My Dear, Malaysia Ringgit
If we zoom out, 
USDMYR it is in the range of the rising wedge, which is a bearish formation. This means that at some point, when it hits the highest level in the range-in this case, 4.77, which is the highest since 1997-it will react to that level and potentially reverse downwards, further strengthening the value of our Ringgit against the USD. Hopefully, it will breakout from this wedge and continue plunging downwards.
Is that just wishful thinking, or is that reality on the charts?
God bless the Malaysian economy. For a better future, we can do it!
USDMYR it is in the range of the rising wedge, which is a bearish formation. This means that at some point, when it hits the highest level in the range-in this case, 4.77, which is the highest since 1997-it will react to that level and potentially reverse downwards, further strengthening the value of our Ringgit against the USD. Hopefully, it will breakout from this wedge and continue plunging downwards.Is that just wishful thinking, or is that reality on the charts?
God bless the Malaysian economy. For a better future, we can do it!
Note
Info lanjut tentang rising wedge pattern
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.