Free Trial

Immediate Focus On 200-DMA *RES....>

DOLLAR-IDR TECHS
DOLLAR-IDR TECHS: Immediate Focus On 200-DMA
*RES 4: Idr13551 - 21-DMA 
*RES 3: Idr13541 - 55-DMA 
*RES 2: Idr13504 - High Jan 3 
*RES 1: Idr13480 - High Jan 4
*PRICE: Idr13422 @ 2300GMT
*SUP 1: Idr13410 - Low Jan 4 
*SUP 2: Idr13393 - 200-DMA 
*SUP 3: Idr13384 - 55-WMA 
*SUP 4: Idr13380 - High Sept 26 now support
*COMMENTARY: Losses have defined the new year so far with bears currently
focused on the 200-DMA. Bears look for a close below the 200-DMA to add weight
to the case for a move back to Idr13135 2017 lows. The Bollinger base (Idr13476)
is the key concern for bears with potential to limit follow through. Bulls now
need a close above Idr13504 to ease bearish pressure and above IDr13565 to shift
focus back to 2017 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.
}); window.REBELMOUSE_ACTIVE_TASKS_QUEUE.push(function(){ window.dataLayer.push({ 'event' : 'logedout', 'loggedOut' : 'loggedOut' }); });