MNI Dollar-Asia Morning FX Technical Analysis

19 September 2017

By Kyle Shortland

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

http://tinyurl.com/pzkomnu

DOLLAR-SING TECHS: Bulls Look for Close Above Sgd1.3538

*RES 4: Sgd1.3584 - High Sept 4 

*RES 3: Sgd1.3538 - High Sept 14 

*RES 2: Sgd1.3519 - 21-DMA 

*RES 1: Sgd1.3496 - High Sept 18

*PRICE: Sgd1.3471 @ 2300GMT

*SUP 1: Sgd1.3420 - Low Sept 18 

*SUP 3: Sgd1.3394 - Bollinger band base 

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

*SUP 4: Sgd1.3316 - Daily Bear channel base

*COMMENTARY: The 21-DMA capped the recovery from 2017 lows last week with bears

currently focused on retests of 2017 lows. Bears now look for a close below

Sgd1.3420 to add weight to their case. Bulls now need a close above Sgd1.3538 to

confirm a break of the 21-DMA and ease bearish pressure, shifting focus to

Sgd1.3584-1.3638 where the 55-DMA (Sgd1.3606) is situated.

DOLLAR-WON TECHS: Krw1119.0 & Krw1136.5 Levels Now Key

*RES 4: Krw1144.1 - High Aug 18

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

*RES 2: Krw1137.9 - Bollinger band top

*RES 1: Krw1136.5 - High Sept 15

*PRICE: Krw1126.6 @ 2300GMT

*SUP 1: Krw1125.1 - Low Sept 8

*SUP 2: Krw1121.0 - Bollinger band base

*SUP 3: Krw1119.0 - Low Aug 28

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

*COMMENTARY: The break to the topside lacked follow through Friday with the pair

correcting lower and remaining heavy Monday. Immediate pressure is back on the

Krw1125.1 support. Bears look for a close below Krw1125.1 to hint at a move back

to 2017 lows with a close below Krw1119.0 needed to confirm. Bulls now need a

close above Krw1135.5 to shift focus to the 200-DMA (Krw1143.5).

DOLLAR-MYR TECHS: Bears Focused On Myr4.1400-1405

*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: Myr4.1896 @ 2300GMT

*SUP 1: Myr4.1800 - Low Nov 9 

*SUP 2: Myr4.1700 - Low Oct 27 

*SUP 3: Myr4.1405 - 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 (Myr4.1684) remain key concerns for bears

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

Myr4.1400-1405 where the daily bear channel base is situated. Bulls need a close

above Myr4.2210 to ease bearish pressure.

DOLLAR-CNH TECHS: Pressuring 21-DMA

*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: Cnh6.5740 - 21-DMA

*PRICE: Cnh6.5732 @ 2300GMT

*SUP 1: Cnh6.5409 - Low Sept 18 

*SUP 2: Cnh6.5219 - Low Sept 13 

*SUP 3: Cnh6.5053 - Low Sept 11 

*SUP 4: Cnh6.4467 - 200-WMA

*COMMENTARY: The dip below the 200-WMA in past weeks resulted in fresh 2017 and

nearly 2year lows although the lack of follow through has seen pressure return

to the 21-DMA. Bulls need a close above Cnh6.5827 to confirm a break of the

21-DMA and above Cnh6.6131 to confirm focus on Cnh6.6539-6750 where the 55-DMA

is noted. Initial support is seen at Cnh6.5409 but bears look for a close below

Cnh6.5219 to return focus to the 200-DMA.

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

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

*RES 3: Php51.451 - Bollinger band top 

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

*RES 1: Php51.295 - High Sept 15

*PRICE: Php51.100 @ 2300GMT

*SUP 1: Php51.040 - High Sept 13 now support 

*SUP 2: Php50.830 - Low Sept 11 

*SUP 3: Php50.805 - 55-DMA 

*SUP 4: Php50.726 - Daily Bull channel base

*COMMENTARY: The recovery from the dip below the 55-DMA has stalled ahead of the

Php51.390 resistance. Bulls continue to look for a close above this level to

return initial focus to tests of 2017 highs. Bears now need a close below

Php51.040 to ease pressure on Php51.390 and return focus to Php50.675-830 where

the daily bull channel base and 55-DMA are found. Narrowing Bollinger bands

initially suggest sideways trading before a breakout.

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

*RES 4: Thb33.53 - High July 26 

*RES 3: Thb33.51 - Daily Bear channel top 

*RES 2: Thb33.41 - High July 27 

*RES 1: Thb33.16 - 21-DMA

*PRICE: Thb33.08 @ 2300GMT

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

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

*SUP 3: Thb32.52 - Low Apr 27 2015 

*SUP 4: Thb32.51 - Daily Bear channel base

*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 Thb33.53 to confirm breaks of

the 55-DMA (Thb33.36) and bear channel top with immediate focus shifting to

Thb33.70-88. Bears still need a close below Thb32.98 to retain focus on

Thb32.51-52 where a channel base it noted.

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

*RES 4: Idr13298 - 21-DMA 

*RES 3: Idr13295 - Low July 19 now resistance

*RES 2: Idr13270 - Low June 15 now resistance 

*RES 1: Idr13267 - High Sept 15

*PRICE: Idr13250 @ 2300GMT

*SUP 1: Idr13220 - Low Sept 14 

*SUP 2: Idr13175 - Low Sept 12 

*SUP 3: Idr13135 - 2017 Low Sept 11 

*SUP 4: Idr13049 - Low Sept 11 2016

*COMMENTARY: The recovery from 2017 lows sees daily studies correcting from O/S

and adding support to the correction case. The Idr13267-298 resistance region is

now key. Bulls need a close above the 21-DMA to hint a at a shift higher in

focus with above the 200-DMA (Idr13333) to shift focus back to Idr13380-13415.

Initial support is noted at Idr13220 with bears needing a close below to retain

focus on retests of 2017 lows.

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

[TOPICS: MTABLE]