Free Trial

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

US: DOLLAR-INDEX TECHS: Bulls Need Close Above 94.219
*RES 4: 94.650 - High Nov 10 
*RES 3: 94.286 - Bollinger band top 
*RES 2: 94.219 - Monthly High Dec 12 
*RES 1: 94.188 - 2018 High May 23
*PRICE: 93.911 @ 0430GMT
*SUP 1: 93.734 - High May 22 now support
*SUP 2: 93.291 - Low May 22
*SUP 3: 93.051 - Hourly support May 15
*SUP 4: 92.841 - Alternating daily support/resistance
*COMMENTARY: Fresh 2018 highs lack follow through which is less than ideal with
daily studies lingering around O/B levels. Bulls now need a close above 94.219
to reconfirm a bullish bias and retain focus on the 200-WMA (94.784). Initial
support is now noted at 93.734 with bears needing a close below to gain
breathing room and below 92.841 now to shift initial focus back to 91.957-92.223
where the 200-DMA is noted.

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.