MNI Dollar-Asia Morning FX Technical Analysis

14 September 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: Bulls Look for Close Above 21-DMA

*RES 4: Sgd1.3625 - 55-DMA 

*RES 3: Sgd1.3584 - High Sept 4 

*RES 2: Sgd1.3545 - 21-DMA 

*RES 1: Sgd1.3513 - High Sept 13

*PRICE: Sgd1.3506 @ 2300GMT

*SUP 1: Sgd1.3477 - Alternating daily support/resistance, 200-WMA 

*SUP 2: Sgd1.3425 - High Sept 8 now support 

*SUP 3: Sgd1.3408 - Bollinger band base 

*SUP 4: Sgd1.3342 - 2017 Low Sept 8

*COMMENTARY: The recovery from Friday's 2017 lows continues with bulls now

looking for a close above the 21-DMA to add support to their case and above

Sgd1.3584 to initially pressure the 55-DMA. The Sgd1.3477 level is now initial

support with bears needing a close below to gain breathing room. A close below

Sgd1.3425 remains needed to return initial focus to recent 2017 lows. Daily

studies have room to move before O/B is an issue.

DOLLAR-WON TECHS: Krw1119.0 & Krw1136.1 Levels Key

*RES 4: Krw1144.1 - High Aug 18

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

*RES 2: Krw1136.1 - High Sept 6

*RES 1: Krw1132.4 - 55-DMA

*PRICE: Krw1128.5 @ 2300GMT

*SUP 1: Krw1125.1 - Low Sept 8

*SUP 2: Krw1119.6 - Bollinger band base

*SUP 3: Krw1119.0 - Low Aug 28

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

*COMMENTARY: A triangle has developed on the dailies that sees the Krw1119.0 &

Krw1136.1 levels as key. Bulls continue to look for a break above Krw1136.1 to

confirm a topside break and return initial focus to Krw1140.1-1148.1 where the

200-DMA and bear channel top are situated. Bears need a close below Krw1119.0 to

confirm a break to the downside and return initial focus to 2017 lows. Daily

studies remain at neutral levels.

DOLLAR-MYR TECHS: Bears Focused On Myr4.1400-1451

*RES 4: Myr4.2575 - Low Aug 29 now resistance 

*RES 3: Myr4.2485 - High Sept 6 

*RES 2: Myr4.2380 - Low Sept 6 now resistance 

*RES 1: Myr4.2210 - High Sept 7

*PRICE: Myr4.1888 @ 2300GMT

*SUP 1: Myr4.1800 - Low Nov 9 

*SUP 2: Myr4.1700 - Low Oct 27 

*SUP 3: Myr4.1451 - Daily Bear channel base 

*SUP 4: Myr4.1400 - Low Oct 11

*COMMENTARY: The pair is again looking heavy with pressure back on 2017 lows

following the failure to trouble the key Myr4.2210-2.80 resistance region. O/S

daily studies and the Bollinger base (Myr4.1890) remain key concerns for bears

with potential to limit follow through. In saying that, bears now focus on

Myr4.1400-1451 where the daily bear channel base is situated. Bulls need a close

above Myr4.2210 to ease bearish pressure.

DOLLAR-CNH TECHS: Bears Need Close Below Cnh6.5023

*RES 4: Cnh6.6131 - High Aug 30 

*RES 3: Cnh6.5827 - Low Aug 30 now resistance 

*RES 2: Cnh6.5663 - High Sept 4 

*RES 1: Cnh6.5507 - High Sept 6

*PRICE: Cnh6.5346 @ 2300GMT

*SUP 1: Cnh6.5053 - Low Sept 11 

*SUP 2: Cnh6.4442 - 200-WMA 

*SUP 3: Cnh6.4425 - 2017 Low Sept 8 

*SUP 4: Cnh6.4140 - Low Nov 25 2015

*COMMENTARY: The dip below the 200-WMA resulted in fresh 2017 and nearly 2year

lows Friday although the lack of follow through is hinting at a bigger

correction back to Cnh6.5827-6131 where the 21-DMA is located. Daily studies

correcting from very O/S levels add support the bullish case. Initial support

remains at Cnh6.5053 with bears needing a close below to ease bullish pressure

and return initial focus to 2017 lows.

DOLLAR-PHP TECHS: Bulls Need Close Above Php51.390

*RES 4: Php51.630 - 2017 High Aug 18 

*RES 3: Php51.390 - Low Aug 18 now resistance 

*RES 2: Php51.250 - High Sept 4 

*RES 1: Php51.115 - 21-DMA

*PRICE: Php50.975 @ 2300GMT

*SUP 1: Php50.830 - Low Sept 11 

*SUP 2: Php50.675 - Low Sept 8 

*SUP 3: Php50.667 - Daily Bull channel base 

*SUP 4: Php50.550 - Low Aug 9

*COMMENTARY: The dip below the 55-DMA (Php50.758) lacked follow through Friday

with bulls finding support ahead of the daily bull channel base. Daily studies

correcting higher add support to the bullish case for a test of the

Php51.250-390 resistance region although the 21-DMA may slow the move. Bears now

need a close below Php50.830 to ease pressure on the 21-DMA and retain focus on

the daily bull channel base.

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

*RES 4: Thb33.55 - Daily Bear channel top 

*RES 3: Thb33.53 - High July 26 

*RES 2: Thb33.41 - High July 27, 55-DMA 

*RES 1: Thb33.18 - 21-DMA

*PRICE: Thb33.13 @ 2300GMT

*SUP 1: Thb33.01 - 2017 Low Sept 7 & 8 

*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 the 21-DMA

continuing to cap. Bulls need a close above the 21-DMA to confirm an easing of

bearish pressure. Bulls then need a close above the 55-DMA to shift focus to

layers of resistance Thb33.53-55 where the longer-term bear channel top is

located. Bears still need a close below Thb32.98 to retain focus on Thb32.52-55

where a channel base it noted.

DOLLAR-IDR TECHS: Bulls Need Close Above Idr13245

*RES 4: Idr13295 - Low July 19 now resistance 

*RES 3: Idr13270 - Low June 15 now resistance 

*RES 2: Idr13245 - Low Apr 13 now resistance 

*RES 1: Idr13222 - High Sept 12

*PRICE: Idr13201 @ 2300GMT

*SUP 1: Idr13175 - Low Sept 12 

*SUP 2: Idr13135 - 2017 Low Sept 11 

*SUP 3: Idr13049 - Low Sept 11 2016 

*SUP 4: Idr12975 - Low Oct 11 2016

*COMMENTARY: The pair looked heavy Friday following Thursday's close below the

100-DMA (Idr13222) and bears were not disappointed with a series of fresh 2017

and 12mth lows that now see bears targeting the 200-WMA. The move looks a little

O/S with an increased risk of a correction. Bulls now need a close above

Idr13245 to shift initial focus to Idr13270-295.

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

[TOPICS: MTABLE]