MNI Dollar-Asia Morning FX Technical Analysis

3 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: Increased Risk Of Correction Higher

*RES 4: Sgd1.3720 - High July 17 

*RES 3: Sgd1.3671 - 21-DMA 

*RES 2: Sgd1.3643 - Hourly support July 20 now resistance 

*RES 1: Sgd1.3614 - High July 28

*PRICE: Sgd1.3590 @ 2300GMT

*SUP 1: Sgd1.3565 - Low Aug 2 

*SUP 2: Sgd1.3536 - 2017 Low July 27 

*SUP 3: Sgd1.3505 - Low Sept 22 

*SUP 4: Sgd1.3483 - Bollinger band base

*COMMENTARY: Support layers emerging on dips and a lack of follow through on

recent 2017 lows is a concern for bears and hints at a correction back to

Sgd1.3643-71 where the 21-DMA is located. Bears now need a close below Sgd1.3536

to reconfirm a bearish bias and target the 200-WMA (Sgd1.3444). Bulls continue

to look for a close above the 21-DMA to hint at a move back to Sgd1.3773-87 with

above Sgd1.3720 to confirm.

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

*RES 4: Krw1130.6 - 21-DMA

*RES 3: Krw1130.4 - 100-DMA

*RES 2: Krw1130.0 - 55-DMA

*RES 1: Krw1126.6 - Low July 17 now resistance

*PRICE: Krw1124.0 @ 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: Krw1102.1 - Bollinger band base

*COMMENTARY: The Krw1126.6-1130.6 resistance region where key DMAs are situated

remains key with bulls needing a close above the 21-DMA to confirm an easing of

bearish pressure and shift focus to Krw1139.8-1147.1 where the 200-DMA

(Krw1146.8) is located. While Krw1126.6-1130.6 caps bears retain the advantage

but need a close below Krw1114.3 to ease pressure on Krw1126.6 and target a

break of 2017 lows.

DOLLAR-MYR TECHS: Myr4.2980-3087 Resistance Key

*RES 4: Myr4.3270 - High June 28 

*RES 3: Myr4.3087 - High July 10 

*RES 2: Myr4.3049 - Bollinger band top 

*RES 1: Myr4.2980 - High July 21

*PRICE: Myr4.2840 @ 2100GMT

*SUP 1: Myr4.2693 - 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 this week which is a concern for bulls who need a close

above Myr4.3087 to hint at a move that tests 100 (Myr4.3344) & 200 (Myr4.3675)

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 Cnh6.7377

*RES 4: Cnh6.7725 - Low July 3 now resistance 

*RES 3: Cnh6.7598 - High July 26, 21-DMA 

*RES 2: Cnh6.7483 - High July 28 

*RES 1: Cnh6.7377 - High July 31

*PRICE: Cnh6.7270 @ 2300GMT

*SUP 1: Cnh6.7153 - 2017 Low Aug 1 

*SUP 2: Cnh6.7085 - Bollinger band base 

*SUP 3: Cnh6.6879 - Low Oct 5 

*SUP 4: Cnh6.6746 - 100-WMA

*COMMENTARY: Fresh 2017 and 10mth lows lacked follow through Tuesday which is a

concern for bears given the proximity of the Bollinger base and daily studies

looking to correct from modestly O/S levels. Bulls need a close above Cnh6.7377

to gain breathing room and above Cnh6.7483 to shift focus back to Cnh6.7598

where the 21-DMA is located. While Cnh6.7377 caps bears focus on tests of the

100-WMA. A close below the 100-WMA was last seen in Nov 2014.

DOLLAR-PHP TECHS: Php50.330 Support Remains Key

*RES 4: Php50.840 - High July 25 

*RES 3: Php50.730 - High July 26 

*RES 2: Php50.622 - 21-DMA 

*RES 1: Php50.485 - High Aug 2

*PRICE: Php50.370 @ 2300GMT

*SUP 1: Php50.360 - Low Aug 1 

*SUP 2: Php50.330 - Low June 30 

*SUP 3: Php50.179 - 55-DMA 

*SUP 4: Php50.160 - Low June 21

*COMMENTARY: Recent 2017 highs lacked follow through with the correction seeing

the pair gaining traction below the 21-DMA and remaining heavy. Bears continue

to look for a close below Php50.330 to shift focus back to Php50.103-179 where

55 & 100-DMAs are situated. Bulls now look for a close above Php50.485 to gain

breathing room and above the 21-DMA to shift focus back to Php50.840-950 where

2017 highs are located.

DOLLAR-THB TECHS: Above Thb33.41 To Gain Breathing Room

*RES 4: Thb33.70 - High July 20 

*RES 3: Thb33.61 - 21-DMA 

*RES 2: Thb33.53 - High July 26 

*RES 1: Thb33.41 - High July 27

*PRICE: Thb33.25 @ 2300GMT

*SUP 1: Thb33.20 - 2017 Low Aug 1 

*SUP 2: Thb33.13 - Low May 5 2015 

*SUP 3: Thb33.01 - Bollinger band base 

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

*COMMENTARY: Daily studies looking to correct from O/S remain the key concern

for bears which makes hesitation ahead of recent 2017 lows a concern. In saying

that, bulls still need a close above Thb33.41 to gain breathing room and above

the 21-DMA to hint at a correction back to Thb33.88 where the 55-DMA is located.

Bears now need a close below Thb33.13 to reconfirm the bearish bias and

initially target May 2015 monthly lows.

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: Idr13341 - 21-DMA

*PRICE: Idr13323 @ 2300GMT

*SUP 1: Idr13295 - Low July 19 

*SUP 2: Idr13282 - 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]