Free Trial

Focus Returns To Sgd1.3000-04.....>

DOLLAR-SING TECHS
DOLLAR-SING TECHS: Focus Returns To Sgd1.3000-04
*RES 4: Sgd1.3214 - High Mar 5 
*RES 3: Sgd1.3188 - Bollinger band top 
*RES 2: Sgd1.3146 - Low Apr 6 now resistance 
*RES 1: Sgd1.3117 - High Apr 10
*PRICE: Sgd1.3112 @ 2300GMT
*SUP 1: Sgd1.3065 - Bollinger band base 
*SUP 2: Sgd1.3049 - Low Mar 27 
*SUP 3: Sgd1.3004 - 2018 Low Jan 25 
*SUP 4: Sgd1.3000 - Monthly Low Dec 16 2014
*COMMENTARY: Bulls failed gain traction above the 55-DMA (Sgd1.3155) with the
pair capped on approach to Sgd1.3214 courtesy of the Bollinger band top.
Monday's sell-off leaves the pair looking heavy with a close below Sgd1.3084
returning focus to Sgd1.3000-04. Bulls now need a close above Sgd1.3146 to gain
breathing room and above Sgd1.3214 to confirm initial focus on Sgd1.3248-84
where a LT bear channel top and 100-DMA are noted.

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' }); });