MNI: US FEB FINAL MANUF PMI 52.2 (FLASH 51.5) PREV 50.7

MNI BRIEF: Fed's Barkin Not In Hurry To Make Cut Decision

MNI China Daily Summary: Friday, March 1

MNI BRIEF: PBOC To Support Foreign Visitors' Digital Payments

RPT-MNI POLICY: G20 CenBanks Worried By Optimistic Markets

(CORRECTED) MNI: IMF Not Expecting Persistent China Deflation

MNI: US JAN CONSTRUCT SPENDING -0.2%

MNI: US ISM FEB MANUF PURCHASING MANAGERS INDEX 47.8

MNI: Growth Drag From Net Zero Carbon Goal Can Be Offset-OECD

MNI BRIEF: Lawmakers Signal Tough Hearing For BOC's Macklem

MNI BRIEF:Macklem-Fiscal Policy Turning Unhelpful On CPI Fight

© 1982-2023 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

MNI US Morning FX Technical Analysis 

13 October 2017
By Kyle Shortland
Click below for today's MNI US Morning FX Technical Analysis Report -
http://tinyurl.com/jz5y37x
EURO-DOLLAR TECHS: $1.1795 Support Remains Key
*RES 4: $1.2033 High Sept 20 
*RES 3: $1.1880 High Oct 12 
*RES 2: $1.1870 Daily Bear channel top 
*RES 1: $1.1853 Hourly resistance Oct 12
*PRICE: $1.1833 @ 0930GMT
*SUP 1: $1.1795 Hourly support Oct 10 
*SUP 2: $1.1756 Hourly resistance Oct 9 now support 
*SUP 3: $1.1739 Hourly support Oct 10 
*SUP 4: $1.1716 Hourly resistance Oct 6 now support
*COMMENTARY: The break of the $1.1862 resistance has so far lacked follow
through with the pair capped around the daily bear channel top Thursday. The
$1.1795 support remains key today. Bears continue to look for a close below
$1.1795 to shift focus back to the $1.1583-1.1661 region. While $1.1795 supports
bulls look for a close above $1.1880 to shift focus to $1.2033-92 where 2017
highs are noted.
CABLE TECHS: Bulls Focused On 21-DMA
*RES 4: $1.3463 High Sept 27 
*RES 3: $1.3430 Hourly resistance Sept 29 
*RES 2: $1.3354 21-DMA 
*RES 1: $1.3343 Low Sept 28 now resistance
*PRICE: $1.3301 @ 0930GMT
*SUP 1: $1.3290 High Oct 12 now support 
*SUP 2: $1.3240 Hourly support Oct 12 
*SUP 3: $1.3179 Hourly resistance Oct 12 now support 
*SUP 4: $1.3121 Low Oct 12
*COMMENTARY: Bulls remain focused on the 21-DMA after the dip below the 55-DMA
($1.3145) was aggressively reversed for a relatively bullish close. Bulls need a
close above the 21-DMA to end bearish hopes, shifting immediate focus to
$1.3461-1.3514 and overall focus to $1.3656-1.3702 where 2017 highs and the bull
channel top are situated. Bears now need a close below $1.3240 to ease bullish
pressure and below $1.3121 to focus on $1.2995-1.3030.
DOLLAR-YEN TECHS: 200-DMA Support Key
*RES 4: Y113.18 Hourly support Oct 6 now resistance 
*RES 3: Y112.89 Hourly resistance Oct 6 
*RES 2: Y112.58 High Oct 11 
*RES 1: Y112.31 Hourly resistance Oct 12
*PRICE: Y112.12 @ 0930GMT
*SUP 1: Y111.81 200-DMA 
*SUP 2: Y111.48 Low Sept 25 
*SUP 3: Y111.13 100-DMA 
*SUP 4: Y110.72 55-DMA
*COMMENTARY: Bulls failed to capitalise on the bounce from 21 & 200-DMAs Tuesday
with focus having returned to the 200-DMA. Bears need a close below the 200-DMA
to pressure Y111.48 and below this level to shift focus to 55 (Y110.72) & 100
(111.13) DMAs. Below the 55-DMA hints at a move back to 2017 lows with below
Y109.52 to confirm. Bulls continue to look for a close above Y112.89 to shift
immediate focus back to Y113.44-70.
DOLLAR-CAD TECHS: TECHS: Close Below $1.2418 To Target C$1.2232
*RES 4: C$1.2680 - Daily Bull channel top 
*RES 3: C$1.2662 - High Aug 31 
