11/10/2014: FBMKLCI & USDMYR Chart

FBMKLCI

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).

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..