Free Trial

Bulls Still Need Close Above.......>

DOLLAR-PHP TECHS
DOLLAR-PHP TECHS: Bulls Still Need Close Above 200-DMA
*RES 4: Php50.810 - High Dec 7 
*RES 3: Php50.665 - 55-DMA 
*RES 2: Php50.663 - Bollinger band top 
*RES 1: Php50.503 - 200-DMA
*PRICE: Php50.490 @ 2300GMT
*SUP 1: Php50.375 - Low Jan 16 
*SUP 2: Php50.203 - 21-DMA 
*SUP 3: Php50.155 - Low Jan 9 
*SUP 4: Php49.930 - High Jan 4 now support
*COMMENTARY: The recovery from 2018 lows is hesitating ahead of the 200-DMA
which is less than ideal for bulls. Bulls continue to look for a close above the
200-DMA to shift focus to Php50.665-51.030 where 55 & 100-DMAs are noted. Bears
now need a close below Php50.375 to ease pressure on the 200-DMA and below
Php50.155 to confirm a break of the 21-DMA and reconfirm focus on 2018 lows.

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' }); });