Free Trial

Focus Back on 2017 Low *RES 4:.....>

DOLLAR-THB TECHS
DOLLAR-THB TECHS: Focus Back on 2017 Low
*RES 4: Thb33.54 - High Oct 3 
*RES 3: Thb33.39 - 100-DMA, Bollinger band top 
*RES 2: Thb33.35 - High Oct 27 
*RES 1: Thb33.27 - Daily Bear channel top
*PRICE: Thb33.13 @ 2300GMT
*SUP 1: Thb33.01 - 2017 Low Sept 7 & 8, Oct 16 
*SUP 2: Thb33.00 - Bollinger band base 
*SUP 3: Thb32.98 - Monthly Low May 1 2015 
*SUP 4: Thb32.52 - Low Apr 27 2015
*COMMENTARY: The break of Thb33.25 has lacked follow through with recent topside
hesitation resulting in a break of Thb33.10 with immediate focus returned to the
2017 low. Overall bears need a close below Thb32.98 to shift focus to Thb32.52.
Bulls now need a close above the 100-DMA to ease bearish pressure and above
Thb33.54 to hint at a move back to Thb33.77-34.01 where the 200-DMA is 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' }); });