Free Trial

Bears Need Close Below Idr13590....>

DOLLAR-IDR TECHS
DOLLAR-IDR TECHS: Bears Need Close Below Idr13590
*RES 4: Idr13710 - High Feb 9 2016 
*RES 3: Idr13698 - Monthly High June 2 2016 
*RES 2: Idr13685 - Weekly Bollinger band top 
*RES 1: Idr13655 - 2018 High Feb 12 & 13
*PRICE: Idr13655 @ 2300GMT
*SUP 1: Idr13590 - Low Feb 8 
*SUP 2: Idr13510 - Low Feb 7 
*SUP 3: Idr13484 - 55-DMA 
*SUP 4: Idr13450 - High Feb 2 now support
*COMMENTARY: The recovery from 2018 lows (Idr13265) continues to see fresh 2018
& 4mth highs with the bullish closes adding support to the case for a test of
Idr13698-7140. Bears need a close below Idr13590 to ease immediate bullish
pressure and below Idr13480 to confirm a break of 55 & 100-DMAs, shifting
initial focus to Idr13370-450 where the 21-DMA is noted. While Idr13590 supports
bulls target Idr13698-710.

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' }); });