Free Trial

Flirting With 200-DMA *RES 4:......>

DOLLAR-THB TECHS
DOLLAR-THB TECHS: Flirting With 200-DMA
*RES 4: Thb32.58 - 2018 High Jan 2 
*RES 3: Thb32.39 - Low Jan 2 now support 
*RES 2: Thb32.20 - High June 13 
*RES 1: Thb32.18 - Bollinger band top
*PRICE: Thb32.12 @ 2300GMT
*SUP 1: Thb32.04 - 21-DMA 
*SUP 2: Thb31.92 - Low June 11 
*SUP 3: Thb31.82 - Low May 28 
*SUP 4: Thb31.75 - Low May 14
*COMMENTARY: Bulls gain confidence as pressure returns to the 200-DMA this week.
Bulls now look for a close above Thb32.20 to confirm a break of the 200-DMA and
shift immediate focus to Thb32.39-58 and overall focus to Thb32.92. Layers of
support remain with bears needing a close below the 21-DMA to ease pressure on
the 200-DMA and below Thb31.75 to see focus return to Thb31.54-69 where 55 &
100-DMAs are situated.

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.
}); window.REBELMOUSE_ACTIVE_TASKS_QUEUE.push(function(){ window.dataLayer.push({ 'event' : 'logedout', 'loggedOut' : 'loggedOut' }); });