Free Trial

Sgd1.3214 Resistance Remains......>

DOLLAR-SING TECHS
DOLLAR-SING TECHS: Sgd1.3214 Resistance Remains Key
*RES 4: Sgd1.3246 - Bollinger band top 
*RES 3: Sgd1.3214 - High Mar 5 
*RES 2: Sgd1.3189 - Daily Bear channel top off Oct high 
*RES 1: Sgd1.3185 - 55-DMA
*PRICE: Sgd1.3168 @ 2300GMT
*SUP 1: Sgd1.3106 - Low Mar 22 
*SUP 2: Sgd1.3077 - Low Mar 14 
*SUP 3: Sgd1.3052 - Low Feb 16 
*SUP 4: Sgd1.3004 - 2018 Low Jan 25
*COMMENTARY: Follow through has been lacking on the most recent failure ahead of
the 55-DMA and bear channel top but bulls continue to look for a close above
Sgd1.3214 to shift focus to Sgd1.3284-1.3369. While Sgd1.3214 caps bears focus
on tests of Sgd1.3000-04 with a close below Sgd1.3077 needed to add weight to
their case. The Bollinger base (Sgd1.3089) remains the key concern for bears.

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' }); });