*RES 2: C$1.2594 - High Oct 9 
*RES 1: C$1.2490 - High Oct 12
*PRICE: C$1.2470 @ 0930GMT
*SUP 1: C$1.2427 - 21-DMA 
*SUP 2: C$1.2421 - Daily Bull channel base 
*SUP 3: C$1.2418 - Lows Sept 28 & 29 
*SUP 4: C$1.2232 - Low Sept 20
*COMMENTARY: The pair remains heavy with pressure having returned to layers of
support C$1.2418-27 where the daily bull channel base and 21-DMA are situated.
Bears now look for a close below C$1.2418 to end bullish hopes and shift
immediate focus to tests of the C$1.2232 Sept 20 low. Momentum has corrected
back to more neutral levels increasing the significance of the supports. Bulls
now need a close above C$1.2490 to ease bearish pressure.
EURO-YEN TECHS: Y133.49 Resistance Confirms Significance
*RES 4: Y133.49 Hourly resistance Sept 25 & High Oct 12
*RES 3: Y133.27 Hourly resistance Oct 12
*RES 2: Y132.95 Hourly resistance Oct 13
*RES 1: Y132.72 Hourly support Oct 13
*PRICE: Y132.63 @ 0930GMT
*SUP 1: Y132.20 Hourly support Oct 13 
*SUP 2: Y131.97 Hourly support Oct 9
*SUP 3: Y131.74 Low Sept 26 
*SUP 4: Y131.13 55-DMA
*COMMENTARY: Y133.49 confirmed significance having capped Thursday with the
sell-off now seeing bears focused on Y131.74. Bears look for a close below this
level to pressure the 55-DMA (Y131.13). Bulls now need a close above Y132.95 to
gain breathing room and above Y133.49 to shift focus to Y134.25-59 where 2017
and monthly highs are situated. Narrowing Bollinger bands suggest a breakout in
the near future.
EURO-STERLING TECHS: Bears Need Close Below 21-DMA
*RES 4: Gbp0.9010 55-DMA
*RES 3: Gbp0.8987 Hourly support Oct 12 now resistance
*RES 2: Gbp0.8948 Alternating hourly support/resistance
*RES 1: Gbp0.8931 Hourly resistance Oct 13
*PRICE: Gbp0.8890 @ 0930GMT
*SUP 1: Gbp0.8857 21-DMA 
*SUP 2: Gbp0.8801 Low Oct 2 
*SUP 3: Gbp0.8744 200-DMA 
*SUP 4: Gbp0.8717 Low June 16
*COMMENTARY: The excursion into the Gbp0.8992-0.9045 resistance region lacked
follow through with the pair rejected ahead of Gbp0.9048. The sell-off leaves
the pair looking heavy and focus on the 21-DMA. Bears look for a close below the
21-DMA to end bullish hopes and target Gbp0.8717-57. Bulls now need a close
above Gbp0.8948 to gain breathing room and above Gbp0.8987 to return focus to
Gbp0.9012-44. Correcting O/B studies add weight to the bearish case.
SPOT GOLD TECHS: $1277.6-1284.5 Support Region Key
*RES 4: $1334.8 - High Sept 13 
*RES 3: $1320.0 - High Sept 18 
*RES 2: $1313.6 - High Sept 26 
*RES 1: $1297.3 - High Oct 12
*PRICE: $1296.1 @ 0930GMT
*SUP 1: $1289.6 - Low Oct 12 
*SUP 2: $1284.5 - Low Oct 11 
*SUP 3: $1277.6 - Hourly resistance Oct 6 now support 
*SUP 4: $1270.7 - Hourly support Oct 6
*COMMENTARY: The break of $1296.4 has so far lacked follow through which is less
than ideal for bulls who are now targeting $1313.6-1320.0. A close above $1320.0
is needed to shift focus to $1357.5 Sept highs. Support layers are building with
bears now needing a close below $1284.5 to confirm an easing of bullish pressure
and below $1277.6 to shift focus back to $1243.1-1260.5 where the 200-DMA and
bull channel base are situated.
--MNI Beijing Bureau; tel: +44 207-862-7435; email: kyle.shortland@mni-news.com
[TOPICS: MTABLE]
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_TASKS_QUEUE.push(function(){

    
        window.dataLayer.push({
    'event' : 'logedout',
    'loggedOut' : 'loggedOut'
  });
    

