Free Trial

Focus Back on 2018 Low *RES 4:.....>

DOLLAR-MYR TECHS
DOLLAR-MYR TECHS: Focus Back on 2018 Low
*RES 4: Myr3.9723 - 200-WMA 
*RES 3: Myr3.9420 - High Jan 22 
*RES 2: Myr3.9250 - High Mar 16 
*RES 1: Myr3.9000 - Low Mar 22 now resistance
*PRICE: Myr3.8755 @ 2300GMT
*SUP 1: Myr3.8630 - 2018 Low Jan 29 
*SUP 2: Myr3.8470 - 2016 Low Apr 13 
*SUP 3: Myr3.8180 - High July 30 2015 now support 
*SUP 4: Myr3.7795 - Low July 10 2015
*COMMENTARY: Bulls failed to capitalise on the marginal close above the 55-DMA
(Myr3.9150) with the Bollinger top (Myr3.9291) limiting follow through. The pair
remains heavy with losses defining the week so far and immediate pressure back
on the 2018 lows. Bears look for a close below Myr3.8630 to initially target
2016 lows and then the Myr3.7795-3.8181 region last seen in July 2015. Bulls now
need a close above Myr3.9000 to ease bearish pressure.

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' }); });