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MNI Dollar-Asia Morning FX Technical Analysis 

8 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: Bulls Need Close Above Sgd1.3643
*RES 4: Sgd1.3760 - 55-DMA 
*RES 3: Sgd1.3720 - High July 17 
*RES 2: Sgd1.3643 - Hourly support July 20 now resistance 
*RES 1: Sgd1.3641 - 21-DMA
*PRICE: Sgd1.3625 @ 2300GMT
*SUP 1: Sgd1.3585 - Low Aug 7 
*SUP 2: Sgd1.3549 - Low Aug 4 
*SUP 3: Sgd1.3536 - 2017 Low July 27 
*SUP 4: Sgd1.3505 - Low Sept 22
*COMMENTARY: The lack of follow through on 2017 lows in past weeks has seen the
pair correct back to the 21-DMA. Bulls now look for a close above Sgd1.3643 to
confirm a break of the 21-DMA and a shift in focus to Sgd1.3720-87 where the
55-DMA is situated. While the 21-DMA caps bears retain an advantage but now need
a close below Sgd1.3549 to ease pressure on the 21-DMA and retain focus on fresh
2017 lows and tests of the 200-WMA (Sgd1.3450).
DOLLAR-WON TECHS: 55-DMA Resistance Now Key
*RES 4: Krw1147.1 - Low July 4 now resistance
*RES 3: Krw1146.7 - 200-DMA
*RES 2: Krw1139.8 - High July 13
*RES 1: Krw1130.2 - 55-DMA
*PRICE: Krw1127.1 @ 2300GMT
*SUP 1: Krw1123.0 - Low Aug 3
*SUP 2: Krw1114.3 - High July 27 now support
*SUP 3: Krw1110.5 - 2017 Low Mar 28
*SUP 4: Krw1107.0 - Low Oct 10
*COMMENTARY: The pair is now pressuring key DMAs with bulls needing a close
above the 55-DMA to confirm a shift in focus to Krw1139.8-1147.1 where the
200-DMA is located. Initial support is noted at Krw1123.0 with bears needing a
close below to ease pressure on key DMAs and shift focus back to tests of 2017
lows. Daily studies approaching O/B are the key concern for bulls.
DOLLAR-MYR TECHS: Myr4.2980-3087 Resistance Key
*RES 4: Myr4.3270 - High June 28 
*RES 3: Myr4.3087 - High July 10 
*RES 2: Myr4.3010 - Bollinger band top 
*RES 1: Myr4.2980 - High July 21
*PRICE: Myr4.2840 @ 2100GMT
*SUP 1: Myr4.2687 - 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 initially targets tests of the 100-DMA
(Myr4.3294) . 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: Cnh6.7598 - High July 26 
*RES 3: Cnh6.7499 - 21-DMA 
*RES 2: Cnh6.7483 - High July 28 
*RES 1: Cnh6.7377 - High July 31
*PRICE: Cnh6.7303 @ 2300GMT
*SUP 1: Cnh6.7153 - 2017 Low Aug 1 
*SUP 2: Cnh6.7094 - Bollinger band base 
*SUP 3: Cnh6.6879 - Low Oct 5 
*SUP 4: Cnh6.6779 - 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. Bulls need a close above Cnh6.7377 to gain
breathing room and above the 21-DMA to shift focus back to Cnh6.7725-7895 where
the 55-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: 100-DMA Support Now 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: Php50.355 @ 2300GMT
*SUP 1: Php50.250 - Low Aug 7 
*SUP 2: Php50.192 - Bollinger band base 
*SUP 3: Php50.140 - Low Aug 4 
*SUP 4: Php50.100 - 100-DMA
*COMMENTARY: The correction lower from 2017 highs has found support ahead of the
100-DMA with daily studies correcting from O/S adding support to the bullish
case. Bulls continue to look for a close above the 21-DMA to end bearish hopes
and shift focus back to tests of Php50.840-950 where 2017 highs are located.
Bears now need a close below the 100-DMA to confirm a bearish bias and shift
focus to Php49.770-845 where the 200-DMA is situated.
DOLLAR-THB TECHS: Above Thb33.41 To Gain Breathing Room
*RES 4: Thb33.70 - High July 20 
*RES 3: Thb33.53 - High July 26 
*RES 2: Thb33.49 - 21-DMA 
*RES 1: Thb33.41 - High July 27
*PRICE: Thb33.27 @ 2300GMT
*SUP 1: Thb33.20 - 2017 Low Aug 1 
*SUP 2: Thb33.13 - Low May 5 2015 
*SUP 3: Thb33.00 - 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
Thb33.53 to hint at a correction back to Thb33.80-88 where the 55-DMA is
located. Bears 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: Idr13322 - 55-DMA
*PRICE: Idr13323 @ 2300GMT
*SUP 1: Idr13295 - Low July 19 
*SUP 2: Idr13284 - 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 breaks of 21 & 55-DMAs 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]
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