Free Trial

Bulls Need Close Above............>

DOLLAR-SING TECHS
DOLLAR-SING TECHS: Bulls Need Close Above Sgd1.3643
*RES 4: Sgd1.3752 - 55-DMA 
*RES 3: Sgd1.3723 - Bollinger band top 
*RES 2: Sgd1.3720 - High July 17 
*RES 1: Sgd1.3647 - High Aug 9
*PRICE: Sgd1.3633 @ 2300GMT
*SUP 1: Sgd1.3614 - Low Aug 9 
*SUP 2: Sgd1.3585 - Low Aug 7 
*SUP 3: Sgd1.3549 - Low Aug 4 
*SUP 4: Sgd1.3536 - 2017 Low July 27
*COMMENTARY: The lack of follow through on 2017 lows in past weeks has seen the
pair correct back to the 21-DMA. Bulls need a close above Sgd1.3643 to confirm a
break of the 21-DMA and a shift in focus to Sgd1.3720-87 where the 55-DMA is
situated. While the 21-DMA caps bears retain an advantage but now need a close
below Sgd1.3585 to ease pressure on the 21-DMA and retain focus on fresh 2017
lows and tests of the 200-WMA (Sgd1.3450).

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' }); });