Free Trial

Bulls Need Close Above Thb35.06....>

DOLLAR-THB TECHS
DOLLAR-THB TECHS: Bulls Need Close Above Thb35.06
*RES 4: Thb32.59 - 55-DMA 
*RES 3: Thb33.39 - Low Jan 2 now resistance 
*RES 2: Thb32.33 - 21-DMA 
*RES 1: Thb32.06 - Low Jan 10 now resistance
*PRICE: Thb31.90 @ 2300GMT
*SUP 1: Thb31.85 - 2018 Low Jan 15 
*SUP 2: Thb31.72 - 2014 Low July 22 
*SUP 3: Thb31.69 - Daily Bear channel base 
*SUP 4: Thb31.40 - Low Nov 14 2013
*COMMENTARY: Hesitation ahead of recent 2018 & 3+yr lows is less than ideal when
combined with waning momentum and daily studies looking to correct from O/S.
Bulls still need a close above Thb32.06 to gain breathing room and above
Thb32.99 to return initial focus to Thb32.58-92 where 55 & 100-DMAs and bear
channel top are noted. While Thb32.06 caps immediate bearish focus remains on
Thb31.69-72 where 2014 lows and bear channel base are located.

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' }); });