MNI Dollar-Asia Morning FX Technical Analysis

15 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: Sgd1.3582 & Sgd1.3654 Levels Key

*RES 4: Sgd1.3740 - 55-DMA 

*RES 3: Sgd1.3720 - High July 17 

*RES 2: Sgd1.3678 - Bollinger band top 

*RES 1: Sgd1.3654 - High Aug 10

*PRICE: Sgd1.3627 @ 2300GMT

*SUP 1: Sgd1.3612 - 21-DMA 

*SUP 2: Sgd1.3582 - Low Aug 14 

*SUP 3: Sgd1.3549 - Low Aug 4 

*SUP 4: Sgd1.3536 - 2017 Low July 27

*COMMENTARY: Hesitation around the 21-DMA (Sgd1.3612) continues with bulls

needing a close above $1.3654 to confirm a break of the 21-DMA and a shift in

focus to Sgd1.3720-87 where the 55-DMA is situated. While Sgd1.3654 caps bears

retain an advantage but still need a close below Sgd1.3585 to ease bullish

pressure and retain focus on fresh 2017 lows and tests of the 200-WMA

(Sgd1.3456).

DOLLAR-WON TECHS: Lacked Follow Through Above 200-DMA

*RES 4: Krw1154.3 - Low July 7 now resistance

*RES 3: Krw1148.1 - High Aug 11

*RES 2: Krw1146.9 - 200-DMA

*RES 1: Krw1140.5 - High Aug 14

*PRICE: Krw1142.0 @ 2300GMT

*SUP 1: Krw1136.1 - Low Aug 14

*SUP 2: Krw1129.8 - 100-DMA

*SUP 3: Krw1123.0 - Low Aug 3

*SUP 4: Krw1114.3 - High July 27 now support

*COMMENTARY: Bears took comfort in the lack of follow through on the pop above

the 200-DMA Friday which leaves the Krw1123.0-1131.6 support region where DMAs

are located as key. Bears need a close below Krw1123.0 to confirm a return in

focus to 2017 lows. Bulls now look for a close above Krw1148.1 to confirm a

break of the 200-DMA and to shift initial focus to Krw1157.8-1161.0 where

monthly highs are situated. O/B daily studies are the key concern for bulls.

DOLLAR-MYR TECHS: Myr4.2664 & Myr4.3087 Levels Remain Key

*RES 4: Myr4.3270 - High June 28 

*RES 3: Myr4.3223 - 100-DMA 

*RES 2: Myr4.3087 - High July 10 

*RES 1: Myr4.2969 - Bollinger band top

*PRICE: Myr4.2941 @ 2100GMT

*SUP 1: Myr4.2704 - Bollinger band base 

*SUP 2: Myr4.2700 - Low Aug 11 

*SUP 3: Myr4.2664 - Low July 19 

*SUP 4: Myr4.2465 - 2017 Low June 20

*COMMENTARY: Hesitation ahead of the Myr4.3087 resistance is less than ideal for

bulls who look for a close above this level to shift immediate focus to

Myr4.3250-3270 where the 100-DMA is situated. Layers of support remain with

bears now needing a close below Myr4.2664 is needed to confirm focus on 2017

lows. Bollinger bands are currently the key concern for bulls and bears with

potential to limit follow through.

DOLLAR-CNH TECHS: Finding Support Around 100-WMA

*RES 4: Cnh6.7377 - High July 31 

*RES 3: Cnh6.7256 - 21-DMA 

*RES 2: Cnh6.7154 - Low Aug 1 now resistance 

*RES 1: Cnh6.7010 - Low Aug 8 now resistance

*PRICE: Cnh6.6883 @ 2300GMT

*SUP 1: Cnh6.6685 - Low Aug 14 

*SUP 2: Cnh6.6567 - 2017 Low Aug 11 

*SUP 3: Cnh6.6413 - Monthly Low Sept 16 

*SUP 4: Cnh6.6216 - Low July 29 2016

*COMMENTARY: Bears have so far failed to capitalise on the weekly close

marginally below the 100-WMA (Cnh6.6803) with daily studies correcting from O/S

and the Bollinger base (Cnh6.6696) limiting follow through key concerns for

bears. Layers of resistance remain with bulls still needing a close above

Cnh6.7010 to ease immediate bearish pressure and above Cnh6.7377 to confirm a

break of the 21-DMA and target Cnh6.7598-7725.

DOLLAR-PHP TECHS: Php50.840 Support Now Key

*RES 4: Php51.600 - High Aug 24 2006 

*RES 3: Php51.380 - Daily Bull channel top 

*RES 2: Php51.090 - Low Aug 17 2006, Bollinger band top 

*RES 1: Php51.080 - 2017 Highs Aug 11 & 14

*PRICE: Php51.080 @ 2300GMT

*SUP 1: Php50.900 - Lows Aug 11 & 14 

*SUP 2: Php50.840 - High July 25 now support 

*SUP 3: Php50.680 - High Aug 9 now support 

*SUP 4: Php50.615 - 21-DMA

*COMMENTARY: The close above the 21-DMA Wednesday has resulted in fresh 2017 and

11 year highs with bulls now focused on Php51.380-600 where the daily bull

channel top is located. The Bollinger top is the key concern for bulls with

potential to limit follow through. The Php50.840 support is now key. Bears look

for a close below this level to ease bullish pressure and to shift focus back to

Php50.485-680 where the 21-DMA is noted.

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: Thb33.41 - High July 27 

*RES 1: Thb33.34 - 21-DMA

*PRICE: Thb33.23 @ 2300GMT

*SUP 1: Thb33.14 - 2017 Low Aug 11 

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

*SUP 3: Thb33.10 - 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 around recent 2017 lows a concern. In saying

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

Thb33.53 to hint at a correction back to Thb33.70-88 where the 55-DMA (Thb33.73)

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

initially target May 2015 monthly lows.

DOLLAR-IDR TECHS: Topside Follow Through Lacking

*RES 4: Idr13410 - High July 7 & 10 

*RES 3: Idr13380 - Low July 11 now resistance 

*RES 2: Idr13350 - Alternating daily support/resistance 

*RES 1: Idr13348 - Bollinger band top

*PRICE: Idr13347 @ 2300GMT

*SUP 1: Idr13324 - 21-DMA 

*SUP 2: Idr13301 - Bollinger band base 

*SUP 3: Idr13295 - Low July 19 

*SUP 4: Idr13270 - Low Apr 26

*COMMENTARY: Narrowing Bollinger bands suggested a breakout with a spike back

towards Idr13380 seen only to lack topside follow through once more. The 21-DMA

is now initial support with bears looking for a close below to return focus to

Idr13295. While the 21-DMA supports bulls focus on Idr13415 but need a close

above Idr13380 to add support to their case.

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

[TOPICS: MTABLE]