USDMYR & FKLI updates. 28/12/2013

On 27th Nov, i have posted about future movement on FKLI and currency.

Lets get the update of these two movement.

USD/MYR

Hikkake pattern spotted as shown in the picture. It broke the low of the 1st inside bar already.
Expecting MYR to recover. If it strong, then it might close those 2 gaps.

FKLI

Expecting next destination to ~1904..
Bullish engulfing spotted as in the highlight box. It followed by Bullish Hidden Divergence.

Previous FKLI chart, projecting the downside if only it break the neck, however, the bull continue to break higher and ignore the head and shoulder pattern.


 Previous post. : http://www.klsepsp.com/2013/11/fkli-usdmyr-27112013-1pm.html

FKLI & USD/MYR 27/11/2013 1PM

FKLI

If only the neck is broken.

If it does, USD/MYR might be like this..

FKLI : Expecting Index to fall 22/9/2013

FKLI

Bearish Engulfing
RSI dropping/crossing 70 (down).
5 wave up seems completed at resistance.

FKLI Analysis : Direction, Resistance & Support.

FKLI.

At first i wanted to analyze on FBMKLCI. However, due to unable to get data, i just analyze on FKLI which is more or less similar to FBMKLCI in terms of movement reaction.

The lowest data i could get from Bursa Station is from 1998 until now by Monthly chart. If i want to focus more smaller time frame, i could only get short period to analyze which i assume it is not sufficient.