The chart pre-signals that Malaysia and Malaysia economy may run into some trouble from here on.
This financial market turmoil to come would most possibly result from the high amount of debts piled up by Malaysia.
USDMYR has already just made the Black Secular Trendline illustrated in the chart above a powerful support and in addition, is currently backtesting the Red Classical Line as a Major Support. A successful support on Red Line is a double-confirmation of bear market transition for Malaysia Stocks and Equities markets.
Malaysia Ringgit is receiving double-confirmation of long term bear market in this debts market movement.
Bouncing off black lines successfully as support and bouncing off red line successfully as support means bye-bye to Malaysia Financial Markets.
USDMYR has the potential to move way beyond 4.000.
Target of this long term run: break up 4.50 for a move beyond 5.00.
(USDMYR to move big wave up meaning MYRUSD , Malaysia Ringgit, to move big wave down)
MYRSGD (Ringgit with respect to Singapore Dollar) will also be bearish
(Sell on Rebounds)