Free Trial

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

DOLLAR-INR TECHS
DOLLAR-INR TECHS: Bulls Need Close Above Inr64.6300
*RES 4: Inr65.1375 - Low Nov 16 now resistance 
*RES 3: Inr64.9076 - 55-DMA 
*RES 2: Inr64.7981 - 200-DMA 
*RES 1: Inr64.6300 - High Nov 30
*PRICE: Inr64.5700 @ 2300GMT
*SUP 1: Inr64.1866 - Daily Bear channel base 
*SUP 2: Inr64.1020 - Bollinger band base 
*SUP 3: Inr63.7750 - Monthly Low Sept 8 
*SUP 4: Inr63.5600 - 2017 Low Aug 3
*COMMENTARY: Failure to gain traction on pops above the LT falling TL
(Inr65.2078) off Nov 2016 highs in recent weeks resulted in a sell off that
resulted in tests of the daily bear channel base. A close below is needed to
confirm focus on 2017 lows. Bulls need a close above Inr64.6300 to ease bearish
pressure and above the 55-DMA to shift focus to layers of resistance
Inr65.1375-5425. Correcting O/S daily studies remain a concern for bears.

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' }); });