Free Trial

Php50.900 & Php51.250 Levels Now...>

DOLLAR-PHP TECHS
DOLLAR-PHP TECHS: Php50.900 & Php51.250 Levels Now Key
*RES 4: Php51.700 - High Aug 3 2006 
*RES 3: Php51.630 - 2017 High Aug 18 
*RES 2: Php51.390 - Low Aug 18 now resistance 
*RES 1: Php51.250 - High Sept 4
*PRICE: Php50.930 @ 2300GMT
*SUP 1: Php50.900 - Lows Aug 11 & 14 
*SUP 2: Php50.840 - High July 25 now support 
*SUP 3: Php50.714 - 55-DMA 
*SUP 4: Php50.680 - High Aug 9 now support
*COMMENTARY: The Php51.250 resistance remains key as the pair looks to be
gaining traction below the 21-DMA (Php51.050). Bulls need a close above
Php51.250 to ease bearish pressure and above Php51.390 to reconfirm focus on
tests of Php51.630-700 where 2017 highs are located. Bears continue to look for
a close below Php50.90 to confirm a shift in immediate focus to Php50.485-714
where the bull channel base and 55-DMA are located.

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' }); });