Free Trial

Bulls Need Close Above Php51.850...>

DOLLAR-PHP TECHS
DOLLAR-PHP TECHS: Bulls Need Close Above Php51.850
*RES 4: Php52.085 - Monthly Low July 10 2006 now resistance 
*RES 3: Php51.858 - Bollinger band top 
*RES 2: Php51.850 - 2017 High Oct 27 
*RES 1: Php51.790 - 2018 High Feb 9
*PRICE: Php51.770 @ 2300GMT
*SUP 1: Php51.420 - Alternating daily support/resistance 
*SUP 2: Php51.105 - 21-DMA 
*SUP 3: Php51.050 - Low Feb 7 
*SUP 4: Php50.950 - High Jan 26 now support
*COMMENTARY: Initial support remains at the somewhat pivotal Php51.420 level
with bears needing a close below to ease bullish pressure and shift focus back
to Php50.887-51.105 where 21 & 100-DMAs are situated. Bulls take comfort in
pressure remaining of 2017 highs. Bulls continue to look for a close above
Php51.850 to initially target Php52.085 last seen in 2006.

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' }); });