MNI Dollar-Asia Morning FX Technical Analysis

28 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: Focus Shifts To Sgd1.3638-1.3720

*RES 4: Sgd1.3677 - Daily Bear channel top 

*RES 3: Sgd1.3638 - High Aug 21 

*RES 2: Sgd1.3610 - High Aug 31 

*RES 1: Sgd1.3538 - High Sept 14

*PRICE: Sgd1.3595 @ 2300GMT

*SUP 1: Sgd1.3584 - High Sept 4 now support 

*SUP 2: Sgd1.3571 - 55-DMA 

*SUP 3: Sgd1.3538 - High Sept 14 now support 

*SUP 4: Sgd1.3500 - 21-DMA

*COMMENTARY: This week has seen closes above the 21-DMA (Sgd1.3500) and now the

55-DMA with focus having shifted to Sgd1.3638-1.3720 where the 100-DMA and daily

bear channel top are situated. Daily studies approaching O/B and the Bollinger

top are key concerns for bulls. In saying that, bears now need a close below the

55-DMA to ease bullish pressure and below the 21-DMA to shift initial focus back

to Sgd1.3399-1.3430 and overall focus to 2017 lows.

DOLLAR-WON TECHS: Pressure Back On 200-DMA

*RES 4: Krw1154.3 - Low July 7 now resistance

*RES 3: Krw1148.1 - High Aug 11

*RES 2: Krw1144.1 - High Aug 18

*RES 1: Krw1142.2 - 200-DMA

*PRICE: Krw1140.7 @ 2300GMT

*SUP 1: Krw1137.5 - High Sept 26 now support

*SUP 2: Krw1133.0 - High Sept 25 now support

*SUP 3: Krw1129.5 - 55-DMA

*SUP 4: Krw1127.5 - Rising daily TL

*COMMENTARY: Failure to close below key DMAs on Monday's dip has resulted in

gains and immediate focus back on the 200-DMA. Bulls look for a close above

Krw1144.1 to confirm a break of the 200-DMA and above Sgd1148.1 to confirm focus

on July highs. The Bollinger top is the key concern for bulls with potential to

limit follow through. Bears need a close below Krw1137.5 to gain breathing room

and below Krw1133.0 to pressure the rising daily TL.

DOLLAR-MYR TECHS: Hesitating Around 21-DMA

*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: Myr4.2258 - High Sept 27

*PRICE: Myr4.2205 @ 2300GMT

*SUP 1: Myr4.2130 - High Sept 26 now support 

*SUP 2: Myr4.1870 - Low Sept 20 

*SUP 3: Myr4.1810 - 2017 Low Sept 8 

*SUP 4: Myr4.1700 - Low Oct 27

*COMMENTARY: The failure to break below Myr4.1800 has resulted in a correction

higher with the pair now flirting with the 21-DMA. Bulls now look for a close

above Myr4.2258 to confirm a break of the 21-DMA and above Myr4.2380 to shift

focus back to Myr4.2575-2680 where the 55-DMA and daily bear channel to are

situated. Bears now need a close back below Myr4.2130 to ease pressure on the

21-DMA and retain focus on 2017 lows.

DOLLAR-CNH TECHS: Pressuring 55-DMA

*RES 4: Cnh6.6886 - High Aug 17 

*RES 3: Cnh6.6748 - Low Aug 17 now resistance 

*RES 2: Cnh6.6539 - Low Aug 24 now resistance 

*RES 1: Cnh6.6511 - 55-DMA

*PRICE: Cnh6.6418 @ 2300GMT

*SUP 1: Cnh6.6227 - Low Sept 27

*SUP 2: Cnh6.6053 - Low Sept 26 

*SUP 3: Cnh6.5860 - High Sept 22 now support

*SUP 4: Cnh6.5650 - 21-DMA

*COMMENTARY: The recovery from 2017 lows now sees the pair pressuring the

55-DMA. Bulls now look for a close above Cnh6.6539 to confirm a break of the

55-DMA and initially focus on Cnh6.8886-7153. Daily studies looking to correct

from O/B and the Bollinger band top (Cnh6.6469) remain key concerns for bulls.

Bears now look for a close below Cnh6.6053 to shift focus back to Cnh6.5573-5650

where the 21-DMA is noted.

DOLLAR-PHP TECHS: Bounce Sees Bulls Regain Control

*RES 4: Php51.390 - Low Aug 18 now resistance 

*RES 3: Php51.295 - High Sept 15 

*RES 2: Php51.289 - Bollinger band top 

*RES 1: Php51.125 - Daily Bear channel top

*PRICE: Php51.020 @ 2300GMT

*SUP 1: Php50.851 - 55-DMA 

*SUP 2: Php50.720 - Low Sept 27 

*SUP 3: Php50.550 - Low Aug 9 

*SUP 4: Php50.437 - 100-DMA

*COMMENTARY: Time spent below the 55-DMA was brief with the recovery seeing the

pair flirting with the 21-DMA (Php51.018). Bulls now look for a close above

Php51.390 to return focus to 2017 highs. Daily studies are well placed for a

fresh leg higher. Bears now need a close below the 55-DMA to ease renewed

bullish pressure and shift focus back to Php50.437-550 where the 100-DMA is

located.

DOLLAR-THB TECHS: Focus On Bear Channel Top

*RES 4: Thb33.63 - 100-DMA 

*RES 3: Thb33.53 - High July 26 

*RES 2: Thb33.41 - High July 27, Daily Bear channel top 

*RES 1: Thb33.35 - High Sept 27

*PRICE: Thb33.31 @ 2300GMT

*SUP 1: Thb33.25 - 55-DMA 

*SUP 2: Thb33.13 - 21-DMA 

*SUP 3: Thb33.01 - 2017 Low Sept 7 & 8 

*SUP 4: Thb32.98 - Monthly Low May 1 2015

*COMMENTARY: Hesitation ahead of May 2015 monthly lows defined September with

bulls taking comfort in closes above 21 & 55-DMAs and focus currently on

Php33.410 where the bear channel top is located. Bulls now look for a close

above this level to shift focus to Thb33.53-70 where the 100-DMA is located.

Layers of support are building with bears now needing a close below the 55-DMA

to ease pressure on the bear channel top.

DOLLAR-IDR TECHS: Bulls Focused On 2017 High

*RES 4: Idr13585 - 2017 High Dec 1 

*RES 3: Idr13540 - Low Dec 1 now resistance 

*RES 2: Idr13485 - 2017 High Jan 3 

*RES 1: Idr13435 - High Sept 27

*PRICE: Idr13435 @ 2300GMT

*SUP 1: Idr13415 - High May 19 now support 

*SUP 2: Idr13410 - High July 7 & 10 now support 

*SUP 3: Idr13380 - Alternating daily support/resistance 

*SUP 4: Idr13352 - High Aug 31 now support

*COMMENTARY: The recovery from 2017 lows now sees bullish focus back on the 2017

highs. O/B daily studies and the Bollinger top (Idr13426) are key concerns for

bulls with potential to limit follow through. Layers of support have been left

behind with bears now needing a close below Idr13380 to ease bullish pressure

and below Idr13352 to pressure key DMAs.

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

[TOPICS: MTABLE]