Free Trial

Above Thb32.77 To Ease Bearish.....>

DOLLAR-THB TECHS
DOLLAR-THB TECHS: Above Thb32.77 To Ease Bearish Pressure
*RES 4: Thb33.07 - High Nov 15 
*RES 3: Thb32.92 - High Nov 17 
*RES 2: Thb32.88 - 21-DMA 
*RES 1: Thb32.77 - High Nov 22
*PRICE: Thb32.62 @ 2300GMT
*SUP 1: Thb33.48 - 2017 Low Nov 29 
*SUP 2: Thb32.26 - 2015 Lows Feb 26 & Apr 17 & 20 2015 
*SUP 3: Thb32.19 - Monthly Low Oct 21 2014 
*SUP 4: Thb32.04 - Daily Bear channel base
*COMMENTARY: Repeated fresh 2017 lows added weight to the bearish case with
overall focus on tests of the bear channel base. O/S daily studies and the
Bollinger bases remain key concerns for bears. In saying that, bulls still need
a close above Thb32.77 to ease immediate bearish pressure and hint at a
correction back to Thb32.88-33.17 where 21, 55 & 100-DMAs and the bear channel
top (Thb33.00) are located.

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' }); });