});

window.REBELMOUSE_TASKS_QUEUE.push(function(){

    
        (function appendPosts () {  
    var policyPosts = document.getElementsByClassName('policy-posts-wrapper')[0];
    var policyPostsMenu = document.querySelector('.policy-posts-span');
    policyPostsMenu.append(policyPosts);
    policyPosts.style.display = "block";
  
    var empolicyPosts = document.getElementsByClassName('em-policy-posts-wrapper')[0];
    var empolicyPostsMenu = document.querySelector('.em-policy-posts-span');
    empolicyPostsMenu.append(empolicyPosts);
    empolicyPosts.style.display = "block";

    var dataPosts = document.getElementsByClassName('data-posts-wrapper')[0];
    var dataPostsMenu = document.querySelector('.data-posts-span');
    dataPostsMenu.append(dataPosts);
    dataPosts.style.display = "block";
})();
    

});

window.REBELMOUSE_TASKS_QUEUE.push(function(){

    
        document.querySelectorAll(".my-mni").forEach(function(item){
  item.href="/core/users/email_login/";
  item.innerHTML="Log In";
})
    

});

window.REBELMOUSE_TASKS_QUEUE.push(function(){

    
        document.querySelector('.signup-form').addEventListener('submit', () => {
  window.dataLayer = window.dataLayer || [];
  dataLayer.push({
    'event' : 'submission_click',
    'event_category': "Sign Up Button Clicks",
     'event_label': "Posts" 
  });  
  
})
    

});

window.REBELMOUSE_TASKS_QUEUE.push(function(){

    
        REBELMOUSE_STDLIB.createElementChangeListener('.signup-form.authentication--form',function(item){
  item.onsubmit=function(e){
    ga('b.send', 'event', {eventCategory: 'Signup', eventAction: 'CompletedForm', eventLabel:'pageTitle', eventValue:15});
    window.dataLayer = window.dataLayer || [];
    dataLayer.push({
      'event' : 'signup_click',
      'event_category': "Signup",
      'event_action': 'CompletedForm',
       'event_label': 'pageTitle',
      'event_value': 15
    });  
  }
})
    

});

window.REBELMOUSE_TASKS_QUEUE.push(function(){

    
        document.querySelectorAll("img").forEach(function (img) {
    img.addEventListener("contextmenu", function (e) {
      return false;
    });
  });
  document
    .querySelector(".site-logo img")
    .addEventListener("contextmenu", function (e) {
      return true;
    });
    

});

window.REBELMOUSE_TASKS_QUEUE.push(function(){

    
        document.querySelector('.signup-form').addEventListener('submit', () => {
  window.dataLayer = window.dataLayer || [];
  dataLayer.push({
    'event' : 'submission_click',
    'event_category': "Sign Up Button Clicks",
     'event_label': "Posts" 
  });  
  
})
    

});

window.REBELMOUSE_TASKS_QUEUE.push(function(){

    
        REBELMOUSE_STDLIB.createElementChangeListener('.signup-form.authentication--form',function(item){
  item.onsubmit=function(e){
    ga('b.send', 'event', {eventCategory: 'Signup', eventAction: 'CompletedForm', eventLabel:'pageTitle', eventValue:15});
    window.dataLayer = window.dataLayer || [];
    dataLayer.push({
      'event' : 'signup_click',
      'event_category': "Signup",
      'event_action': 'CompletedForm',
       'event_label': 'pageTitle',
      'event_value': 15
    });  
  }
})
    

});

window.REBELMOUSE_TASKS_QUEUE.push(function(){

    
        
  let posts = document.querySelectorAll(".all-content-wrapper .widget:not(.stream-story-processed)");
  window.check_story_posts(posts, "streamOfPosts");
    

