My Dear, Malaysia Ringgit
If we zoom out, 
USDMYR it is in the range of the rising wedge, which is a bearish formation. This means that at some point, when it hits the highest level in the range-in this case, 4.77, which is the highest since 1997-it will react to that level and potentially reverse downwards, further strengthening the value of our Ringgit against the USD. Hopefully, it will breakout from this wedge and continue plunging downwards.
Is that just wishful thinking, or is that reality on the charts?
God bless the Malaysian economy. For a better future, we can do it!
USDMYR it is in the range of the rising wedge, which is a bearish formation. This means that at some point, when it hits the highest level in the range-in this case, 4.77, which is the highest since 1997-it will react to that level and potentially reverse downwards, further strengthening the value of our Ringgit against the USD. Hopefully, it will breakout from this wedge and continue plunging downwards.Is that just wishful thinking, or is that reality on the charts?
God bless the Malaysian economy. For a better future, we can do it!
Catatan
Info lanjut tentang rising wedge pattern
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Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.