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]