Free Trial

Sgd1.3126-45 Resistance Key.......>

DOLLAR-SING TECHS
DOLLAR-SING TECHS: Sgd1.3126-45 Resistance Key Today
*RES 4: Sgd1.3273 - High Jan 18 
*RES 3: Sgd1.3223 - High Jan 22 
*RES 2: Sgd1.3145 - 2015 Low Apr 29 now resistance 
*RES 1: Sgd1.3126 - High Jan 25
*PRICE: Sgd1.3066 @ 2300GMT
*SUP 1: Sgd1.3039 - Low Jan 26 
*SUP 2: Sgd1.3000 - Monthly Low Dec 16 2014 
*SUP 3: Sgd1.2955 - Low Nov 27 2014 
*SUP 4: Sgd1.2865 - Low Nov 10 2014
*COMMENTARY: 2018 and 3+yr lows continued last week although the lack of follow
through is a concern given daily studies correcting from O/S and momentum
divergence noted. In saying that, the Sgd1.3126-45 resistance is key today.
Bears need a close above Sgd1.31415 to ease bearish pressure and above the
21-DMA to shift initial focus to Sgd1.3273-1.3369. While Sgd1.3145 caps
immediate focus remains on Sgd1.2955.

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' }); });