Free Trial

Thb33.10 Support Now Key *RES 4:...>

DOLLAR-THB TECHS
DOLLAR-THB TECHS: Thb33.10 Support Now Key
*RES 4: Thb33.54 - High Oct 3 
*RES 3: Thb33.42 - Bollinger band top 
*RES 2: Thb33.41 - 100-DMA 
*RES 1: Thb33.35 - High Oct 27
*PRICE: Thb33.21 @ 2300GMT
*SUP 1: Thb33.10 - Low Oct 26 
*SUP 2: Thb33.01 - 2017 Low Sept 7 & 8, Oct 16 
*SUP 3: Thb32.98 - Monthly Low May 1 2015 
*SUP 4: Thb32.52 - Low Apr 27 2015
*COMMENTARY: The break of Thb33.25 has so far lacked follow through but is
enough to see bulls now focused on Thb33.35-41 where the 100-DMA is located.
Bears now need a close below Thb35.10 to confirm a false break higher and see
immediate focus return to 2017 lows and the Thb32.98-33.01 region as a whole.
Narrowing Bollinger bands are hinting at a break out.

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' }); });