Free Trial

DOLLAR-INDEX TECHS: 200-DMA Support Key *RES.....>

US
US: DOLLAR-INDEX TECHS: 200-DMA Support Key
*RES 4: 93.416 - 2018 High May 9 
*RES 3: 93.200 - Hourly resistance May 9 
*RES 2: 92.998 - Hourly resistance May 10 
*RES 1: 92.841 - Low May 9 now resistance
*PRICE: 92.554 @ 2130GMT
*SUP 1: 92.223 - Low May 2
*SUP 2: 91.951 - 200-DMA
*SUP 3: 91.583 - 21-DMA
*SUP 4: 91.426 - Hourly support Apr 26
*COMMENTARY: Having so far failed to gain traction above the 55-WMA (93.030) the
index is looking a little heavy with correcting O/B daily studies seen weighing.
Bears continue to look for a close below the 200-DMA to ease bullish pressure
and shift initial focus to 90.550-91.4583 where 21, 55 & 100-DMAs are found.
Bulls now need a close above 2018 highs to confirm focus on tests of the 200-WMA
(94.716).

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.