Free Trial

Hesitating Ahead Of 21-DMA *RES....>

DOLLAR-MYR TECHS
DOLLAR-MYR TECHS: Hesitating Ahead Of 21-DMA
*RES 4: Myr3.9850 - High Jan 12 
*RES 3: Myr3.9689 - High Jan 18 
*RES 2: Myr3.9491 - High Jan 22 
*RES 1: Myr3.9363 - 21-DMA
*PRICE: Myr3.9070 @ 2300GMT
*SUP 1: Myr3.8820 - Low Feb 2 
*SUP 2: Myr3.8670 - 2018 Low Jan 29 
*SUP 3: Myr3.8470 - 2016 Low Apr 13 
*SUP 4: Myr3.8180 - High July 30 2015 now support
*COMMENTARY: Recent 2018 & 2yr lows lacked follow through which is a concern for
bears given daily studies correcting from O/S. Immediate pressure has returned
to the 21-DMA with bulls now needing a close above Myr3.9491 to confirm a break
and hint at a move back to Myr4.0200-0450 where the 55-DMA (Myr4.0235) is
located. While Myr3.9491 caps bears remain focused on retests of 2018 lows.

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' }); });