Thursday 19 May 2016

What Next for Ringgit?



USD/MYR is formed a triangle pattern for about 4 month time, breakthrough but go bullish reversal at the end, then it decline and meet target price 3.9477, after that it started to go side-way to form a small base. A small breakout right after 3 May, then I started to predict it first target price which around 4.08. Today, the first target is happened, and directly pull up some of the correlated stock.

Now, the question is what next for ringgit? Or like what I predict it will going to challenge the second target price which is 4.1975? Anyway, I do think we are hardly to see below 4 again in short term when after it stand above 4. 

自马币走了一个大约4 个月的三角收敛,最后却是失败的突破,然后到达计算的跌幅满足后,就开始筑了一个月的小底部。5月3号开始做一个小突破后,我就开始预计看涨到大约4.08 左右,今天就到达了第一波的目标价位,直接也拉动了一些以美元为红利的股票。

现在下一个问题就是马币何去何从? 或就如我说的即将要往挑战重重的第二涨幅目标4.1975前进?无论如何,站得上4 以上,短期之内都很难可以见到4 以下。






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