Free Trial

Bears Need Close Below Idr14110....>

DOLLAR-IDR TECHS
DOLLAR-IDR TECHS: Bears Need Close Below Idr14110
*RES 4: Idr14730 - 2015 High Sept 29 
*RES 3: Idr14620 - Low Oct 1 2015 now resistance 
*RES 2: Idr14480 - Low Oct 5 2015 now resistance 
*RES 1: Idr14210 - 2018 High May 23
*PRICE: Idr14150 @ 2300GMT
*SUP 1: Idr14110 - High May 16 now support 
*SUP 2: Idr14035 - High May 15 now support 
*SUP 3: Idr14012 - 21-DMA 
*SUP 4: Idr13985 - High May 14 now support
*COMMENTARY: Bears failed to capitalise on dips last week with Friday's rally
reconfirming the bullish bias and fresh 2018 highs seeing immediate focus on
Idr14480-720 where 2015 highs are situated. Bears need a close below Idr14110 to
gain breathing room. Below the 21-DMA is needed to target a correction back to
Idr1.3800-862 where the 55-DMA (Idr13862) is found. The Bollinger top (Idr14207)
is the key concern for bulls.

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' }); });