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Free AccessStruggling To Gain Traction.......>
DOLLAR-SING TECHS: Struggling To Gain Traction Above 55-DMA
*RES 4: Sgd1.3264 - 100-DMA
*RES 3: Sgd1.3257 - Daily Bear channel top off 2017 High
*RES 2: Sgd1.3214 - High Mar 5
*RES 1: Sgd1.3190 - Bollinger band top
*PRICE: Sgd1.3157 @ 2300GMT
*SUP 1: Sgd1.3110 - Low Apr 5
*SUP 2: Sgd1.3084 - Low Apr 3
*SUP 3: Sgd1.3049 - Low Mar 27
*SUP 4: Sgd1.3004 - 2018 Low Jan 25
*COMMENTARY: Bulls are struggling to gain traction above the 55-DMA (Sgd1.2157)
with the pair capped on approach to Sgd1.3214 courtesy of the Bollinger band
top. Bulls continue to look for a close above Sgd1.3214 to confirm initial focus
on Sgd1.3257-84 where a LT bear channel top and 100-DMA are noted. The Sgd1.3084
support remains key with bears now needing a close below to return focus to
Sgd1.3000-04.
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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.