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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
MYR
MYR/JPY has been losing altitude since it charted a bearish belt hold candlestick pattern last Wednesday and its RSI crossed below the 70 threshold towards the back end of last week, sending a bearish signal. The rate found support at the intersection of the 61.8% retracement of the Jan 17, 2020 - Mar 9, 2020 sell-off and former trendline resistance-turned-support at Y26.036.
- With the rate sitting at Y26.108, slightly above neutral levels, bears look for renewed losses past the Y26.036 level flagged above as well as Feb 5 high of Y26.010, a former breakout level. This would bring the 50-DMA/100-WMA at Y25.754/25.731 into view. Bulls look for a rebound above Y26.347, where the rate peaked on Feb 17. It is located just shy of the 200-WMA at Y26.357.
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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