Bearish Steepening on the Malaysian 1-5 Swap Curve

Chart based progressive global trading strategies, Chart Partners

Thomas Schroeder

Chart based progressive global trading strategies

Chart Partners

Chart Partners objective is to discover medium-term cycle turns and profit opportunities before they unfold, within structural trends while preserving capital with clear degrees of risk. We have real return ideas. 

Markets are dynamic and trading systems must reflect this. It is crucial to determine underlying correlations and lead-lag relationships within global markets and the impact on linked instruments. Our weekly Chartonics product gives you short-term trading strategies that can be applied within the medium and longer term macro trends that are mapped out in our strategy updates. 

Our methodology fuses global market variables and isolates drivers in trends. We specialize in FX, index trade in NY and Asia with a focus on Asian stocks. 

Technical Analysis

USD/MYR is one of the last currencies to succumb to USD strength in Asia, per our bullish USD domino call, after registering a micro double bottom but also a macro dual low from lows back in early 2016 setting a firm base. We outline tactical rally targets as well as longer term strategic pivot levels that would warn of a test of the 4.50 dual highs. It is the weekly MACD cycle that shows a very high confidence structure that points to a macro move higher in the USD.<figure class="editor-figure mceNonEditable"><img class="editor-image img-responsive" src="https://static-prod.smartkarma.com/images/media/000/051/887/original/MALAY%20FX.png?1525927553" data-smartkarma-image-id="51887"></figure>Weekly MACD is not only…

USD/MYR is one of the last currencies to succumb to USD strength in Asia, per our bullish USD domino call, after registering a micro double bottom but also a macro dual low from lows back in early 2016 setting a firm base. We outline tactical rally targets as well as longer term strategic pivot levels that would warn of a test of the 4.50 dual highs. It is the weekly MACD cycle that shows a very high confidence structure that points to a macro move higher in the USD.Weekly MACD is not only…

MYR

MYR 4.08 Pivot on the Way to 4.25