Free Trial

Bollinger Top Limiting Follow......>

DOLLAR-CNH TECHS
DOLLAR-CNH TECHS: Bollinger Top Limiting Follow Through
*RES 4: Cnh6.4475 - High Jan 16 
*RES 3: Cnh6.4140 - Alternating daily support/resistance 
*RES 2: Cnh6.3924 - Bollinger band top 
*RES 1: Cnh6.3896 - High May 24
*PRICE: Cnh6.3855 @ 2300GMT
*SUP 1: Cnh6.3642 - High May 22 now support
*SUP 2: Cnh6.3556 - 21-DMA
*SUP 3: Cnh6.3329 - 100-DMA
*SUP 4: Cnh6.3173 - 55-DMA
*COMMENTARY: Bulls take comfort in the 21-DMA supporting on dips and pressure
returning to the Cnh6.6896 resistance. Bulls continue to look for a close above
this level to focus on Cnh6.4475-5017 where 200-DMA (Cnh6.4650) & 200-WMA
(Cnh6.4996) are situated. Bears now look for a close below the 21-DMA to ease
bullish pressure and below the 55-DMA to hint at a move back to 2018 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' }); });