Free Trial

Bulls Need Close Above Krw1082.8...>

DOLLAR-WON TECHS
DOLLAR-WON TECHS: Bulls Need Close Above Krw1082.8
*RES 4: Krw1093.1 - 55-DMA
*RES 3: Krw1082.8 - High Dec 21
*RES 2: Krw1076.1 - 21-DMA
*RES 1: Krw1076.0 - High Dec 28
*PRICE: Krw1072.0 @ 2300GMT
*SUP 1: Krw1065.5 - Low Jan 9
*SUP 2: Krw1058.8 - 2018 Low Jan 8
*SUP 3: Krw1045.6 - Monthly Low Oct 29 2014
*SUP 4: Krw1044.2 - Daily Bear channel base
*COMMENTARY: Fresh 2018 & 3+ year lows lacked follow through Monday which is a
concern given daily studies looking to correct from O/S increasing correction
risk. In saying that, bulls still need a close above Krw1082.8 to confirm breaks
of the 21-DMA and bear channel top, shifting focus to Krw1093.1-1101.4 where the
55-DMA is noted. Bears now need a close below Krw1065.5 to retain focus on the
bear channel base and Krw1045.3-1045.6.

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' }); });