Free Trial

Bulls Need Close Above Thb33.25....>

DOLLAR-THB TECHS
DOLLAR-THB TECHS: Bulls Need Close Above Thb33.25
*RES 4: Thb33.70 - High July 20 
*RES 3: Thb33.54 - High Oct 3 
*RES 2: Thb33.47 - 100-DMA 
*RES 1: Thb33.25 - High Oct 11
*PRICE: Thb33.14 @ 2300GMT
*SUP 1: Thb33.01 - 2017 Low Sept 7 & 8, Oct 16 
*SUP 2: Thb32.98 - Monthly Low May 1 2015 
*SUP 3: Thb32.97 - Bollinger band base 
*SUP 4: Thb32.52 - Low Apr 27 2015
*COMMENTARY: Layers of resistance remain Thb33.18-25 where 21 & 55-DMAs are
situated. Bulls continue to look for a close above Thb33.25 to ease immediate
bearish pressure and above Thb33.54 to confirm a break of the 100-DMA and bear
channel top (Thb33.40) and to target Thb33.70-88. While Thb33.25 caps bears
retain the advantage with a close below Thb32.98 needed to shift initial focus
to Thb32.52.

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' }); });