Free Trial

Bulls Need Close Above 55-DMA......>

DOLLAR-MYR TECHS
DOLLAR-MYR TECHS: Bulls Need Close Above 55-DMA
*RES 4: Myr3.9250 - High Mar 16 
*RES 3: Myr3.8977 - 55-DMA 
*RES 2: Myr3.8900 - High Mar 27
*RES 1: Myr3.8730 - High Mar 28
*PRICE: Myr3.8730 @ 2300GMT
*SUP 1: Myr3.8510 - 2018 Low Apr 2 
*SUP 2: Myr3.8470 - 2016 Low Apr 13 
*SUP 3: Myr3.8180 - High July 30 2015 now support 
*SUP 4: Myr3.7795 - Low July 10 2015
*COMMENTARY: Hesitation ahead of recent 2018 and nearly 2 year lows is a concern
for bears when combined with daily studies correcting from modestly O/S levels.
Bears currently focus on 2016 lows with a close below 2016 lows to then target
Myr3.7794-8180. Bulls still need a close above the 55-DMA to ease bearish
pressure and above Myr3.9420 to shift focus back to the 100-DMA (Myr3.9663).

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' }); });