MNI Dollar-Asia Morning FX Technical Analysis

18 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: 21-DMA Continues To Support

*RES 4: Sgd1.3730 - 55-DMA 

*RES 3: Sgd1.3720 - High July 17 

*RES 2: Sgd1.3688 - High Aug 15 

*RES 1: Sgd1.3676 - Bollinger band top

*PRICE: Sgd1.3658 @ 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: Despite topside hesitation ahead of the 55-DMA, bulls take comfort

from support around 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 Sgd1.3720-30 where the 55-DMA is situated. The Bollinger top remains a

concern and limits follow through.

DOLLAR-WON TECHS: Bears Need Close Below 100-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: Krw1143.3 - Low Aug 11 now resistance

*PRICE: Krw1141.5 @ 2300GMT

*SUP 1: Krw1134.1 - Low Aug 17

*SUP 2: Krw1132.2 - 55-DMA

*SUP 3: Krw1130.1 - 100-DMA

*SUP 4: Krw1126.7 - 21-DMA

*COMMENTARY: Support emerging ahead of key DMAs saw 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 (Krw1145.3) remain key concerns for bulls.

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

*RES 4: Myr4.3270 - High June 28 

*RES 3: Myr4.3187 - 100-DMA 

*RES 2: Myr4.3112 - High Aug 16 

*RES 1: Myr4.2989 - Bollinger band top

*PRICE: Myr4.2938 @ 2300GMT

*SUP 1: Myr4.2847 - 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 (Myr4.3735) is located. Bears now look for a close below the 55-DMA to

see immediate pressure return to Myr4.2664-00. The Bollinger top remains the key

concern for bulls.

DOLLAR-CNH TECHS: Looking Heavy Again

*RES 4: Cnh6.7377 - High July 31 

*RES 3: Cnh6.7161 - 21-DMA 

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

*RES 1: Cnh6.6985 - Daily Bear channel top

*PRICE: Cnh6.6814 @ 2300GMT

*SUP 1: Cnh6.6748 - Low Aug 17 

*SUP 2: Cnh6.6685 - Low Aug 14 

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

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

*COMMENTARY: The recovery from last week's 2017 lows has stalled around the bear

channel top with the close below Cnh6.6831 leaving the pair looking a little

heavy. The 21-DMA is key resistance today with bulls needing a close above to

confirm an easing of bearish pressure and above Cnh6.7483 to target the 55-DMA

(Cnh6.7647). While the 21-DMA caps bears retain the advantage and target

Cnh6.6413.

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: Php51.355 @ 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

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

Php50.680. Bulls now need a close above Php51.700 to confirm focus on

Php52.085-560 last seen in July 2006.

DOLLAR-THB TECHS: 21-DMA Continues To Cap

*RES 4: Thb33.70 - High July 20 

*RES 3: Thb33.53 - High July 26 

*RES 2: Thb33.41 - High July 27 

*RES 1: Thb33.30 - 21-DMA

*PRICE: Thb33.24 @ 2300GMT

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

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

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

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

*COMMENTARY: The 21-DMA continues to cap the pair with bulls still needing a

close above Thb33.41 to gain breathing room and above Thb33.53 to target a

correction back to Thb33.69-88 where the 55-DMA (Thb33.69) is located. Bears

continue to look for a close below Thb33.13 to reconfirm the bearish bias and

initially target May 2015 monthly lows and then Thb32.74. The Bollinger base

(Thb33.15) remains the key concern for bears.

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: Idr13328 - 55-DMA 

*SUP 3: Idr13295 - Low July 19 

*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

(Idr13347), 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]