Free Trial

Immediate Focus On.................>

DOLLAR-WON TECHS
DOLLAR-WON TECHS: Immediate Focus On Krw1031.0-1045.6
*RES 4: Krw1076.0 - High Dec 28
*RES 3: Krw1073.3 - High Jan 11
*RES 2: Krw1066.6 - 21-DMA
*RES 1: Krw1062.2 - Low Jan 16 now resistance
*PRICE: Krw1063.9 @ 2300GMT
*SUP 1: Krw1057.9 - Low Jan 25
*SUP 2: Krw1045.6 - Monthly Low Oct 29 2014
*SUP 3: Krw1034.0 - Daily Bear channel base
*SUP 4: Krw1031.0 - Low Sept 17 2014
*COMMENTARY: Bulls failed to take out the Krw1076.0 resistance needed to confirm
a break of the 21-DMA and bear channel top (Krw1069.7), shifting immediate focus
to Krw1082.5-1082.8 where the 55-DMA is located. Fresh 2018 and 3+yr lows
reconfirmed the bearish bias with focus currently on Krw1031.0-1045.6 where the
daily bear channel base is noted. Daily studies are well placed for further
losses. Bulls need a close above Krw1076.0.

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' }); });