Free Trial

Myr4.2664 & Myr4.3087 Levels.......>

DOLLAR-MYR TECHS
DOLLAR-MYR TECHS: Myr4.2664 & Myr4.3087 Levels Remain Key
*RES 4: Myr4.3270 - High June 28 
*RES 3: Myr4.3223 - 100-DMA 
*RES 2: Myr4.3087 - High July 10 
*RES 1: Myr4.2969 - Bollinger band top
*PRICE: Myr4.2941 @ 2100GMT
*SUP 1: Myr4.2704 - Bollinger band base 
*SUP 2: Myr4.2700 - Low Aug 11 
*SUP 3: Myr4.2664 - Low July 19 
*SUP 4: Myr4.2465 - 2017 Low June 20
*COMMENTARY: Hesitation ahead of the Myr4.3087 resistance is less than ideal for
bulls who look for a close above this level to shift immediate focus to
Myr4.3250-3270 where the 100-DMA is situated. Layers of support remain with
bears now needing a close below Myr4.2664 is needed to confirm focus on 2017
lows. Bollinger bands are currently the key concern for bulls and bears with
potential to limit follow through.

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' }); });