Free Trial

DOLLAR-INDEX TECHS: Gaining Traction Above.......>

US
US: DOLLAR-INDEX TECHS: Gaining Traction Above 55-DMA
*RES 4: 91.751 - Low Jan 2 now resistance 
*RES 3: 91.004 - High Jan 18 
*RES 2: 90.567 - High Feb 8 
*RES 1: 90.124 - High Feb 14
*PRICE: 89.885 @ 2030GMT
*SUP 1: 89.442 - High Feb 19 now support
*SUP 2: 88.960 - Low Feb 19
*SUP 3: 88.650 - Hourly support Feb 16
*SUP 4: 88.462 - Hourly resistance Feb 16 now support
*COMMENTARY: The close above the 55-DMA (89.587) eased bearish pressure with
above 91.751 needed to shift initial focus to 92.640 and overall focus to
94.219-95.149. Initial support is noted at 89.442 with bears needing a close
below to signal a false break of the 55-DMA and return focus to 87.202-627 where
the weekly bear channel base and Dec 2014 monthly low are situated. Weekly
studies are currently correcting from O/S.

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.