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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.
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Free AccessBear Channel Top Capping *RES.....>
DOLLAR-SING TECHS: Bear Channel Top Capping
*RES 4: Sgd1.3688 - Monthly High Aug 15
*RES 3: Sgd1.3682 - 100-DMA
*RES 2: Sgd1.3659 - Daily Bear channel top
*RES 1: Sgd1.3643 - Hourly support Oct 3 now resistance
*PRICE: Sgd1.3615 @ 2200GMT
*SUP 1: Sgd1.3566 - 55-DMA
*SUP 2: Sgd1.3538 - High Sept 14 now support
*SUP 3: Sgd1.3504 - 21-DMA
*SUP 4: Sgd1.3430 - Low Sept 22
*COMMENTARY: The 55-DMA supported to start the new week with the bounce Tuesday
resulting in a test of the daily bear channel top. Bulls continue to look for a
close above Sgd1.3720 to confirm a break of the 100-DMA and bear channel top
with immediate focus shifting to Sgd1.3787. Bears still need a close below
Sgd1.3538 to confirm a false break of the 55-DMA (Sgd1.3566) and below the
21-DMA to return focus to tests of 2017 lows.
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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.