Free Trial

Sgd1.3227 Support Key This Week...>

DOLLAR-SING TECHS
DOLLAR-SING TECHS: Sgd1.3227 Support Key This Week
*RES 4: Sgd1.3440 - 100-DMA 
*RES 3: Sgd1.3415 - Low Dec 1 now resistance 
*RES 2: Sgd1.3369 - High Jan 10 
*RES 1: Sgd1.3339 - High Feb 9
*PRICE: Sgd1.3290 @ 2300GMT
*SUP 1: Sgd1.3252 - Hourly support Feb 8 
*SUP 2: Sgd1.3227 - Hourly support Feb 7 
*SUP 3: Sgd1.3180 - 21-DMA 
*SUP 4: Sgd1.3149 - High Jan 30 now support
*COMMENTARY: Bounces from Sgd1.3149 saw the pair flirting with the 55-DMA
(Sgd1.33252) but follow through above has been lacking. Daily studies correcting
from O/B remain a key concern for bears. Bulls now need a close above Sgd1.3339
to confirm a break of the 55-DMA and initially target the 100-DMA. Layers of
support remain with bears now needing a close below Sgd1.3227 to ease bullish
pressure.

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' }); });