Free Trial

Bears Need Close Below 200-DMA....>

DOLLAR-SING TECHS
DOLLAR-SING TECHS: Bears Need Close Below 200-DMA
*RES 4: Sgd1.3538 - High Dec 12 
*RES 3: Sgd1.3496 - High Dec 18 
*RES 2: Sgd1.3489 - 2018 High May 10 
*RES 1: Sgd1.3459 - 55-WMA, High May 21
*PRICE: Sgd1.3413 @ 2300GMT
*SUP 1: Sgd1.3382 - 21-DMA 
*SUP 2: Sgd1.3366 - 200-DMA 
*SUP 3: Sgd1.3285 - Low May 4 
*SUP 4: Sgd1.3234 - 55-DMA
*COMMENTARY: The 21-DMA supports while the 55-WMA currently caps. Bears look for
a close below the 200-DMA to confirm a break of the 21-DMA (Sgd1.3382) and to
shift initial focus to Sgd1.3285. Below this level is then needed to pressure 55
& 100-DMAs. Bulls now need a close above Sgd1.3538 to confirm traction above the
55-WMA and to focus on 200 (Sgd1.3621) & 100 (Sgd1.3680) WMAs.

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' }); });