Free Trial

Above Sgd1.3368 To Gain...........>

DOLLAR-SING TECHS
DOLLAR-SING TECHS: Above Sgd1.3368 To Gain Breathing Room
*RES 4: Sgd1.3449 - 55-WMA 
*RES 3: Sgd1.3417 - Low May 29 now resistance 
*RES 2: Sgd1.3389 - 21-DMA 
*RES 1: Sgd1.3368 - High June 5
*PRICE: Sgd1.3338 @ 2300GMT
*SUP 1: Sgd1.3285 - Low May 4 
*SUP 2: Sgd1.3271 - 55-DMA 
*SUP 3: Sgd1.3224 - 100-DMA 
*SUP 4: Sgd1.3197 - High Apr 6 now support
*COMMENTARY: Bears take comfort in closes below the 200-DMA (Sgd1.3356) with
initial focus currently on the Sgd1.3197-1.3285 region where 55 &100-DMAs are
located. Bulls need a close above Sgd1.3368 to gain breathing room and above
Sgd1.3417 to return focus to Sgd1.3497-1.3538. Bears now look for a close below
Sgd1.3197 to confirm breaks of 55 & 100-DMAs and to return focus to tests of
2018 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' }); });