MNI Dollar-Asia Morning FX Technical Analysis

17 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: Pressure Returns to 21-DMA

*RES 4: Sgd1.3732 - 55-DMA 

*RES 3: Sgd1.3720 - High July 17 

*RES 2: Sgd1.3688 - High Aug 15 

*RES 1: Sgd1.3670 - Bollinger band top

*PRICE: Sgd1.3620 @ 2300GMT

*SUP 1: Sgd1.3610 - 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: Bulls have failed to capitalise on Tuesday's rally with the

sell-off and bearish close Wednesday seeing pressure return to the 21-DMA. Bears

look for a close below the 21-DMA to hint at a move back to 2017 lows with below

Sgd1.3582 confirming. Fresh 2017 lows target the 200-WMA (Sgd1.3456). While the

21-DMA supports bulls remain focused on Sgd1.3720-32 where the 55-DMA is

situated. The Bollinger top remains a concern and limits follow through.

DOLLAR-WON TECHS: Bulls Need Close Above Krw1148.1

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

*RES 3: Krw1148.1 - High Aug 11

*RES 2: Krw1146.9 - 200-DMA

*RES 1: Krw1143.3 - Low Aug 11 now resistance

*PRICE: Krw1141.5 @ 2300GMT

*SUP 1: Krw1134.4 - Low Aug 16

*SUP 2: Krw1132.0 - 55-DMA

*SUP 3: Krw1130.0 - 100-DMA

*SUP 4: Krw1126.0 - 21-DMA

*COMMENTARY: Support emerging ahead of key DMAs has seen the pair bounce back

towards Krw1148.1. Bulls need a close above this level to confirm a break of the

200-DMA and a shift in focus to Krw1157.8-1161.0 where monthly highs are

situated. Bears now look for a close below the 100-DMA to hint at a move back to

2017 lows with a close below Krw1123.0 needed to confirm. Daily studies at O/B

levels and the Bollinger top (Krw1144.1) remain key concerns for bulls.

DOLLAR-MYR TECHS: Myr4.3112-3270 Resistance Region Key

*RES 4: Myr4.3270 - High June 28 

*RES 3: Myr4.3199 - 100-DMA 

*RES 2: Myr4.3112 - High Aug 16 

*RES 1: Myr4.2996 - Bollinger band top

*PRICE: Myr4.2979 @ 2300GMT

*SUP 1: Myr4.2846 - 21-DMA, 55-DMA 

*SUP 2: Myr4.2700 - Low Aug 11 

*SUP 3: Myr4.2664 - Low July 19 

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

*COMMENTARY: Broad sideways trading Myr4.2465-3270 continues with bulls

currently focused on Myr4.3112-3270. Bulls need a close above this region to

confirm a break of the 100-DMA and focus shift to Myr4.3520-3850 where the

200-DMA (Myr4.3730) is located. Bears now look for a close below the 21-DMA &

55-DMA to see immediate pressure return to Myr4.2664-00. The Bollinger top

remains the key concern for bulls.

DOLLAR-CNH TECHS: Cnh6.6831 Support Key Today

*RES 4: Cnh6.7377 - High July 31 

*RES 3: Cnh6.7196 - 21-DMA 

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

*RES 1: Cnh6.7028 - Daily Bear channel top

*PRICE: Cnh6.6869 @ 2300GMT

*SUP 1: Cnh6.6831 - Low Aug 15 

*SUP 2: Cnh6.6685 - Low Aug 14 

*SUP 3: Cnh6.6567 - 2017 Low Aug 11 

*SUP 4: Cnh6.6413 - Monthly Low Sept 16

*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 (Cnh6.6633) limiting follow through key concerns for

bears. Bulls take comfort in support layers emerging with bears needing a close

below Cnh6.6831 to reconfirm initial focus on 2017 lows. Bulls now look for a

close above the 21-DMA to add support to their case.

DOLLAR-PHP TECHS: Bears Need Close Below Php51.090

*RES 4: Php52.560 - Low July 18 2006 now resistance 

*RES 3: Php52.085 - Monthly Low July 10 2006 now resistance 

*RES 2: Php51.700 - High Aug 3 2006 

*RES 1: Php51.600 - High Aug 24 2006, 2017 High Aug 16

*PRICE: Php51.350 @ 2300GMT

*SUP 1: Php51.090 - Alternating daily support/resistance 

*SUP 2: Php50.900 - Lows Aug 11 & 14 

*SUP 3: Php50.840 - High July 25 now support

*SUP 4: Php50.680 - High Aug 9 now support, 21-DMA

*COMMENTARY: The lack of follow through on Wednesdays 2017 and 11 year highs is

less than ideal for bulls given the move looking a little overbought and daily

studies approaching O/B levels. The Php51.090 support remains key with bears

looking for a close below to ease bullish pressure and shift focus back to the

21-DMA. Bulls now need a close above Php51.700 to confirm focus on Php52.085-560

last seen in July 2006.

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: Thb33.31 - 21-DMA

*PRICE: Thb33.25 @ 2300GMT

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

*SUP 2: Thb33.13 - Low May 5 2015, Bollinger band base 

*SUP 3: Thb32.98 - Monthly Low May 1 2015 

*SUP 4: Thb32.74 - High Apr 27 now support

*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 (Thb33.72)

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

initially target May 2015 monthly lows.

DOLLAR-IDR TECHS: Bears Need Close Below Idr13340

*RES 4: Idr13415 - High May 19 

*RES 3: Idr13410 - High July 7 & 10 

*RES 2: Idr13387 - 100-WMA 

*RES 1: Idr13380 - Low July 11 now resistance

*PRICE: Idr13377 @ 2300GMT

*SUP 1: Idr13340 - Low Aug 15 

*SUP 2: Idr13327 - 55-DMA 

*SUP 3: Idr13295 - Low July 19, Bollinger band base 

*SUP 4: Idr13270 - Low Apr 26

*COMMENTARY: Narrowing Bollinger bands suggested a breakout with a bullish close

Wednesday seeing pressure back on the Idr13380 resistance. Bulls look for a

close above this level to confirm focus on Idr13410-415 where monthly highs are

located. Bears now need a close below Idr13340 to confirm a break of the 200-DMA

(Idr13346), easing bullish pressure and shifting focus back to the 55-DMA.

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

[TOPICS: MTABLE]