Free Trial

DOLLAR-INDEX TECHS: Bulls Focused on 200-WMA.....>

US
US: DOLLAR-INDEX TECHS: Bulls Focused on 200-WMA
*RES 4: 94.814 - Daily Bull channel top 
*RES 3: 94.786 - 200-WMA 
*RES 2: 94.219 - Monthly High Dec 12 
*RES 1: 94.163 - Bollinger band top
*PRICE: 93.782 @ 0340GMT
*SUP 1: 93.340 - Low May 18
*SUP 2: 93.051 - Hourly support May 15
*SUP 3: 92.841 - Alternating daily support/resistance
*SUP 4: 92.551 - Hourly support May 14
*COMMENTARY: Support emerging on dips back towards the 200-DMA provided the
impetus for fresh 2018 highs with bulls now focused on 94.219-814 where the
200-WMA is noted. O/B studies remain a concern for bulls. Bears now need a close
below 93.340 to ease bullish pressure and below the 200-DMA (91.954) to hint at
a move back to 90.581-859 where 55 & 100-DMAs are situated.

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.