Free Trial

Focus Shifts To Php52.940-53.071...>

DOLLAR-PHP TECHS
DOLLAR-PHP TECHS: Focus Shifts To Php52.940-53.071
*RES 4: Php53.071 - High July 3 2006 
*RES 3: Php52.940 - High July 25 2006 
*RES 2: Php52.597 - 2018 High May 14 
*RES 1: Php52.537 - Bollinger band top
*PRICE: Php51.973 @ 2300GMT
*SUP 1: Php52.300 - Low May 14 
*SUP 2: Php51.170 - Alternating daily support/resistance 
*SUP 3: Php52.056 - High May 10 now resistance 
*SUP 4: Php52.037 - 55-DMA
*COMMENTARY: Gains continued Monday with fresh 2018 & 12yr highs now seeing
bulls focused on Php52.94-53.071 where levels last seen in July 2006 are found.
The Bollinger top and O/B studies remain key concerns for bulls. In saying that,
bears now need a close below Php52.30 to ease bullish pressure and shift initial
focus back to Php52.021-038 where 21 & 55-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' }); });