Free Trial

Close Above Php31.72 to............>

DOLLAR-THB TECHS
DOLLAR-THB TECHS: Close Above Php31.72 to Initially Target Thb32.06-39
*RES 4: Thb32.25 - 55-DMA 
*RES 3: Thb32.06 - Low Jan 10 now resistance 
*RES 2: Thb31.72 - 2014 Low July 22 now resistance 
*RES 1: Thb31.67 - 21-DMA
*PRICE: Thb31.51 @ 2300GMT
*SUP 1: Thb31.27 - 2018 Low Jan 25 
*SUP 2: Thb31.16 - Low Nov 6 2013, Bollinger band base 
*SUP 3: Thb30.90 - Daily Bear channel base 
*SUP 4: Thb30.80 - Monthly Low July 24 2013
*COMMENTARY: Recent 2018 & 4+yr lows lacked follow through courtesy of the
Bollinger band base which is a concern as are O/S daily studies overdue a
correction. Bulls still need a close above Thb31.72 to confirm a break of the
21-DMA and ease bearish pressure with immediate focus shifting to Thb32.06-39
where the 55-DMA is located. Tuesday's topside failure leaves the pair looking
heavy and immediate focus back 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' }); });