Free Trial

Php52.773-53.147 Support Region....>

DOLLAR-PHP TECHS
DOLLAR-PHP TECHS: Php52.773-53.147 Support Region Key
*RES 4: Php54.325 - High Dec 2 2005 
*RES 3: Php53.990 - 2006 High June 16 
*RES 2: Php53.620 - High June 29 2006 
*RES 1: Php53.513 - 2018 High June 18
*PRICE: Php53.283 @ 2300GMT
*SUP 1: Php53.147 - High June 12 now support 
*SUP 2: Php52.945 - Low June 12 
*SUP 3: Php52.773 - High May 30 now support 
*SUP 4: Php52.490 - Low June 8
*COMMENTARY: Recent topside hesitation has put an end to fresh 2018 and 12yr
highs for the moment despite bulls remaining focused on Php53.620-990 where
levels last seen in June 2006 are located. Daily studies at O/B remains an issue
as does the Bollinger top (Php53.624) which limits follow through. Initial
support is noted at Php53.147 with bears needing a close below to gain breathing
room and below Php52.773 to shift focus to Php52.056-490.

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' }); });