Free Trial

Bears Need Close Below 100-DMA.....>

DOLLAR-WON TECHS
DOLLAR-WON TECHS: Bears Need Close Below 100-DMA
*RES 4: Krw1154.3 - Low July 7 now resistance
*RES 3: Krw1148.1 - High Aug 11
*RES 2: Krw1146.9 - 200-DMA
*RES 1: Krw1143.3 - Low Aug 11 now resistance
*PRICE: Krw1141.5 @ 2300GMT
*SUP 1: Krw1134.1 - Low Aug 17
*SUP 2: Krw1132.2 - 55-DMA
*SUP 3: Krw1130.1 - 100-DMA
*SUP 4: Krw1126.7 - 21-DMA
*COMMENTARY: Support emerging ahead of key DMAs saw the pair bounce back towards
Krw1148.1. Bulls need a close above this level to confirm a break of the 200-DMA
and a shift in focus to Krw1157.8-1161.0 where monthly highs are situated. Bears
now look for a close below the 100-DMA to hint at a move back to 2017 lows with
a close below Krw1123.0 needed to confirm. Daily studies at O/B levels and the
Bollinger top (Krw1145.3) remain key concerns for bulls.

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' }); });