Free Trial

Php51.400-639 Support Remains......>

DOLLAR-PHP TECHS
DOLLAR-PHP TECHS: Php51.400-639 Support Remains Key
*RES 4: Php52.850 - Monthly High July 18 2006 
*RES 3: Php52.560 - Low July 18 2006 now resistance 
*RES 2: Php52.501 - 2018 High Feb 19 
*RES 1: Php52.380 - High Feb 20
*PRICE: Php51.957 @ 2300GMT
*SUP 1: Php51.639 - Low Feb 23 
*SUP 2: Php51.400 - Low Feb 9 
*SUP 3: Php51.157 - 55-DMA 
*SUP 4: Php51.030 - Low Feb 7
*COMMENTARY: Bulls take comfort in support emerging on dips with the
Php51.400-639 support region key. Bears need a close below Php61.639 to confirm
an easing of bullish pressure and below Php51.400 to confirm a shift in
immediate focus back to Php50.607-51.157 where key DMAs are clustered. Bulls
still need a close above 2018 highs to reconfirm a bullish bias and target
Php52.850 July 2006 monthly highs.

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' }); });