Free Trial

Below Sgd1.3399 To Reconfirm......>

DOLLAR-SING TECHS
DOLLAR-SING TECHS: Below Sgd1.3399 To Reconfirm Focus On 2017 Lows
*RES 4: Sgd1.3565 - 100-DMA 
*RES 3: Sgd1.3561 - 55-DMA 
*RES 2: Sgd1.3532 - 200-WMA 
*RES 1: Sgd1.3507 - High Nov 30
*PRICE: Sgd1.3476 @ 2300GMT
*SUP 1: Sgd1.3468 - Hourly support Dec 4 
*SUP 2: Sgd1.3440 - Hourly support Dec 1 
*SUP 3: Sgd1.3415 - Low Dec 1 
*SUP 4: Sgd1.3399 - Low Sept 20
*COMMENTARY: Correcting O/S daily studies impacted last week with support
emerging on dips a concern for bears. Bulls continue to look for a close above
the 200-WMA to ease bearish pressure and above the 100-DMA to shift initial
focus to Sgd1.3659. Initial support remains at Sgd1.3468 but bears still need a
close below Sgd1.3399 to reconfirm focus on 2017 lows.

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' }); });