Free Trial

Bears Dominate While Krw1087.6.....>

DOLLAR-WON TECHS
DOLLAR-WON TECHS: Bears Dominate While Krw1087.6 Caps
*RES 4: Krw1098.4 - 2018 High Feb 6
*RES 3: Krw1087.6 - High Mar 1
*RES 2: Krw1083.6 - Bollinger band top
*RES 1: Krw1075.8 - High Mar 27
*PRICE: Krw1063.6 @ 2300GMT
*SUP 1: Krw1059.5 - Low Mar 6
*SUP 2: Krw1057.6 - Bollinger band base
*SUP 3: Krw1054.7 - 2018 Low Jan 15
*SUP 4: Krw1045.6 - Monthly Low Oct 29 2014
*COMMENTARY: Volatile trading leaves the pair looking offered and immediate
focus back on 2018 lows. Bears look for a close below 2018 lows to initially
pressure Oct 2014 monthly lows at Krw1045.6 and then the daily bear channel base
around Krw1027.0. Bulls now need a close above Krw1075.8 to gain breathing room
and above Krw1087.6 to confirm focus on Krw1098.4 2018 highs.

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' }); });