Free Trial

Sgd1.3720 Resistance Key This.....>

DOLLAR-SING TECHS
DOLLAR-SING TECHS: Sgd1.3720 Resistance Key This Week
*RES 4: Sgd1.3787 - High July 13 
*RES 3: Sgd1.3720 - High July 17 
*RES 2: Sgd1.3688 - Bollinger band top 
*RES 1: Sgd1.3677 - Hourly resistance Oct 27
*PRICE: Sgd1.3652 @ 2300GMT
*SUP 1: Sgd1.3536 - 100-DMA 
*SUP 2: Sgd1.3591 - 21-DMA 
*SUP 3: Sgd1.3559 - 55-DMA 
*SUP 4: Sgd1.3548 - Low Oct 19
*COMMENTARY: The 21-DMA supported and provided the base for a bounce towards
Sgd1.3720 only to be rejected and lack follow through. The pair remains heavy
with bears needing a close below the 100-DMA to ease bullish pressure and shift
focus back to Sgd1.3546-91. Bulls now look for a close above Sgd1.3677 to ease
pressure on the 100-DMA. Above Sgd1.3720 shift focus to Sgd1.3776-1.3830 where
the bull channel top and 200-DMA (Sgd1.3830) are situated.

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' }); });