Free Trial

Below 2018 Lows Initially..........>

DOLLAR-THB TECHS
DOLLAR-THB TECHS: Below 2018 Lows Initially Targets Thb30.80-85
*RES 4: Thb31.92 - High Feb 8 
*RES 3: Thb31.74 - High Feb 12 
*RES 2: Thb31.67 - 55-DMA 
*RES 1: Thb31.65 - High Feb 22
*PRICE: Thb31.23 @ 2300GMT
*SUP 1: Thb31.16 - 2018 Low Feb 16, Low Nov 6 2013 
*SUP 2: Thb30.85 - LT Bear channel base 
*SUP 3: Thb30.80 - Monthly Low July 24 2013 
*SUP 4: Thb30.42 - Low June 14 2013
*COMMENTARY: Pressure has returned to 2018 lows. Bears look for a close below to
reconfirm focus on the Thb30.80-85 region where the LT bear channel base and
July 2013 monthly low are situated. Layers of resistance remain in place. Bulls
now look for a close above Thb31.74 to confirm a break of the 55-DMA and to
shift initial focus to Thb31.92-32.06. The Bollinger band base (Thb31.18) is the
key concern for bears.

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' }); });