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Saturday, 21 June 2014

MYRUSD: 21 June 2014, Saturday, 11.33pm Singapore Time

MYRUSD: 21 June 2014, Saturday, 11.33pm Singapore Time

Technical Analysis of Malaysia Ringgit vs US Dollar  (MYRUSD) is as per illustrated in Daily Chart above.

The chart pre-signals that Malaysia and Malaysia economy may run into some trouble from here on unless 0.31882 can be re-captured.

<< Anomaly: Failure To Rally on MAXIMUM +10.000 FFA >>
+ Maximum +10.000 FFA in the big wind/broad market financial markets are completing and U-turning, and this had been the best performance that Ringgit as a currency can offer (to be trapped within a +10.000 FFA: bear market confirmation).
+ Resumption in sell-off will now proceed to do further damage.
+ Financial markets are transiting to bear markets per warned beforehand in Daily Funds Flow Analyses during end-2013 and 1H-2014.

Donovan Norfolk Technical Rating:
Bearish
Bear Market Transition
(Sell on Rebounds)



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