MNI Dollar-Asia Morning FX Technical Analysis

7 September 2017

By Kyle Shortland

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

http://tinyurl.com/pzkomnu

DOLLAR-SING TECHS: Bears Focused on 200-WMA

*RES 4: Sgd1.3638 - High Aug 21 

*RES 3: Sgd1.3587 - 21-DMA 

*RES 2: Sgd1.3584 - High Sept 4 

*RES 1: Sgd1.3543 - Hourly resistance Sept 5

*PRICE: Sgd1.3495 @ 2300GMT

*SUP 1: Sgd1.3477 - 2017 Low Sept 6 

*SUP 2: Sgd1.3473 - 200-WMA 

*SUP 3: Sgd1.3430 - Monthly Low Sept 7 2016, Weekly Bolli Base 

*SUP 4: Sgd1.3381 - Low Aug 18 2016

*COMMENTARY: The 21-DMA capped last week resulting in fresh 2017 and 12mth lows

Wednesday 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

Sgd1.3661-88 where the 55-DMA is noted.

DOLLAR-WON TECHS: Bulls Shifts Focus To Krw1140.1-1148.1

*RES 4: Krw1148.1 - High Aug 11

*RES 3: Krw1145.4 - 200-DMA

*RES 2: Krw1144.1 - High Aug 18

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

*PRICE: Krw1135.4 @ 2300GMT

*SUP 1: Krw1133.4 - 55-DMA

*SUP 2: Krw1128.5 - Low Sept 4

*SUP 3: Krw1119.1 - Bollinger band base

*SUP 4: Krw1119.0 - Low Aug 28

*COMMENTARY: Daily studies correcting from O/S saw pressure return to the 55-DMA

with the close above now shifting initial focus to Krw1140.1-1148.1 where the

200-DMA is situated. Bears now look for a close below the 55-DMA to gain

breathing room and below Krw1128.5 to signal a false break higher and see

initial focus return to Krw1119.0. Daily studies have corrected back to more

neutral levels and giving few clues.

DOLLAR-MYR TECHS: Pressuring 100-WMA

*RES 4: Myr4.2811 - 21-DMA 

*RES 3: Myr4.2680 - High Sept 5 

*RES 2: Myr4.2575 - Low Aug 29 now resistance 

*RES 1: Myr4.2485 - High Sept 6

*PRICE: Myr4.2388 @ 2300GMT

*SUP 1: Myr4.2388 - 2017 Low Sept 6 

*SUP 2: Myr4.2380 - High Nov 9 now support 

*SUP 3: Myr4.2362 - 100-WMA 

*SUP 4: Myr4.1800 - Low Nov 9

*COMMENTARY: Sideways trading that has defined since June has ended with a

bearish close and fresh 2017 lows that see immediate focus on the 100-WMA with a

close below needed to confirm focus on Myr4.1800. The Bollinger base (Myr4.2533)

is the key concern for bears and sees the move looking a little ahead of itself.

In saying that, bulls now need a close above Myr4.2575 to ease bearish pressure

and above Myr4.2680 to shift focus back to 21 & 55-DMAs.

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: Cnh6.5393 @ 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 after recent fresh 2017 and 12mth lows with

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

the Bollinger base (Cnh6.5152) remain key concerns for bears. Layers of

resistance remain and weigh on the pair with bulls still needing a close above

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

Cnh6.6539.

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: Php50.095 @ 2300GMT

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

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

*SUP 3: Php50.695 - 55-DMA

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

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

on Php50.900 with a close below needed to shift focus to Php50.485-695 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: Thb33.49 - 55-DMA 

*RES 3: Thb33.41 - High July 27 

*RES 2: Thb33.21 - 21-DMA 

*RES 1: Thb33.16 - Daily Bear channel top

*PRICE: Thb33.13 @ 2300GMT

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

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

*SUP 3: Thb32.55 - 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 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 Thb33.49-62 where the

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

retain focus on Thb32.52-55 where the channel base it noted.

DOLLAR-IDR TECHS: 

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

[TOPICS: MTABLE]