Free Trial

Bears Focused On 2017 Low *RES.....>

DOLLAR-INR TECHS
DOLLAR-INR TECHS: Bears Focused On 2017 Low
*RES 4: Inr65.0922 - LT Falling TL off Nov 2016 High 
*RES 3: Inr64.8296 - 55-DMA 
*RES 2: Inr64.6917 - 200-DMA 
*RES 1: Inr64.4751 - 21-DMA
*PRICE: Inr64.0250 @ 2300GMT
*SUP 1: Inr63.9648 - Bollinger band base 
*SUP 2: Inr63.9350 - Low Dec 19 
*SUP 3: Inr63.7750 - Monthly Low Sept 8 
*SUP 4: Inr63.5600 - 2017 Low Aug 3
*COMMENTARY: An aggressive spike to start the new week lacked follow through
above key DMAs. Bulls now look for a close above the 200-DMA to ease bearish
pressure and above the 55-DMA to shift focus to Inr65.0922-2560 where the LT
falling TL and bear channel top are situated. Bears currently focus on 2017 lows
although the Bollinger base currently limits follow through.

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' }); });