Forex - Chart USD/MYR Update: Upmove gaining momentum


Published at 01:24 (GMT) 16 Sep


Chart USD/MYR Update: Upmove gaining momentum (HSPC7501)

16 Sep USD / MYR Daily

00::46 GMT - Sharp rally last session with a strong closing above 3.2210 resistance setting the broader upmove from 3.1415 low on firmer footing and poised for extension to next hurdle at 3.2413. Intraday trade expected to be on biddish tone. [W.T]
R5: 3.2552 1 May low
R4: 3.2537 * 8 May high
R3: 3.2421 * 200-day MA line
R2: 3.2413 * 4 Jun high
R1: 3.2327 15 Sep high

S1: 3.2215 intraday level
S2: 3.2062 * 10 Sep high, break
S3: 3.1970 15 Sep low
S4: 3.1930 12 Sep low
S5: 3.1897 10 Sep low

Recommended Content


Recommended Content

Editors’ Picks

EUR/USD clings to gains above 1.0750 after US data

EUR/USD clings to gains above 1.0750 after US data

EUR/USD manages to hold in positive territory above 1.0750 despite retreating from the fresh multi-week high it set above 1.0800 earlier in the day. The US Dollar struggles to find demand following the weaker-than-expected NFP data.

EUR/USD News

GBP/USD declines below 1.2550 following NFP-inspired upsurge

GBP/USD declines below 1.2550 following NFP-inspired upsurge

GBP/USD struggles to preserve its bullish momentum and trades below 1.2550 in the American session. Earlier in the day, the disappointing April jobs report from the US triggered a USD selloff and allowed the pair to reach multi-week highs above 1.2600.

GBP/USD News

Gold struggles to hold above $2,300 despite falling US yields

Gold struggles to hold above $2,300 despite falling US yields

Gold stays on the back foot below $2,300 in the American session on Friday. The benchmark 10-year US Treasury bond yield stays in negative territory below 4.6% after weak US data but the improving risk mood doesn't allow XAU/USD to gain traction.

Gold News

Bitcoin Weekly Forecast: Should you buy BTC here? Premium

Bitcoin Weekly Forecast: Should you buy BTC here?

Bitcoin (BTC) price shows signs of a potential reversal but lacks confirmation, which has divided the investor community into two – those who are buying the dips and those who are expecting a further correction.

Read more

Week ahead – BoE and RBA decisions headline a calm week

Week ahead – BoE and RBA decisions headline a calm week

Bank of England meets on Thursday, unlikely to signal rate cuts. Reserve Bank of Australia could maintain a higher-for-longer stance. Elsewhere, Bank of Japan releases summary of opinions.

Read more

Majors

Cryptocurrencies

Signatures