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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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Free AccessFocus Shifts To Php51.966-52.161...>
DOLLAR-PHP TECHS: Focus Shifts To Php51.966-52.161
*RES 4: Php52.940 - High July 25 2006
*RES 3: Php52.773 - 2018 High May 30
*RES 2: Php52.732 - Bollinger band top
*RES 1: Php52.489 - High June 6
*PRICE: Php52.340 @ 2300GMT
*SUP 1: Php52.161 - 55-DMA
*SUP 2: Php52.064 - Daily Bull channel base off 2018 Low
*SUP 3: Php52.056 - High May 10 now support
*SUP 4: Php51.983 - 100-DMA
*COMMENTARY: The marginal closes below the 21-DMA (Php52.403) ease bullish
pressure and see focus back on Php51.9983-52.161 where 55 & 100-DMAs and the
bull channel base of 2018 lows are situated. Below the 100-DMA then initially
targets Php51.385-715 where the 200-DMA is noted. Bulls now look for a close
above Php52.489 to signal a false break and return focus to Php53.940-53.071
last seen in July 2006.
To read the full story
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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.