Free Trial

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

DOLLAR-IDR TECHS
DOLLAR-IDR TECHS: Bears Need Close Below 55-DMA
*RES 4: Idr13698 - Monthly High June 2 2016 
*RES 3: Idr13640 - 2017 High Oct 27 
*RES 2: Idr13605 - High Oct 30 
*RES 1: Idr13565 - High Dec 21
*PRICE: Idr13560 @ 2300GMT
*SUP 1: Idr13538 - 55-DMA 
*SUP 2: Idr13490 - Low Nov 7 
*SUP 3: Idr13455 - Low Oct 5, 100-DMA 
*SUP 4: Idr13386 - 200-DMA
*COMMENTARY: Topside hesitation ahead of Idr13605 took its toll with a sell-off
that sees pressure back on the 55-DMA. Bears need a close below the 55-DMA to
confirm an easing of bullish pressure and below Idr13490 to shift initial focus
to Idr13455 where the 100-DMA is situated. Bulls now need a close above Idr13565
to gain breathing room and above Idr13605 to reconfirm initial focus on 2017
highs.

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' }); });