Free Trial

Marginal Close Above 55-DMA *RES...>

DOLLAR-MYR TECHS
DOLLAR-MYR TECHS: Marginal Close Above 55-DMA
*RES 4: Myr3.9830 - Alternating daily support/resistance 
*RES 3: Myr3.9690 - 200-WMA 
*RES 2: Myr3.9420 - High Jan 22 
*RES 1: Myr3.9252 - Bollinger band top
*PRICE: Myr3.9240 @ 2300GMT
*SUP 1: Myr3.9093 - 21-DMA 
*SUP 2: Myr3.8800 - Low Feb 2 
*SUP 3: Myr3.8630 - 2018 Low Jan 29 
*SUP 4: Myr3.8470 - 2016 Low Apr 13
*COMMENTARY: The first close above the 55-DMA (Myr3.9224) since early Nov,
albeit marginal, adds support to the bullish case. A close above Myr3.9420 is
still needed to hint at a move back to Myr3.9830 and above the 200-WMA to
confirm. The 21-DMA remains initial support. Bears need a close below the 21-DMA
to ease bullish pressure and return initial focus to Myr3.8630-8880 where 2018
lows are found.

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' }); });