Free Trial

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

DOLLAR-SING TECHS
DOLLAR-SING TECHS: Bulls Need Close Above 100-WMA
*RES 4: Sgd1.3720 - High July 17 2017 
*RES 3: Sgd1.3713 - Monthly High Oct 27 
*RES 2: Sgd1.3685 - 2018 High June 27 
*RES 1: Sgd1.3682 - 100-WMA
*PRICE: Sgd1.3671 @ 2300GMT
*SUP 1: Sgd1.3653 - High June 25 now support 
*SUP 2: Sgd1.3638 - High June 26 now support 
*SUP 3: Sgd1.3587 - Low June 26 
*SUP 4: Sgd1.3531 - Low June 22
*COMMENTARY: Fresh 2018 & 9mth highs continue with the pair flirting with the
100-WMA. Bulls continue to look for a close above the 100-WMA to initially focus
on Sgd1.3720 with a close above this level then targeting Sgd1.3787-1.3863. O/B
daily studies remain the key concern for bulls. Support layers are building with
bears now needing a close below Sgd1.3638 to gain breathing room and below
Sgd1.3587 to shift focus back to Sgd1.3472-1.3531.

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' }); });