Tuesday, December 4, 2018

Malaysian Ringgit - Is the worst over ?

USD/MYR (4.1448)

Looking at the latest monthly chart for USD/MYR, I noticed that the November candlestick is a 'Doji', a key trend reversal indicator and it was followed by a red December candlestick so far. If the December candlestick does not turned green until end of the month, there is great possibility that the wave ii of C has been completed and wave iii has started and that is going to sent USD/MYR exchange rate to 3.20 level to mark the end of wave iii.




Hopefully mega wave (2) can go for a 100% retracement to the 2.43 level.

Venus


Venus is emerging into the morning Kuala Lumpur sky at this time of the year, rising from the eastern horizon 2 hours before the sun. This photo was taken two days ago at about 6.45am in the morning.

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