Free Trial

Bulls Now Need Close Above.........>

DOLLAR-PHP TECHS
DOLLAR-PHP TECHS: Bulls Now Need Close Above Php52.560
*RES 4: Php52.850 - Monthly High July 18 2006 
*RES 3: Php52.560 - Low July 18 2006 now resistance 
*RES 2: Php52.552 - 2018 High Mar 23 
*RES 1: Php52.478 - Bollinger band top
*PRICE: Php51.973 @ 2300GMT
*SUP 1: Php51.170 - Alternating daily support/resistance 
*SUP 2: Php52.056 - High May 10 now resistance 
*SUP 3: Php52.030 - 55-DMA 
*SUP 4: Php51.715 - Low May 10
*COMMENTARY: Bulls take comfort in the aggressive rally an bullish close Friday
that reconfirms initial focus on Php52.522-560 where 2018 highs are located.
Bulls now look for a close above Php52.560 to shift initial focus to July 2006
monthly highs at Php52.850. Bears now look for a close below the 55-DMA to ease
bullish pressure and shift focus back to Php51.268-715 where 100 & 200-DMAs 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' }); });