD/MYR Update: Upmove not supported by bear-divergences on daily RSI and Stochastic (JORC7701)

20 Nov USD / MYR Daily

00::53 GMT - Bulls extending upmove but current strength is not supported by the overbought condition and bear-divergences sighted on daily RSI/Stochastic and slippage below 3.3542 support will expose pullback to 3.3495 then 3.3475. [W.T]
R5: 3.3820 * 17 Feb 2010 low
R4: 3.3740 4 Mar 2010 high
R3: 3.3720 5 Mar 2010 high
R2: 3.3650 * 25 May 2010 high
R1: 3.3600 26 May 2010 high

S1: 3.3542 19 Nov low
S2: 3.3495 5 Nov high
S3: 3.3475 18 Nov low
S4: 3.3380 17 Nov low
S5: 3.3310 13 Nov low

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