in ANALISA by hafid zaini

7645518 7/13/2017 12:24 PM, USD/MYR intraday: the downside prevails as long as 4.2990 is resistance


Our pivot point stands at 4.2990.


Our preference

: the downside prevails as long as 4.2990 is resistance.


Alternative scenario

: the upside breakout of 4.2990, would call for 4.3080 and 4.3140.


Comment

: the RSI is below 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the pair is trading under both its 20 and 50 MAs (respectively at 4.2918 and 4.2945).


Supports and resistances

:

4.3140 **

4.3080 *

4.2990 **

4.2950

4.2888 last

4.2775

4.2720 **

4.2665 *

4.2610 **