Just my 2 cent opinion.
Is "United States Dollar / Malaysian Ringgit" Pair a Good Investment?
Otherwise a descent under the rising line exposes the July 9 th low at 1. Curiously this occurred as the pair failed to push above a long-term falling trend line from November as upside momentum fell. The latter is present given negative RSI divergence.
With that in mind, the Malaysian Ringgit may appreciate against the US Dollar ahead or perhaps consolidate. A descent through that then exposes the On the other hand, the US Dollar appreciating against the Malaysian Ringgit through the trend line exposes the Another shooting star bearish candlestick pattern warns that US Dollar prices could lose ground to the Indonesian Rupiah.
This could pave the way for the pair to fall under the August 21 st low of 14, which then exposes the near-term rising trend line from late June. Meanwhile, immediate resistance appears to be around the August 15 th high of 14, With that in mind, immediate support appears to be the To contact Daniel, use the comments section below or ddubrovskyFX on Twitter.
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