Free Trial

Bears Need Close Below 55-DMA......>

DOLLAR-IDR TECHS
DOLLAR-IDR TECHS: Bears Need Close Below 55-DMA
*RES 4: Idr13640 - 2017 High Oct 27 
*RES 3: Idr13605 - High Oct 30 
*RES 2: Idr13558 - Low Nov 13 
*RES 1: Idr13550 - Bollinger band top
*PRICE: Idr13525 @ 2300GMT
*SUP 1: Idr13499 - 55-DMA 
*SUP 2: Idr13490 - Low Nov 7 
*SUP 3: Idr13455 - Low Oct 5 
*SUP 4: Idr13416 - 100-DMA
*COMMENTARY: Marginal closes above the 21-DMA (Idr13523) following a bounce from
ahead of the 55-DMA provides bulls hope but a close above Idr13558 remains
needed to reconfirm focus on Idr13605-640 where 2017 highs are situated. Daily
studies are well placed for a leg higher. Bears continue to look for a close
below the 55-DMA to hint at a move back to 100 (Idr13416) & 200 (Idr13370) DMAs.

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' }); });