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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.
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Free AccessMNI China Daily Summary: Monday, November 25
DOLLAR-INDEX TECHS: 93.291-611 Support Region....>
US: DOLLAR-INDEX TECHS: 93.291-611 Support Region Key
*RES 4: 95.167 - Monthly High Oct 27
*RES 3: 95.025 - 2018 High May 29
*RES 2: 94.695 - Hourly resistance May 30
*RES 1: 94.450 - High June 1
*PRICE: 93.835 @ 0340GMT
*SUP 1: 93.660 - 21-DMA
*SUP 2: 93.611 - Low May 24
*SUP 3: 93.291 - Low May 22
*SUP 4: 92.841 - Alternating daily support/resistance
*COMMENTARY: The 93.611 support confirmed significance to start the new week
with the index bouncing from just ahead. Bulls now need a close above 94.450 to
end correction talk and initially focus on 2018 highs. The 93.291 support
remains key. Bears need a close below to confirm traction below the 21-DMA and
target a move back to 92.006-223 where the 200-DMA is noted. Correcting O/B
studies add weight to the bearish case and remain a concern for bulls.
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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.