MNI Dollar-Asia Morning FX Technical Analysis

28 July 2017

By Kyle Shortland

Please click on this link to access MNI's daily Dollar-Asia FX Technical

Analysis Pdf http://tinyurl.com/pzkomnu

DOLLAR-SING TECHS: Sgd1.3643 Resistance Key

*RES 4: Sgd1.3787 - High July 13 

*RES 3: Sgd1.3720 - High July 17 

*RES 2: Sgd1.3716 - 21-DMA 

*RES 1: Sgd1.3643 - Hourly support July 20 now resistance

*PRICE: Sgd1.3585 @ 2300GMT

*SUP 1: Sgd1.3536 - 2017 Low July 27 

*SUP 2: Sgd1.3533 - Bollinger band base 

*SUP 3: Sgd1.3505 - Low Sept 22 

*SUP 4: Sgd1.3430 - Monthly Low Sept 7

*COMMENTARY: Fresh 2017 lows continue although the lack of follow through

Thursday is less than ideal given daily studies correcting from O/S and daily

momentum divergence. In saying that, bulls still need a close above Sgd1.36643

to confirm an easing of bearish pressure and shift focus back to Sgd1.3716-20

where the 21-DMA is located. While Sgd1.3643 caps bears remain focused on tests

of the 200-WMA (Sgd1.3438).

DOLLAR-WON TECHS: Pressuring 2017 Low

*RES 4: Krw1126.6 - Low July 17 now resistance

*RES 3: Krw1122.5 - High July 26

*RES 2: Krw1118.5 - High July 25

*RES 1: Krw1114.4 - Low July 25 now resistance

*PRICE: Krw1112.8 @ 2300GMT

*SUP 1: Krw1110.5 - 2017 Low Mar 28

*SUP 2: Krw1107.0 - Low Oct 10

*SUP 3: Krw1106.1 - Bollinger band base

*SUP 4: Krw1097.8 - Low Sept 30

*COMMENTARY: Pressure has returned to 2017 lows with daily studies looking to

correct from O/S remaining the key concern for bears. Layers of resistance have

accumulated with bulls now needing a close above Krw1122.5 to ease bearish

pressure and shift focus back to Krw1130.2-1135.2 where key DMAs are clustered.

Bears look for a close below 2017 lows to confirm focus on tests of 2016 lows

(Krw1089.7).

DOLLAR-MYR TECHS: Myr4.3087-3270 Resistance Region Key

*RES 4: Myr4.3087 - High July 10 

*RES 3: Myr4.3079 - Bollinger band top 

*RES 2: Myr4.2898 - 21-DMA 

*RES 1: Myr4.2886 - 55-DMA

*PRICE: Myr4.2760 @ 2100GMT

*SUP 1: Myr4.2717 - Bollinger band base 

*SUP 2: Myr4.2664 - Low July 19 

*SUP 3: Myr4.2465 - 2017 Low June 20 

*SUP 4: Myr4.2440 - Low Nov 10

*COMMENTARY: Follow through was lacking on Friday's pop above 21 & 55-DMAs which

is a concern for bulls who need a close above Myr4.3087 to hint at a move that

tests 100 (Myr4.3413) & 200 (Myr4.3660) DMAs. Until closes above 21 & 55-DMAs

gain traction bears retain the upper hand and remain focused on tests of

Myr4.2380-4.2465 where 2017 lows are located.

DOLLAR-CNH TECHS: Bulls Need Close Above 21-DMA

*RES 4: Cnh6.7895 - Low July 5 now resistance 

*RES 3: Cnh6.7729 - 21-DMA 

*RES 2: Cnh6.7725 - Low July 3 now resistance 

*RES 1: Cnh6.7598 - High July 26

*PRICE: Cnh6.7421 @ 2300GMT

*SUP 1: Cnh6.7269 - Bollinger band base 

*SUP 2: Cnh6.7229 - 2017 Low June 1 

*SUP 3: Cnh6.7164 - Low Oct 12 

*SUP 4: Cnh6.6721 - 100-WMA

*COMMENTARY: The bounce from ahead of the 2017 low is a concern for bears who

look for a close below Cnh6.7229 to confirm focus on tests of the 100-WMA. Daily

studies looking to correct from O/S remain the key concern for bears. In saying

that, bulls continue to look for a close above the 21-DMA to ease bearish

pressure and above Cnh6.7895 to shift immediate focus to the 55-DMA (Cnh6.8020).

DOLLAR-PHP TECHS: Bears Need Close Below Php50.330

*RES 4: Php50.876 - Bollinger band top 

*RES 3: Php50.840 - High July 25 

*RES 2: Php50.730 - High July 26 

*RES 1: Php50.635 - 21-DMA

*PRICE: Php50.560 @ 2300GMT

*SUP 1: Php50.480 - Low July 26 & 27 

*SUP 2: Php50.400 - Low July 13 

*SUP 3: Php50.330 - Low June 30 

*SUP 4: Php50.160 - Low June 21

*COMMENTARY: Recent 2017 highs have so far lacked follow through with the

correction seeing the pair gaining traction below the 21-DMA. Bears continue to

look for a close below Php50.330 to shift focus back to Php50.099-160 where 55 &

100-DMAs are situated. Bulls now look for a close above the 21-DMA to ease

bearish pressure and above Php50.840 to shift focus back to tests of 2017 highs.

DOLLAR-THB TECHS: Bulls Need Close Above Thb33.53

*RES 4: Thb33.74 - 21-DMA 

*RES 3: Thb33.70 - High July 20 

*RES 2: Thb33.53 - High July 26 

*RES 1: Thb33.35 - Low July 26 now resistance

*PRICE: Thb33.39 @ 2300GMT

*SUP 1: Thb33.25 - 2017 Low July 27 

*SUP 2: Thb33.19 - Bollinger band base 

*SUP 3: Thb33.13 - Low May 5 2015 

*SUP 4: Thb32.98 - Monthly Low May 1 2015

*COMMENTARY: Consolidation below the 200-WMA (Thb33.93) is adding weight to the

bearish case with fresh 2017 and 2+ year lows continuing. Very O/S daily studies

and the Bollinger base remain key concerns for bears but are not yet impacting.

Bulls need a close above Thb33.53 to ease immediate bearish pressure and shift

focus to Thb33.70-96 where 21 & 55-DMAs are situated.

DOLLAR-IDR TECHS: Idr13295 & Idr13348 Levels Remain Key

*RES 4: Idr13410 - High July 7 & 10 

*RES 3: Idr13380 - Low July 11 now resistance 

*RES 2: Idr13348 - High July 13 

*RES 1: Idr13345 - 21-DMA

*PRICE: Idr13317 @ 2300GMT

*SUP 1: Idr13295 - Low July 19 

*SUP 2: Idr13286 - Bollinger band base 

*SUP 3: Idr13270 - Low Apr 26 

*SUP 4: Idr13245 - 2017 Low Apr 13

*COMMENTARY: Sideways trading within a Idr13270-13348 range continues with bulls

needing a close above Idr13348 to confirm a break of the 21-DMA and shift focus

back to Idr13380-13415. Bears continue to look for a close below Idr13295 to

gain traction below Key DMAs and shift focus back to Idr13245-13270 where 2017

and monthly lows are located.

--MNI Beijing Bureau; tel: +44 207-862-7435; email: kyle.shortland@mni-news.com

[TOPICS: MTABLE]