Free Trial

Bulls Need Close Above 100-DMA....>

DOLLAR-SING TECHS
DOLLAR-SING TECHS: Bulls Need Close Above 100-DMA
*RES 4: Sgd1.3787 - High July 13 
*RES 3: Sgd1.3720 - High July 17 
*RES 2: Sgd1.3690 - High Oct 6 
*RES 1: Sgd1.3640 - 100-DMA
*PRICE: Sgd1.3605 @ 2200GMT
*SUP 1: Sgd1.3584 - 21-DMA 
*SUP 2: Sgd1.3558 - 55-DMA 
*SUP 3: Sgd1.3548 - Low Oct 19 
*SUP 4: Sgd1.3535 - Daily Bull channel base
*COMMENTARY: Topside hesitation came to an end with a close above Sgd1.3594 that
sees immediate pressure on the 100-DMA and bear channel top. Bulls look for a
close above these levels to confirm focus on tests of Sgd1.3688-1.3720. Layers
of support are following the pair higher with bears now needing a close below
the 55-DMA to ease bullish pressure and shift focus back to Sgd1.3484 Oct lows
so far.

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' }); });