in ANALISA by hafid zaini

7647125 7/13/2017 6:17 PM, USD/MYR intraday: rebound


Our pivot point is at 4.2850.


Our preference

: rebound.


Alternative scenario

: the downside breakout of 4.2850 would call for 4.2755 and 4.2705.


Comment

: the RSI is above its neutrality area at 50. The MACD is above its signal line and negative. The MACD must break above its zero level to trigger further gains. Moreover, the pair is trading above its 20 MA (4.2899) but under its 50 MA (4.2936).


Supports and resistances

:

4.3200 **

4.3145 *

4.3095 **

4.3040

4.2923 last

4.2885

4.2850 **

4.2755 *

4.2705 **