Free Trial

Bears Need Close Below Idr13500....>

DOLLAR-IDR TECHS
DOLLAR-IDR TECHS: Bears Need Close Below Idr13500
*RES 4: Idr13788 - Daily Bull channel top 
*RES 3: Idr13788 - Daily Bull channel top 
*RES 2: Idr13698 - Monthly High June 2 2016 
*RES 1: Idr13585 - High Dec 1 2016, 2017 High Oct 3
*PRICE: Idr13530 @ 2300GMT
*SUP 1: Idr13548 - Daily Bull channel base 
*SUP 2: Idr13507 - 21-DMA 
*SUP 3: Idr13500 - Low Oct 23 
*SUP 4: Idr13480 - Low Oct 17
*COMMENTARY: Consolidation above Idr13455 sees bulls gaining confidence with
immediate focus now on Idr13585 2017 highs. Bulls need a close above 2017 highs
to focus on the daily bull channel top. The daily bull channel base is now
initial support but bears look for a close below Idr13500 to confirm breaks of
the channel and 21-DMA and initially pressuring Idr13455. Below Idr13455 is
needed to target a deeper sell-off.

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' }); });