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Why MNI
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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.
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Free Access###POV US DOLLAR-INDEX: Stumbling At The.........>
US: ###POV US DOLLAR-INDEX: Stumbling At The 100-WMA Hurdle
- The break of 91.896 in early May confirmed a break of the weekly Bear channel
top off 2017 highs with the index rallying back towards the 96.512-98.543
resistance region. The 100-WMA (95.560) is now capping as weekly studies linger
at O/B levels and sit well placed for a correction.
- LT Traders now look for a close above the 100-WMA to retain focus on
96.512-98.543 and above 98.543 to target 102.25-103.82 where 2017 highs are
located.
- The Bull channel base off Apr lows comes in around 94.156 with a break seeing
initial focus back on the 91.986-93.193 support region where 55 (92.674) & 21
(91.687) WMAs are situated. Below 91.986 remains needed to end bullish hopes and
hint at a move back to 2018 lows (88.253) with below 91.011 to confirm.
- Click for chart https://tinyurl.com/ybdu9vc9
- Click for chart https://tinyurl.com/yb3wyz99
To read the full story
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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.