});

window.REBELMOUSE_LOW_TASKS_QUEUE.push(function(){

    
        function populateInputsWithAPAPI(c) {
  document.querySelectorAll('.signup-form input[name="country"]').forEach(el => {
	el.setAttribute("value", c.country_name);
  });
  document.querySelectorAll('.signup-form .country_name').forEach(el => {
	el.setAttribute("value", c.country_name);
  });

  let country_code =
    c && c.country_code ? c.country_code.toLowerCase() : "auto";
  document.querySelectorAll('.signup-form .country_code').forEach(el => {
	el.setAttribute("value", country_code);
  });
  document.querySelectorAll('.signup-form .selected_country').forEach(el => {
	el.setAttribute("value", country_code);
  });
}

const fetch = function (err, res) {
  var r = new XMLHttpRequest();
  r.open("GET", err, !0),
    (r.responseType = "json"),
    (r.onload = function () {
      var err = r.status;
      res(200 === err ? null : err, r.response);
    }),
    r.send();
};

function setupCountry() {
  if (window.preventDuplicateExec) {
    return;
  }
  window.preventDuplicateExec = true;

  window.REBELMOUSE_STDLIB.onElementInViewport({
    threshold: 0,
    firstOnly: true,
    oneTime: true,
    selector: ".signup-form",
    onIntersect: (entry) => {
      // when you need to get access to that data you call it in that way:
      let ipapiData = localStorage.getItem("ipapiData");
      if (!ipapiData) {
        fetch("https://ipapi.co/json/", function (err, ipData) {
          console.log("populating inputs with data from IP API ");
          localStorage.setItem("ipapiData", JSON.stringify(ipData));
          populateInputsWithAPAPI(ipData);
        });
      } else {
        console.log(
          "populating inputs with data from IP API data stored in local storage"
        );
        populateInputsWithAPAPI(JSON.parse(ipapiData));
      }
    },
  });
}

setupCountry();
    

});

window.REBELMOUSE_LOW_TASKS_QUEUE.push(function(){

    
        /*
const sidebar = document.querySelector('.left-sidebar-container');
const stickyContent = document.querySelector('.sticky-content');
const siteContent = document.querySelector('.all-posts-stream');
if (sidebar && stickyContent && siteContent) {
  if (siteContent.clientHeight > sidebar.clientHeight) {
    console.log('grater -> ', siteContent.clientHeight + ' > ' + sidebar.clientHeight);
    stickyContent.style.height = (siteContent.clientHeight - sidebar.clientHeight) + 'px';
  }
}
*/
    

});

window.REBELMOUSE_LOW_TASKS_QUEUE.push(function(){

    
        function populateInputsWithAPAPI(c) {
  document.querySelectorAll('.signup-form input[name="country"]').forEach(el => {
	el.setAttribute("value", c.country_name);
  });
  document.querySelectorAll('.signup-form .country_name').forEach(el => {
	el.setAttribute("value", c.country_name);
  });

  let country_code =
    c && c.country_code ? c.country_code.toLowerCase() : "auto";
  document.querySelectorAll('.signup-form .country_code').forEach(el => {
	el.setAttribute("value", country_code);
  });
  document.querySelectorAll('.signup-form .selected_country').forEach(el => {
	el.setAttribute("value", country_code);
  });
}

const fetch = function (err, res) {
  var r = new XMLHttpRequest();
  r.open("GET", err, !0),
    (r.responseType = "json"),
    (r.onload = function () {
      var err = r.status;
      res(200 === err ? null : err, r.response);
    }),
    r.send();
};

function setupCountry() {
  if (window.preventDuplicateExec) {
    return;
  }
  window.preventDuplicateExec = true;

  window.REBELMOUSE_STDLIB.onElementInViewport({
    threshold: 0,
    firstOnly: true,
    oneTime: true,
    selector: ".signup-form",
    onIntersect: (entry) => {
      // when you need to get access to that data you call it in that way:
      let ipapiData = localStorage.getItem("ipapiData");
      if (!ipapiData) {
        fetch("https://ipapi.co/json/", function (err, ipData) {
          console.log("populating inputs with data from IP API ");
          localStorage.setItem("ipapiData", JSON.stringify(ipData));
          populateInputsWithAPAPI(ipData);
        });
      } else {
        console.log(
          "populating inputs with data from IP API data stored in local storage"
        );
        populateInputsWithAPAPI(JSON.parse(ipapiData));
      }
    },
  });
}

setupCountry();
    

});