Free Trial

Bears Focused On 200-WMA *RES 4:...>

DOLLAR-MYR TECHS
DOLLAR-MYR TECHS: Bears Focused On 200-WMA
*RES 4: Myr4.0668 - 21-DMA 
*RES 3: Myr4.0450 - High Jan 2 
*RES 2: Myr4.0260 - High Jan 3 
*RES 1: Myr4.0055 - Low Jan 4 now resistance
*PRICE: Myr4.0080 @ 2300GMT
*SUP 1: Myr3.9900 - 2018 Low Jan 5 
*SUP 2: Myr3.9750 - Monthly Low Aug 8 2016 
*SUP 3: Myr3.9345 - 200-WMA 
*SUP 4: Myr3.9314 - Monthly Low July 14 2016
*COMMENTARY: Bears reasserted dominance to start the new year with fresh 16mth
lows adding weight to the case for a test of the 200-WMA. Daily studies at O/S
levels and the Bollinger band base (Myr4.0116) are a concern for bears. Bulls
now need a close above Myr4.0260 to gain breathing room and above Myr4.1014 to
shift focus to Myr4.1311-1423 where the 55-DMA is situated.

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' }); });