MNI BRIEF: Inflation Risks Now Shifted To Downside-BOE Ramsden

MNI: Goolsbee Says Stalled Inflation Means Wait Before Moving

MNI China Daily Summary: Friday, April 19

MNI BRIEF: China Hog Market More Balanced In Q2 - Ministry

MNI: PBOC Conducts CNY2 Bln Via OMO Fri; Liquidity Unchanged

CHINA PBOC INJECTS CNY2 BILLION VIA 7-DAY REVERSE REPOS FRI

MNI: BAKER HUGHES US RIG COUNT 619; OIL RIGS 511; GAS RIGS 106

EZ/UK Bond Supply Calendar: EU, UK Synd W/C 22 Apr, BoE APF Mon

EZ/UK T-Bill Calendar: Germany, France Auction on Monday

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

MNI BRIEF: Poilievre Calls QE 'Scam' And Would Limit BOC Remit

MNI: Growth Drag From Net Zero Carbon Goal Can Be Offset-OECD

© 1982-2023 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

MNI Dollar-Asia Morning FX Technical Analysis 

1 August 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 Remains Key
*RES 4: Sgd1.3720 - High July 17 
*RES 3: Sgd1.3691 - 21-DMA 
*RES 2: Sgd1.3643 - Hourly support July 20 now resistance 
*RES 1: Sgd1.3581 - High July 31
*PRICE: Sgd1.3550 @ 2300GMT
*SUP 1: Sgd1.3536 - 2017 Low July 27 
*SUP 2: Sgd1.3505 - Low Sept 22 
*SUP 3: Sgd1.3493 - Bollinger band base 
*SUP 4: Sgd1.3430 - Monthly Low Sept 7
*COMMENTARY: Fresh 2017 lows continued last week although the lack of follow
through is less than ideal given daily studies correcting from O/S and daily
momentum divergence. In saying that, bulls now need a close above Sgd1.3581 to
gain breathing room and above Sgd1.3643 to shift focus back to Sgd1.3691-1.3720
where the 21-DMA is located. While Sgd1.3581 caps bears remain focused on tests
of the 200-WMA (Sgd1.3443).
DOLLAR-WON TECHS: Capped Ahead Of Key DMAs
*RES 4: Krw1133.1 - 21-DMA
*RES 3: Krw1130.9 - 100-DMA
*RES 2: Krw1129.9 - 55-DMA
*RES 1: Krw1126.6 - Low July 17 now resistance
*PRICE: Krw1119.0 @ 2300GMT
*SUP 1: Krw1114.3 - High July 27 now support
*SUP 2: Krw1110.5 - 2017 Low Mar 28
*SUP 3: Krw1107.0 - Low Oct 10
*SUP 4: Krw1103.2 - Bollinger band base
*COMMENTARY: The recovery from last week's low looks to be in trouble with the
pair capped ahead of key DMAs Krw1129.9-1133.1. Bulls need a close above the
21-DMA to confirm an easing of bearish pressure and to shift immediate focus to
Krw1139.8. While the DMAs cap overall focus remains bearish with immediate focus
on 2017 lows. Daily studies correcting from O/S remain the key concern for
bears.
DOLLAR-MYR TECHS: Bears Focused On Myr4.2380-4.2465
*RES 4: Myr4.3270 - High June 28 
*RES 3: Myr4.3087 - High July 10 
*RES 2: Myr4.3069 - Bollinger band top 
*RES 1: Myr4.2980 - High July 21
*PRICE: Myr4.2790 @ 2100GMT
*SUP 1: Myr4.2698 - 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 has been lacking on pops above 21 & 55-DMAs in
recent weeks and again on Monday which is a concern for bulls who need a close
above Myr4.3087 to hint at a move that tests 100 (Myr4.3378) & 200 (Myr4.3668)
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: Cnh6.7483-7725 Resistance Region Key
*RES 4: Cnh6.7725 - Low July 3 now resistance 
*RES 3: Cnh6.7668 - 21-DMA 
*RES 2: Cnh6.7598 - High July 26 
*RES 1: Cnh6.7483 - High July 28
*PRICE: Cnh6.7251 @ 2300GMT
*SUP 1: Cnh6.7229 - 2017 Low June 1 
*SUP 2: Cnh6.7164 - Low Oct 12 
*SUP 3: Cnh6.7139 - Bollinger band base 
*SUP 4: Cnh6.6746 - 100-WMA
*COMMENTARY: The pair remains heavy with immediate pressure on 2017 lows and
overall focus on a test of the 100-WMA. A close below the 100-WMA was last seen
in Nov 2014. Layers of resistance are weighing with bulls needing a close above
Cnh6.7483 to gain breathing room and above Cnh6.7725 to confirm a break of the
21-DMA and a shift in focus to Cnh6.7895-7962 where the 55-DMA is noted. O/S
daily studies remain the key concern for bears.
DOLLAR-PHP TECHS: 21-DMA Capping, Looking A Little Heavy
*RES 4: Php50.876 - Bollinger band top 
*RES 3: Php50.840 - High July 25 
*RES 2: Php50.730 - High July 26 
*RES 1: Php50.637 - 21-DMA
*PRICE: Php50.570 @ 2300GMT
*SUP 1: Php50.400 - Low July 13 
*SUP 2: Php50.398 - Bollinger band base 
*SUP 3: Php50.330 - Low June 30 
*SUP 4: Php50.160 - Low June 21
*COMMENTARY: Recent 2017 highs have 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 Php50.102-160 where 55 & 100-DMAs
are situated. Bulls continue to 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: Thb33.70 - High July 20 
*RES 3: Thb33.68 - 21-DMA 
*RES 2: Thb33.53 - High July 26 
*RES 1: Thb33.41 - High July 27
*PRICE: Thb33.36 @ 2300GMT
*SUP 1: Thb33.24 - 2017 Low July 31 
*SUP 2: Thb33.13 - Low May 5 2015 
*SUP 3: Thb33.09 - Bollinger band base 
*SUP 4: Thb32.98 - Monthly Low May 1 2015
*COMMENTARY: Consolidation below the 200-WMA (Thb33.94) 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 In saying that, bulls still
need a close above Thb33.53 to ease immediate bearish pressure and shift focus
to Thb33.68-92 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: Idr13324 @ 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]
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_TASKS_QUEUE.push(function(){

