Free Trial

DOLLAR-INDEX TECHS: Bears Need Close Below.......>

US: DOLLAR-INDEX TECHS: Bears Need Close Below 94.028
* Fresh 2018 & 12mth highs lacked follow through this week with hesitation
around the 100-WMA continuing. 
* Bulls continue to look for a close above the 100-WMA (95.544) to target
96.617. The 94.028 support remains key. 
* Bears need a close below this level to confirm traction below the 21-DMA
(94.568) and bull channel base (94.658) and to shift initial focus back to
93.193-630 where the 55-DMA is located.

To read the full story



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.