Malaysia Ringgit Will Be Strengthen Against USD to RM4.00 in FEB'16

Hi all once again..

Today many investment bank analysis wonder, why MYR strengthen while other regional market are weak.

Every market have their own fundamental base. That things I already explained in my previous post. 

Let take a look at MYR on closing month on January 2016. Two support has broken which are at RM4.30 and RM4.215.

I believe, the buying force came from foreign investor. This what I've been telling you in my previous post, when ever people had too much negative issue rise in media, the Bull market is about to appear. 

Most people thought, after the revise budget announcement on 28 JAN'16, KLCI index will shoot down, but things will go another way around.

Let me tell you something, when people analyze with assumption and in emotional mood, things might happen another way around.

Since 21st January'16, from the day first I wrote this blog, my stand remain unchanged , 2016 is the year of recovery when so many negative issue rise.

MYR DAILY CHART

MARKET PARTICIPANT 29th JAN '16

After few months, this is the first time I saw, foreign fund coming back to Malaysian market in the huge amount.

INDEX KLCI 29th JAN '16

Did u see the huge volume in the red circle? This indicate, investor want to move the price higher when the trend currently in correction wave. In coming months, I'm expect KLCI will move higher than previous month closing


 As per my forecast , I remain firm, 2016 is the year of recovery....