Free Trial

Bulls Focused On 2017 High *RES....>

DOLLAR-IDR TECHS
DOLLAR-IDR TECHS: Bulls Focused On 2017 High
*RES 4: Idr13585 - 2017 High Dec 1 
*RES 3: Idr13540 - Low Dec 1 now resistance 
*RES 2: Idr13485 - 2017 High Jan 3 
*RES 1: Idr13435 - High Sept 27
*PRICE: Idr13435 @ 2300GMT
*SUP 1: Idr13415 - High May 19 now support 
*SUP 2: Idr13410 - High July 7 & 10 now support 
*SUP 3: Idr13380 - Alternating daily support/resistance 
*SUP 4: Idr13352 - High Aug 31 now support
*COMMENTARY: The recovery from 2017 lows now sees bullish focus back on the 2017
highs. O/B daily studies and the Bollinger top (Idr13426) are key concerns for
bulls with potential to limit follow through. Layers of support have been left
behind with bears now needing a close below Idr13380 to ease bullish pressure
and below Idr13352 to pressure key DMAs.

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' }); });