Free Trial

Myr3.9620 Support Key *RES 4:......>

DOLLAR-MYR TECHS
DOLLAR-MYR TECHS: Myr3.9620 Support Key
*RES 4: Myr4.0450 - Monthly Low Dec 5 now resistance 
*RES 3: Myr4.0246 - 200-DMA 
*RES 2: Myr4.0140 - High Jan 10 
*RES 1: Myr4.0131 - 200-WMA
*PRICE: Myr3.9835 @ 2300GMT
*SUP 1: Myr3.9783 - 21-DMA 
*SUP 2: Myr3.9620 - Low May 22 
*SUP 3: Myr3.9400 - Low May 14 
*SUP 4: Myr3.9250 - High Mar 16 now support
*COMMENTARY: The 21-DMA has supported the past couple of weeks resulting in a
break of Myr3.9930 and bulls focusing on Myr4.0131-0246 where 200-DMA and WMAs
are situated. Daily studies have room to move before O/B is an issue although
the Bollinger top (Myr3.9926) limits follow through. Bears continue to look for
a close below Myr3.9620 to confirm a break of the 21-DMA, easing bullish
pressure, and below the 100-DMA (Myr3.9202) to hint at a move back to 2018 lows.

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' }); });