Free Trial

Php51.200 Support Key *RES 4:......>

DOLLAR-PHP TECHS
DOLLAR-PHP TECHS: Php51.200 Support Key
*RES 4: Php51.850 - 2017 High Oct 27 
*RES 3: Php51.811 - Weekly Bollinger band top 
*RES 2: Php51.610 - Low Oct 30 now resistance 
*RES 1: Php51.500 - 2018 High Jan 30
*PRICE: Php51.295 @ 2300GMT
*SUP 1: Php51.250 - Low Jan 31 
*SUP 2: Php51.200 - High Jan 29 now support 
*SUP 3: Php50.950 - High Jan 26 now support 
*SUP 4: Php50.720 - Low Jan 25
*COMMENTARY: Bullish confidence grew with the gapping move higher Tuesday. O/B
daily studies and the Bollinger band top (Php51.514) remain concerns for bulls.
In saying that, bears still need a close below Php51.200 to ease bullish
pressure and below Php50.720 to shift focus back to key DMAs Php50.546-600 where
21, 55 & 200-DMAs are clustered. Bulls currently focus on 2017 highs which
Php51.200 supports.

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' }); });