Free Trial

Above Myr4.2680 To Shift Focus.....>

DOLLAR-MYR TECHS
DOLLAR-MYR TECHS: Above Myr4.2680 To Shift Focus To 200-DMA
*RES 4: Myr4.2550 - High Sept 28 
*RES 3: Myr4.2446 - 55-DMA 
*RES 2: Myr4.2396 - Daily Bear channel top 
*RES 1: Myr4.2350 - High Oct 9
*PRICE: Myr4.2230 @ 2300GMT
*SUP 1: Myr4.2062 - Low Oct 16 
*SUP 2: Myr4.1940 - Low Oct 13 
*SUP 3: Myr4.1870 - Low Sept 20 
*SUP 4: Myr4.1810 - 2017 Low Sept 8
*COMMENTARY: The lack of follow through on Friday's dip was less than ideal for
bears and resulted in a break of Myr4.2242 although follow through has been
lacking. Overall the Myr4.2396-2680 resistance region is key with bulls needing
a close above Myr4.2680 to end bearish hope and target Myr4.3112-3380 where the
200-DMA is situated. Bears now need a close below Myr4.2062 to ease pressure on
resistance layers and retain focus on tests of 2017 lows.

To read the full story

Close

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.
}); window.REBELMOUSE_ACTIVE_TASKS_QUEUE.push(function(){ window.dataLayer.push({ 'event' : 'logedout', 'loggedOut' : 'loggedOut' }); });