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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.
CZECHIA
- Global risk-off environment combined with USD strength has left Czech equities vulnerable in recent weeks, with the PX index still trading 10% below its all time high reached in early February.
- First support to watch on the downside stands at 1,320, which corresponds to the 38.2% Fibo retracement of the 1,215.20 – 1,489.80 range, followed by 1,280 (23.6% Fibo).
- On the topside, resistance to watch stands at 1,349.20 (200DMA), followed by 1,385/86, which corresponds to the 100DMA and the 61.8% Fibo (rejected a few times last month).
- EURCZK has been consolidating lower in the past two days after finding resistance at the 50DMA (24.7260); ST support to watch on the downside stands at 24.50. On the topside, resistance to watch stands at 25.0450 (200DMA).
Source: Bloomberg/MNI
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.
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