Free Trial

(H18) Downside Follow Through..........>

SCHATZ TECHS
SCHATZ TECHS: (H18) Downside Follow Through Lacking
*RES 4: 111.970 55-DMA 
*RES 3: 111.950 High Jan 23 
*RES 2: 111.925 High Feb 13 
*RES 1: 111.895 Low Feb 13 now resistance
*PREVIOUS CLOSE: 111.870
*SUP 1: 111.840 Low Feb 15 
*SUP 2: 111.835 Low Feb 9 
*SUP 3: 111.800 Low Feb 8 
*SUP 4: 111.785 Hourly support Jan 29
*COMMENTARY: H18 is again looking heavy although the lack of follow through
below the 21-DMA (111.87) is a concern. Bears now need a close below 111.835 to
reconfirm focus on tests of 2018 lows with overall focus then reconfirmed on the
200-WMA (111.639). Bulls now need a close above the 55-DMA to hint at a shift
higher in focus and above 112.035 to target 112.24 Dec highs.

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.