MNI Dollar-Asia Morning FX Technical Analysis

5 September 2017

By Kyle Shortland

Click below for today's MNI FX Technical Analysis Report -

http://tinyurl.com/pzkomnu

DOLLAR-SING TECHS: Sgd1.3605-38 Resistance Key

*RES 4: Sgd1.3688 - High Aug 15 

*RES 3: Sgd1.3678 - Bollinger band top 

*RES 2: Sgd1.3638 - High Aug 21 

*RES 1: Sgd1.3605 - 21-DMA

*PRICE: Sgd1.3566 @ 2300GMT

*SUP 1: Sgd1.3540 - Hourly support Sept 1 

*SUP 2: Sgd1.3501 - 2017 Sept 1 

*SUP 3: Sgd1.3467 - 200-WMA 

*SUP 4: Sgd1.3430 - Monthly Low Sept 7 2016

*COMMENTARY: The 21-DMA capped last week resulting in marginal fresh 2017 and

12mth lows with immediate focus on the 200-WMA. A close below the 200-WMA was

last seen in Sept 2014. Daily studies have corrected back to neutral levels and

are now well placed for a fresh leg lower. Bulls need a close above the 21-DMA

to ease immediate bearish pressure and above Sgd1.3638 to shift focus to

Sgd1.3682-88 where the 55-DMA is noted.

DOLLAR-WON TECHS: Pressuring 55-DMA

*RES 4: Krw1144.1 - High Aug 18

*RES 3: Krw1140.1 - Low Aug 18 now resistance

*RES 2: Krw1133.8 - High Sept 4

*RES 1: Krw1133.4 - 55-DMA

*PRICE: Krw1133.0 @ 2300GMT

*SUP 1: Krw1128.5 - Low Sept 4

*SUP 2: Krw1119.0 - Low Aug 28

*SUP 3: Krw1117.9 - Bollinger band base

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

*COMMENTARY: Daily studies correcting from O/S remain the key concern for bears

and have provided the impetus for a gapping move higher that sees the pair

flirting with the 55-DMA. Bulls now need a close above the 55-DMA to confirm a

shift in focus to Krw1140.1-1148.1 where the 200-DMA (Krw1145.8) is located.

Initial support is noted at Krw1128.5 with bears needing a close below to ease

pressure on the 55-DMA and initially target Krw1119.0.

DOLLAR-MYR TECHS: 55-DMA Resistance Capping, Remains Key

*RES 4: Myr4.3112 - High Aug 16 

*RES 3: Myr4.3030 - Bollinger band top 

*RES 2: Myr4.3020 - 100-DMA 

*RES 1: Myr4.2868 - 55-DMA

*PRICE: Myr4.2690 @ 2300GMT

*SUP 1: Myr4.2575 - Low Aug 29 

*SUP 2: Myr4.2465 - 2017 Low June 20 

*SUP 3: Myr4.2440 - Low Nov 10 

*SUP 4: Myr4.2380 - High Nov 9 now support

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

returned to the Myr4.2440-65 region where 2017 lows are located following the

most recent topside failure and closes below the 55-DMA. Bulls continue to look

for a close above the 55-DMA to ease bearish pressure and shift focus back to

Myr4.3020-3112 where the 100-DMA and Aug highs are situated.

DOLLAR-CNH TECHS: 200-WMA Now The Focus

*RES 4: Cnh6.6276 - High Aug 29 

*RES 3: Cnh6.6131 - High Aug 30 

*RES 2: Cnh6.5827 - Low Aug 30 now resistance 

*RES 1: Cnh6.5663 - High Sept 4

*PRICE: Cnh6.5284 @ 2300GMT

*SUP 1: Cnh6.5242 - 2017 Low Sept 4 

*SUP 2: Cnh6.5077 - Low May 6 2016 

*SUP 3: Cnh6.4923 - High Apr 29 2016 now support 

*SUP 4: Cnh6.4660 - Low Apr 20 2016

*COMMENTARY: The pair remains heavy as fresh 2017 and 12mth lows continue with

bears now focused on the 200-WMA (Cnh6.4420). Daily studies at O/S levels and

the Bollinger base (Cnh6.5368) remain key concerns for bears. Layers of

resistance continue to accumulate and weigh on the pair with bulls now needing a

close above Cnh6.5827 to ease bearish pressure and above Cnh6.6131 to hint at a

move back to the 21-DMA (Cnh6.6432).

DOLLAR-PHP TECHS: Bears Need Close Below Php50.900

*RES 4: Php51.700 - High Aug 3 2006 

*RES 3: Php51.630 - 2017 High Aug 18 

*RES 2: Php51.390 - Low Aug 18 now resistance 

*RES 1: Php51.250 - High Sept 4

*PRICE: Php51.165 @ 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: Php50.639 - 55-DMA

*COMMENTARY: The correction lower from 2017 and 11year highs sees bears focused

on Php50.900 with a close below needed to shift focus to Php50.485-680 where the

55-DMA and bull channel base are located. Daily studies have corrected back to

more neutral levels. Bulls still need a close above Php51.390 to reconfirm focus

on tests of Php51.630-700 where 2017 highs are located.

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

*RES 4: Thb33.53 - High July 26 

*RES 3: Thb33.41 - High July 27 

*RES 2: Thb33.22 - 21-DMA 

*RES 1: Thb33.20 - Daily Bear channel top

*PRICE: Thb33.16 @ 2300GMT

*SUP 1: Thb33.09 - 2017 Low Sept 4 

*SUP 2: Thb32.98 - Monthly Low May 1 2015 

*SUP 3: Thb32.60 - Daily Bear channel base 

*SUP 4: Thb32.52 - Low Apr 27 2015

*COMMENTARY: Hesitation ahead of May 2015 monthly lows continues with very

narrow Bollinger bands suggestive of a breakout. Bulls now need a close above

the 21-DMA to confirm an easing of bearish pressure. Bulls then need a close

above Thb33.41 to shift focus to layers of resistance Thb33.52-70 where the

longer term bear channel top is located. Bears need a close below Thb32.98 to

retain focus on Thb32.52-60 where the channel base it noted.

DOLLAR-IDR TECHS: Supported Ahead Of 100-DMA

*RES 4: Idr13415 - High May 19 

*RES 3: Idr13410 - High July 7 & 10 

*RES 2: Idr13380 - Low July 11 now resistance 

*RES 1: Idr13360 - 100-WMA

*PRICE: Idr13341 @ 2300GMT

*SUP 1: Idr13326 - 100-DMA 

*SUP 2: Idr13295 - Low July 19 

*SUP 3: Idr13270 - Low Apr 26 

*SUP 4: Idr13245 - 2017 Low Apr 13

*COMMENTARY: Broad sideways trading in a Idr13245-13415 range continues with

Idr13270-13380 on the narrow. Bulls continue to look for a close above Idr13380

to pressure Idr13415 and above this level to target Idr13485 2017 highs. Bears

still need a close below the 100-DMA to return focus to the lower end of the

dominant range. Bears look for a close below Idr13245 to initially target

Idr13175.

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

[TOPICS: MTABLE]