Free Trial

Bears Focused on 200-WMA *RES.....>

DOLLAR-SING TECHS
DOLLAR-SING TECHS: Bears Focused on 200-WMA
*RES 4: Sgd1.3638 - High Aug 21 
*RES 3: Sgd1.3595 - 21-DMA 
*RES 2: Sgd1.3584 - High Sept 4 
*RES 1: Sgd1.3543 - Hourly resistance Sept 5
*PRICE: Sgd1.3529 @ 2300GMT
*SUP 1: Sgd1.3510 - Low Sept 5 
*SUP 2: Sgd1.3501 - 2017 Sept 1 
*SUP 3: Sgd1.3473 - 200-WMA 
*SUP 4: Sgd1.3430 - Monthly Low Sept 7 2016
*COMMENTARY: The 21-DMA capped last week resulting in marginal fresh 2017 and
12mth lows with immediate focus on the 200-WMA. A close below the 200-WMA was
last seen in Sept 2014. Daily studies have corrected back to neutral levels and
are now well placed for a fresh leg lower. Bulls need a close above the 21-DMA
to ease immediate bearish pressure and above Sgd1.3638 to shift focus to
Sgd1.3669-88 where the 55-DMA is noted.

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' }); });