    
        window.dataLayer.push({
    'event' : 'logedout',
    'loggedOut' : 'loggedOut'
  });
    

});

window.REBELMOUSE_TASKS_QUEUE.push(function(){

    
        (function appendPosts () {  
    var policyPosts = document.getElementsByClassName('policy-posts-wrapper')[0];
    var policyPostsMenu = document.querySelector('.policy-posts-span');
    policyPostsMenu.append(policyPosts);
    policyPosts.style.display = "block";
  
    var empolicyPosts = document.getElementsByClassName('em-policy-posts-wrapper')[0];
    var empolicyPostsMenu = document.querySelector('.em-policy-posts-span');
    empolicyPostsMenu.append(empolicyPosts);
    empolicyPosts.style.display = "block";

    var dataPosts = document.getElementsByClassName('data-posts-wrapper')[0];
    var dataPostsMenu = document.querySelector('.data-posts-span');
    dataPostsMenu.append(dataPosts);
    dataPosts.style.display = "block";
})();
    

});

window.REBELMOUSE_TASKS_QUEUE.push(function(){

    
        document.querySelectorAll(".my-mni").forEach(function(item){
  item.href="/core/users/email_login/";
  item.innerHTML="Log In";
})
    

});

window.REBELMOUSE_TASKS_QUEUE.push(function(){

    
        document.querySelector('.signup-form').addEventListener('submit', () => {
  window.dataLayer = window.dataLayer || [];
  dataLayer.push({
    'event' : 'submission_click',
    'event_category': "Sign Up Button Clicks",
     'event_label': "Posts" 
  });  
  
})
    

});

window.REBELMOUSE_TASKS_QUEUE.push(function(){

    
        REBELMOUSE_STDLIB.createElementChangeListener('.signup-form.authentication--form',function(item){
  item.onsubmit=function(e){
    ga('b.send', 'event', {eventCategory: 'Signup', eventAction: 'CompletedForm', eventLabel:'pageTitle', eventValue:15});
    window.dataLayer = window.dataLayer || [];
    dataLayer.push({
      'event' : 'signup_click',
      'event_category': "Signup",
      'event_action': 'CompletedForm',
       'event_label': 'pageTitle',
      'event_value': 15
    });  
  }
})
    

});

window.REBELMOUSE_TASKS_QUEUE.push(function(){

    
        document.querySelectorAll("img").forEach(function (img) {
    img.addEventListener("contextmenu", function (e) {
      return false;
    });
  });
  document
    .querySelector(".site-logo img")
    .addEventListener("contextmenu", function (e) {
      return true;
    });
    

});

window.REBELMOUSE_TASKS_QUEUE.push(function(){

    
        document.querySelector('.signup-form').addEventListener('submit', () => {
  window.dataLayer = window.dataLayer || [];
  dataLayer.push({
    'event' : 'submission_click',
    'event_category': "Sign Up Button Clicks",
     'event_label': "Posts" 
  });  
  
})
    

});

window.REBELMOUSE_TASKS_QUEUE.push(function(){

    
        REBELMOUSE_STDLIB.createElementChangeListener('.signup-form.authentication--form',function(item){
  item.onsubmit=function(e){
    ga('b.send', 'event', {eventCategory: 'Signup', eventAction: 'CompletedForm', eventLabel:'pageTitle', eventValue:15});
    window.dataLayer = window.dataLayer || [];
    dataLayer.push({
      'event' : 'signup_click',
      'event_category': "Signup",
      'event_action': 'CompletedForm',
       'event_label': 'pageTitle',
      'event_value': 15
    });  
  }
})
    

