Free Trial

Bears Need Close Below 21-DMA......>

DOLLAR-CNH TECHS
DOLLAR-CNH TECHS: Bears Need Close Below 21-DMA
*RES 4: Cnh6.4140 - Low Nov 25 2015, Low Jan 15 & 17 
*RES 3: Cnh6.4134 - 55-DMA 
*RES 2: Cnh6.3870 - Low Jan 19 now resistance 
*RES 1: Cnh6.3773 - High Feb 8
*PRICE: Cnh6.3472 @ 2300GMT
*SUP 1: Cnh6.3176 - 21-DMA
*SUP 2: Cnh6.2867 - Low Feb 27
*SUP 3: Cnh6.2678 - Low Feb 16
*SUP 4: Cnh6.2548 - 2018 Low Feb 7
*COMMENTARY: Time spent below the 21-DMA was brief with the 21-DMA now noted as
initial support. Bulls need a close above Cnh6.3870 to hint at a shift higher in
focus with above Cnh6.4140 needed to confirm a break of the 55-DMA and initially
target Cnh6.4475-6.4657. Bears now need a close below the 21-DMA to gain
breathing room and return initial focus to retests of 2018 lows.

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' }); });