MNI Dollar-Asia Morning FX Technical Analysis

2 October 2017

By Kyle Shortland

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

http://tinyurl.com/pzkomnu

DOLLAR-SING TECHS: Sgd1.3646-1.3720 Resistance Region Remains Key

*RES 4: Sgd1.3689 - 100-DMA 

*RES 3: Sgd1.3668 - Daily Bear channel top 

*RES 2: Sgd1.3646 - High Sept 28 

*RES 1: Sgd1.3593 - High Sept 29

*PRICE: Sgd1.3572 @ 2300GMT

*SUP 1: Sgd1.3538 - High Sept 14 now support 

*SUP 2: Sgd1.3500 - 21-DMA 

*SUP 3: Sgd1.3430 - Low Sept 22 

*SUP 4: Sgd1.3399 - Low Sept 20

*COMMENTARY: Last week's rally stalled ahead of the daily bear channel top with

pressure having returned to the Sgd1.3538 support as a result. Bears now need a

close below Sgd1.3538 to confirm a false break of the 55-DMA (Sgd1.3568) and

below the 21-DMA to return focus to tests of 2017 lows. Layers of resistance

Sgd1.3646-1.3720 remain key. Bulls need a close above Sgd1.3720 to end bearish

hopes and hint at a move targeting the 200-DMA (Sgd1.3907).

DOLLAR-WON TECHS: Bears Need Close Below 200-DMA

*RES 4: Krw1157.9 - Monthly High July 6

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

*RES 2: Krw1152.4 - 100-WMA

*RES 1: Krw1150.0 - High Sept 28

*PRICE: Krw1145.4 @ 2300GMT

*SUP 1: Krw1142.1 - 200-DMA

*SUP 2: Krw1137.5 - High Sept 26 now support

*SUP 3: Krw1133.0 - High Sept 25 now support

*SUP 4: Krw1129.8 - 55-DMA

*COMMENTARY: A gapping move higher and bullish close Thursday saw bullish

confidence boosted and bulls now focused on tests of July highs. Daily studies

have a little room to move but the Bollinger top (Krw1145.0) remains the key

concern with potential to limit follow through. Bears still need a close below

the 200-DMA to ease bullish pressure and below Krw1137.5 to shift focus lower.

Bulls look for a close above the 100-WMA to add support to their case.

DOLLAR-MYR TECHS: Capped Ahead Of 55-DMA Last Week

*RES 4: Myr4.2734 - 100-DMA 

*RES 3: Myr4.2608 - Daily Bear channel top 

*RES 2: Myr4.2589 - 55-DMA 

*RES 1: Myr4.2550 - High Sept 28

*PRICE: Myr4.2232 @ 2300GMT

*SUP 1: Myr4.1870 - Low Sept 20 

*SUP 2: Myr4.1810 - 2017 Low Sept 8 

*SUP 3: Myr4.1700 - Low Oct 27 

*SUP 4: Myr4.1586 - Bollinger band base

*COMMENTARY: The Myr4.1800-70 support region continues to confirm significance

with the pair bouncing aggressively from a dip back to this region Thursday. The

pair remained capped ahead of the Myr4.2589-2734 resistance region with bulls

needing a close above the 100-DMA to end bearish hopes and shift focus to

Myr4.3112. Bears need a close below Myr4.1800 to reconfirm the bearish bias and

target the channel base (Myr4.1277).

DOLLAR-CNH TECHS: Cnh6.6053-6227 Support Key

*RES 4: Cnh6.7154 - Low Aug 1 now resistance 

*RES 3: Cnh6.6886 - High Aug 17 

*RES 2: Cnh6.6785 - High Sept 28 

*RES 1: Cnh6.6685 - Bollinger band top

*PRICE: Cnh6.6470 @ 2300GMT

*SUP 1: Cnh6.6346 - Low Sept 29

*SUP 2: Cnh6.6227 - Low Sept 27

*SUP 3: Cnh6.6053 - Low Sept 26 

*SUP 4: Cnh6.5860 - High Sept 22 now support

*COMMENTARY: The recovery from 2017 lows resulted in spikes above the 55-DMA

(Cnh6.6471) but follow through has been lacking. Daily studies looking to

correct from O/B and the Bollinger top limiting follow through increase the risk

of a correction lower. Bears now need a close below Cnh6.6227 to confirm a break

of the 55-DMA and below Cnh6.6053 to shift focus back to Cnh6.5573-5860 where

the 21-DMA is located.

DOLLAR-PHP TECHS: Broad Sideways Trading Persists

*RES 4: Php51.295 - High Sept 15 

*RES 3: Php51.278 - Bollinger band top 

*RES 2: Php51.165 - High Sept 28 

*RES 1: Php50.970 - Low Sept 28 now resistance

*PRICE: Php50.815 @ 2300GMT

*SUP 1: Php50.720 - Low Sept 27 

*SUP 2: Php50.719 - Bollinger band base 

*SUP 3: Php50.550 - Low Aug 9 

*SUP 4: Php50.457 - 100-DMA

*COMMENTARY: Broad sideways trading within a Php50.550-51.295 range continues.

Bears look for a close below the 100-DMA to confirm a break to the downside with

immediate focus shifting to Php50.110-250 where the 200-DMA (Php50.202) is

located. Bulls continue to look for a close above Php51.295 to reconfirm the

bullish bias and initially pressure 2017 highs. The Bollinger base is the key

concern for bears with potential to limit follow through.

DOLLAR-THB TECHS: Bears Need Close Below 55-DMA

*RES 4: Thb33.80 - Low June 14 now resistance 

*RES 3: Thb33.70 - High July 20 

*RES 2: Thb33.61 - 100-DMA 

*RES 1: Thb33.53 - High July 26

*PRICE: Thb33.38 @ 2300GMT

*SUP 1: Thb33.24 - 55-DMA 

*SUP 2: Thb33.15 - 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

Php33.53-70 where the 100-DMA is located. Bulls now look for a close above

Thb33.70 to hint at a move back to Thb34.16-29 with above Thb33.88 to confirm.

Bears need a close below the 55-DMA to ease bullish pressure and below the

21-DMA to pressure 2017 lows.

DOLLAR-IDR TECHS: Fresh 2017 Highs Lacking Follow Through

*RES 4: Idr13820 - High Feb 3 2016 

*RES 3: Idr13698 - High June 2 2016 

*RES 2: Idr13585 - 2016 High Dec 1 

*RES 1: Idr13550 - 2017 High Sept 28

*PRICE: Idr13470 @ 2300GMT

*SUP 1: Idr13415 - High May 19 now support 

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

*SUP 3: Idr13332 - 200-DMA 

*SUP 4: Idr13305 - 21-DMA

*COMMENTARY: The recovery from 2017 lows has resulted in fresh 2017 and 10mth

highs with immediate bullish focus on Dec 2016 monthly highs. O/B daily studies

and the Bollinger band top (Idr13482) remain key concerns for bulls. Bears now

look for a close below Idr13415 to shift focus back to hint at a test of the

200-DMA (Idr13332). Overall a close below Idr13295 is needed to return focus to

2017 lows (Idr13135).

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

[TOPICS: MTABLE]