Free Trial

Looking For Weekly Close Below.....>

DOLLAR-CNH TECHS
DOLLAR-CNH TECHS: Looking For Weekly Close Below 100-WMA
*RES 4: Cnh6.7325 - 21-DMA 
*RES 3: Cnh6.7154 - Low Aug 1 now resistance 
*RES 2: Cnh6.7010 - Low Aug 8 now resistance 
*RES 1: Cnh6.6879 - Low Oct 5 now resistance
*PRICE: Cnh6.6672 @ 2300GMT
*SUP 1: Cnh6.6633 - Low Sept 20 
*SUP 2: Cnh6.6413 - Monthly Low Sept 16 
*SUP 3: Cnh6.6216 - Low July 29 2016 
*SUP 4: Cnh6.6152 - High June 15 2016 now support
*COMMENTARY: Bears now look for a weekly close below the 100-WMA(Cnh6.773) to
confirm a break and focus on layers of support Cnh6.6152-6413. The last weekly
close below the 100-WMA was seen in late Nov 2014. Fresh 2017 and 10mth lows
continue with the Bollinger base (Cnh6.6774) the key concern for bears with
potential to limit follow through. Bulls now need a close above Cnh6.7010 to
ease immediate bearish pressure.

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' }); });