Free Trial

Bulls Need Close Above Myr3.9215...>

DOLLAR-MYR TECHS
DOLLAR-MYR TECHS: Bulls Need Close Above Myr3.9215
*RES 4: Myr3.9689 - High Jan 18 
*RES 3: Myr3.9491 - High Jan 22 
*RES 2: Myr3.9406 - 21-DMA 
*RES 1: Myr3.9215 - Low Jan 22 now resistance
*PRICE: Myr3.9170 @ 2300GMT
*SUP 1: Myr3.8670 - 2018 Low Jan 29 
*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
*COMMENTARY: Recent 2018 & 2yr lows lacked follow through which is a concern for
bears given daily studies correcting from O/S. Bulls continue to look for a
close above Myr3.9215 to ease bearish pressure and above Myr3.9689 to hint at a
move to Myr4.0381-0626 where the 55-DMA is noted with above Myr4.0200 to
confirm. Bears remain focused on Myr3.8470 2016 lows while Myr3.9215 caps.

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' }); });