Free Trial

DOLLAR-INDEX TECHS: Bulls Need Close Above.......>

US
US: DOLLAR-INDEX TECHS: Bulls Need Close Above 55-DMA
*RES 4: 94.178 - Hourly resistance Nov 14 
*RES 3: 93.962 - High Nov 22 
*RES 2: 93.542 - 55-DMA 
*RES 1: 93.458 - 100-DMA
*PRICE: 93.304 @ 2030GMT
*SUP 1: 92.827 - Low Nov 28
*SUP 2: 92.496 - Low Nov 27
*SUP 3: 91.781 - Low Sept 22
*SUP 4: 91.526 - Low Oct 19
*COMMENTARY: Closes below the 55-DMA & 100-DMA resulted in a marginal break of
92.724 but follow through has been lacking. Bulls take comfort in the correction
back towards the 55-DMA but need a close above to shift initial focus to
94.068-165 where the 21-DMA (94.068) is located. While the 55-DMA caps bears
remain focused on 91.011-781 where 2017 lows are situated. Correcting O/S
studies are the key concern for bears and increase correction risk.

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.