Free Trial

Hesitating Around 200-WMA *RES.....>

DOLLAR-MYR TECHS
DOLLAR-MYR TECHS: Hesitating Around 200-WMA
*RES 4: Myr4.0450 - Monthly Low Dec 5 now resistance 
*RES 3: Myr4.0260 - High Jan 3 
*RES 2: Myr4.0050 - 200-WMA 
*RES 1: Myr3.9870 - High May 24
*PRICE: Myr3.9800 @ 2300GMT
*SUP 1: Myr3.9620 - Low May 22 
*SUP 2: Myr3.9573 - 21-DMA 
*SUP 3: Myr3.9400 - Low May 14 
*SUP 4: Myr3.9250 - High Mar 16 now support
*COMMENTARY: Fresh 4mth highs were noted last Thursday with immediate focus on
the 200-WMA. Bulls need a close above the 200-WMA to initially target the
200-DMA (Myr4.0415). Modestly O/B daily studies remain a concern for bulls as
does the Bollinger top (Myr3.9937). Bears now need a close below the 21-DMA to
ease bullish pressure and below the 55-DMA (Myr3.9158) to hint at a move back to
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' }); });