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3 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: Sgd1.3688 - Monthly High Aug 15 
*RES 3: Sgd1.3686 - 100-DMA 
*RES 2: Sgd1.3663 - Daily Bear channel top 
*RES 1: Sgd1.3646 - High Sept 28
*PRICE: Sgd1.3615 @ 2200GMT
*SUP 1: Sgd1.3566 - 55-DMA 
*SUP 2: Sgd1.3538 - High Sept 14 now support 
*SUP 3: Sgd1.3502 - 21-DMA 
*SUP 4: Sgd1.3430 - Low Sept 22
*COMMENTARY: The 55-DMA has supported to start the new week with the bounce
seeing pressure back on key resistance layers Sgd1.3646-1.3720. Bulls continue
to look for a close above Sgd1.3720 to confirm a break of the 100-DMA and bear
channel top with immediate focus shifting to Sgd1.3787. Bears still need a close
below Sgd1.3538 to confirm a false break of the 55-DMA (Sgd1.3566) and below the
21-DMA to return focus to tests of 2017 lows.
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 @ 2200GMT
*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: Myr4.2722 - 100-DMA 
*RES 3: Myr4.2593 - Daily Bear channel top 
*RES 2: Myr4.2577 - 55-DMA 
*RES 1: Myr4.2550 - High Sept 28
*PRICE: Myr4.2301 @ 2300GMT
*SUP 1: Myr4.2159 - 21-DMA 
*SUP 2: Myr4.1870 - Low Sept 20 
*SUP 3: Myr4.1810 - 2017 Low Sept 8 
*SUP 4: Myr4.1700 - Low Oct 27
*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 Myr4.2577-2722 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 the 21-DMA to return pressure on
Myr4.1800-70.
DOLLAR-CNH TECHS: Cnh6.6053-6346 Support Key
*RES 4: Cnh6.7154 - Low Aug 1 now resistance 
*RES 3: Cnh6.6962 - 100-WMA 
*RES 2: Cnh6.6886 - High Aug 17 
*RES 1: Cnh6.6785 - High Sept 28
*PRICE: Cnh6.6723 @ 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
(Cnh6.6476) with the pair gaining traction above Monday. 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 Cnh6.6346 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: Php51.390 - Low Aug 18 now resistance 
*RES 3: Php51.295 - High Sept 15 
*RES 2: Php51.272 - Bollinger band top 
*RES 1: Php51.165 - High Sept 28
*PRICE: Php51.080 @ 2300GMT
*SUP 1: Php50.721 - Bollinger band base 
*SUP 2: Php50.720 - Low Sept 27 
*SUP 3: Php50.550 - Low Aug 9 
*SUP 4: Php50.468 - 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 (Php50.209) 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: Thb33.41 @ 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 Thb34.16-28 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: Immediate Focus On Dec Highs
*RES 4: Idr13975 - 2016 High Jan 7 
*RES 3: Idr13820 - High Feb 3 2016 
*RES 2: Idr13698 - High June 2 2016 
*RES 1: Idr13585 - High Dec 1 2016
*PRICE: Idr13535 @ 2300GMT
*SUP 1: Idr13470 - Low Oct 2 
*SUP 2: Idr13415 - High May 19 now support 
*SUP 3: Idr13410 - High July 7 & 10 now support 
*SUP 4: Idr13332 - 200-DMA
*COMMENTARY: The recovery from 2017 lows has again 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 (Idr13517) remain key concerns for bulls.
Bears now look for a close below Idr1.470 to ease immediate bullish pressure and
below Idr13415 to shift focus back to key DMAs Idr13314-13332.
--MNI Beijing Bureau; tel: +44 207-862-7435; email: kyle.shortland@mni-news.com
[TOPICS: MTABLE]

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