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What indicators that you mainly use in Technical Analysis (TA)?
Moving Average (SMA/EMA)
RSI
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Ichimoku Kinko Hyo
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Tuesday, 8 April 2014

Update* USDMYR: Ringgit Strengthening

USDMYR


From this chart pattern, expecting Ringgit to have big recovery. It seems to be impossible.
Is it telling us, our magical KLCI will continue having "goreng" counter.. Music is definitely will continue to play.

As for FCPO, with weak export data from month to month now, then Ringgit is showing recovering, I doubt the export data will improve, and price should continue to plunge. Additional, Palm oil will be expensive from importer view due to this currency. China and India, our biggest importers are not/reducing buying because looking for other alternative (cheaper oil).


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