USD/MYR May Drop Next as Dominant Trends in IDR and PHP Continue

USD/MYR May Drop Next as Dominant Trends in IDR and PHP Continue

Multiple bearish signals in USD/MYR warn that that Malaysian Ringgit may appreciate against the US Dollar next. Meanwhile the dominant trends in USD/IDR and USD/PHP may continue.
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Analyst Picks

Martin Essex, MSTA

Martin Essex, MSTA   

Analyst and Editor

Currency Pair:  EURGBP Set to Fall Further
Expertise: Technical and Fundamental Analysis
Average Timeframe of Trade: Next Few Days
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Nick Cawley   

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Currency Pair:  EURGBP: Pending Short - Downtrend Intact
Expertise: Technical and Fundamental Analysis
Average Timeframe of Trade: One week to one month

Technical Analysis

Crude Oil Weekly Technical Outlook– WTI Plunges to Fresh Yearly Lows

Crude oil prices have plummeted more than 23% off the yearly high with price now targeting key slope support. Here are the levels that matter on the WTI weekly chart.
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Education

Richard Snow
Richard Snow
Markets Writer
The hanging man candle is a reversal pattern that many traders follow. Learn how to identify and trade this pattern.
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Paul Robinson
Market Analyst
In this session, the discussion was on identifying various types of support and resistance and watching price action around the levels on y...Continue Reading

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