Free Trial

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

US
US: DOLLAR-INDEX TECHS: Bulls Need Close Above 94.219
*RES 4: 94.260 - Bollinger band top 
*RES 3: 94.219 - Monthly High Dec 12 
*RES 2: 94.188 - 2018 High May 23 
*RES 1: 93.978 - High May 24
*PRICE: 93.774 @ 2130GMT
*SUP 1: 93.291 - Low May 22
*SUP 2: 93.051 - Hourly support May 15
*SUP 3: 92.873 - 21-DMA
*SUP 4: 92.841 - Alternating daily support/resistance
*COMMENTARY: The lack of topside follow through on recent 2018 highs remains a
concern this week and leaves the index looking heavy heading into Friday. Daily
studies correcting from O/B remain a concern for bulls. Bulls need a close above
94.219 to reconfirm a bullish bias and retain focus on the 200-WMA (94.784).
Bears now need a close below 93.291 to shift initial focus back to 91.956-92.873
where 21 & 200-DMAs are noted.

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.