Exchange Rates for RM

Exchange rate this weekend not so good cos due to Deepavali i guess n MC can cash in on more pple than usual wantg to change. JB window rate is 248rm but if u change they will prob add 2-4rm
 
Afternoon, yahoo website was 2.56xx

I learnt that Yahoo's stream is quite erratic at times. I found a better charting website at http://www.investing.com/currencies/sgd-myr-advanced-chart. It's especially great for those who can read candlesticks.


SGDMYR(Daily)20131101235326 by nextreal, on Flickr

So, looking at that chart... Indeed, SGDMYR was propped up to 2.62 this morning, but the pair lost steam almost immediately. Currently, we are hovering at the crucial 2.5500 to 2.5550 band.

Why is this crucial? If the market closes at 2.56 or higher, there's a good chance the climb will continue next week :). But if it closes at 2.55 or lower and we see a shooting star or tombstone doji, it is likely that the drop with be quite deep :(.

Anything in between means the market is undecided, and we'll wait for the next signal. :confused:
 
I learnt that Yahoo's stream is quite erratic at times. I found a better charting website at http://www.investing.com/currencies/sgd-myr-advanced-chart. It's especially great for those who can read candlesticks.


SGDMYR(Daily)20131101235326 by nextreal, on Flickr

So, looking at that chart... Indeed, SGDMYR was propped up to 2.62 this morning, but the pair lost steam almost immediately. Currently, we are hovering at the crucial 2.5500 to 2.5550 band.

Why is this crucial? If the market closes at 2.56 or higher, there's a good chance the climb will continue next week :). But if it closes at 2.55 or lower and we see a shooting star or tombstone doji, it is likely that the drop with be quite deep :(.

Anything in between means the market is undecided, and we'll wait for the next signal. :confused:


Thanks Nextreal for the sharing.
 
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