});

window.REBELMOUSE_TASKS_QUEUE.push(function(){

    
        
  let posts = document.querySelectorAll(".all-content-wrapper .widget:not(.stream-story-processed)");
  window.check_story_posts(posts, "streamOfPosts");
    

});

window.REBELMOUSE_LOW_TASKS_QUEUE.push(function(){

    
        function populateInputsWithAPAPI(c) {
  document.querySelectorAll('.signup-form input[name="country"]').forEach(el => {
	el.setAttribute("value", c.country_name);
  });
  document.querySelectorAll('.signup-form .country_name').forEach(el => {
	el.setAttribute("value", c.country_name);
  });

  let country_code =
    c && c.country_code ? c.country_code.toLowerCase() : "auto";
  document.querySelectorAll('.signup-form .country_code').forEach(el => {
	el.setAttribute("value", country_code);
  });
  document.querySelectorAll('.signup-form .selected_country').forEach(el => {
	el.setAttribute("value", country_code);
  });
}

const fetch = function (err, res) {
  var r = new XMLHttpRequest();
  r.open("GET", err, !0),
    (r.responseType = "json"),
    (r.onload = function () {
      var err = r.status;
      res(200 === err ? null : err, r.response);
    }),
    r.send();
};

function setupCountry() {
  if (window.preventDuplicateExec) {
    return;
  }
  window.preventDuplicateExec = true;

  window.REBELMOUSE_STDLIB.onElementInViewport({
    threshold: 0,
    firstOnly: true,
    oneTime: true,
    selector: ".signup-form",
    onIntersect: (entry) => {
      // when you need to get access to that data you call it in that way:
      let ipapiData = localStorage.getItem("ipapiData");
      if (!ipapiData) {
        fetch("https://ipapi.co/json/", function (err, ipData) {
          console.log("populating inputs with data from IP API ");
          localStorage.setItem("ipapiData", JSON.stringify(ipData));
          populateInputsWithAPAPI(ipData);
        });
      } else {
        console.log(
          "populating inputs with data from IP API data stored in local storage"
        );
        populateInputsWithAPAPI(JSON.parse(ipapiData));
      }
    },
  });
}

setupCountry();
    

});

window.REBELMOUSE_LOW_TASKS_QUEUE.push(function(){

    
        /*
const sidebar = document.querySelector('.left-sidebar-container');
const stickyContent = document.querySelector('.sticky-content');
const siteContent = document.querySelector('.all-posts-stream');
if (sidebar && stickyContent && siteContent) {
  if (siteContent.clientHeight > sidebar.clientHeight) {
    console.log('grater -> ', siteContent.clientHeight + ' > ' + sidebar.clientHeight);
    stickyContent.style.height = (siteContent.clientHeight - sidebar.clientHeight) + 'px';
  }
}
*/
    

});

window.REBELMOUSE_LOW_TASKS_QUEUE.push(function(){

    
        function populateInputsWithAPAPI(c) {
  document.querySelectorAll('.signup-form input[name="country"]').forEach(el => {
	el.setAttribute("value", c.country_name);
  });
  document.querySelectorAll('.signup-form .country_name').forEach(el => {
	el.setAttribute("value", c.country_name);
  });

  let country_code =
    c && c.country_code ? c.country_code.toLowerCase() : "auto";
  document.querySelectorAll('.signup-form .country_code').forEach(el => {
	el.setAttribute("value", country_code);
  });
  document.querySelectorAll('.signup-form .selected_country').forEach(el => {
	el.setAttribute("value", country_code);
  });
}

const fetch = function (err, res) {
  var r = new XMLHttpRequest();
  r.open("GET", err, !0),
    (r.responseType = "json"),
    (r.onload = function () {
      var err = r.status;
      res(200 === err ? null : err, r.response);
    }),
    r.send();
};

function setupCountry() {
  if (window.preventDuplicateExec) {
    return;
  }
  window.preventDuplicateExec = true;

  window.REBELMOUSE_STDLIB.onElementInViewport({
    threshold: 0,
    firstOnly: true,
    oneTime: true,
    selector: ".signup-form",
    onIntersect: (entry) => {
      // when you need to get access to that data you call it in that way:
      let ipapiData = localStorage.getItem("ipapiData");
      if (!ipapiData) {
        fetch("https://ipapi.co/json/", function (err, ipData) {
          console.log("populating inputs with data from IP API ");
          localStorage.setItem("ipapiData", JSON.stringify(ipData));
          populateInputsWithAPAPI(ipData);
        });
      } else {
        console.log(
          "populating inputs with data from IP API data stored in local storage"
        );
        populateInputsWithAPAPI(JSON.parse(ipapiData));
      }
    },
  });
}

setupCountry();
    

});