Free Trial

DOLLAR-INDEX TECHS: Focus On Weekly Bear.........>

US
US: DOLLAR-INDEX TECHS: Focus On Weekly Bear Channel Base
*RES 4: 90.567 - High Feb 8 
*RES 3: 90.177 - High Feb 13 
*RES 2: 89.647 - Hourly support Feb 14 now resistance 
*RES 1: 89.429 - Hourly resistance Feb 14
*PRICE: 88.937 @ 0330GMT
*SUP 1: 88.438 - 2018 Low Jan 25
*SUP 2: 87.627 - Monthly Low Dec 16 2014
*SUP 3: 87.202 - Weekly Bear channel base
*SUP 4: 86.879 - Low Nov 4 2014
*COMMENTARY: The index remains heavy having failed to break above last week's
highs with immediate focus now back on 2018 lows and then the weekly bear
channel base (87.202). Daily studies are well placed for further losses. Bulls
now need a close above 89.647 to gain breathing room and above 90.567 to hint at
a move to 91.526-751.

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.