MNI Dollar-Asia Morning FX Technical Analysis

4 October 2017

By Kyle Shortland

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

http://tinyurl.com/pzkomnu

DOLLAR-SING TECHS: Bear Channel Top Capping

*RES 4: Sgd1.3688 - Monthly High Aug 15 

*RES 3: Sgd1.3682 - 100-DMA 

*RES 2: Sgd1.3659 - Daily Bear channel top 

*RES 1: Sgd1.3643 - Hourly support Oct 3 now resistance

*PRICE: Sgd1.3615 @ 2200GMT

*SUP 1: Sgd1.3566 - 55-DMA 

*SUP 2: Sgd1.3538 - High Sept 14 now support 

*SUP 3: Sgd1.3504 - 21-DMA 

*SUP 4: Sgd1.3430 - Low Sept 22

*COMMENTARY: The 55-DMA supported to start the new week with the bounce Tuesday

resulting in a test of the daily bear channel top. 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: 100-DMA Resistance Key

*RES 4: Myr4.2712 - 100-DMA 

*RES 3: Myr4.2593 - Daily Bear channel top 

*RES 2: Myr4.2567 - 55-DMA 

*RES 1: Myr4.2550 - High Sept 28

*PRICE: Myr4.2375 @ 2300GMT

*SUP 1: Myr4.2138 - 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 confirmed significance during Sept

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

pair remained capped ahead of the Myr4.2550-2712 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: Bears Need Close Below Cnh6.6346

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

*RES 3: Cnh6.6962 - 100-WMA 

*RES 2: Cnh6.6904 - High Oct 3 

*RES 1: Cnh6.6861 - Bollinger band to

*PRICE: Cnh6.6680 @ 2300GMT

*SUP 1: Cnh6.6461 - 55-DMA

*SUP 2: Cnh6.6346 - Low Sept 29

*SUP 3: Cnh6.6227 - Low Sept 27

*SUP 4: Cnh6.6053 - Low Sept 26

*COMMENTARY: Bulls take comfort in consolidation above the 55-DMA although

topside hesitation combined with daily studies overdue a correction is less than

ideal. In saying that, bulls are currently focused on the Cnh6.7154-7377 region

where the 100-DMA (Cnh6.7188) is located. Bears continue to look for a close

below Cnh6.6346 to confirm a break of the 55-DMA and below Cnh6.6053 to shift

focus back to Cnh6.5800-60 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: Php51.260 - High Oct 3 

*RES 1: Php51.257 - Bollinger band top

*PRICE: Php51.050 @ 2300GMT

*SUP 1: Php50.721 - Bollinger band base 

*SUP 2: Php50.720 - Low Sept 27 

*SUP 3: Php50.550 - Low Aug 9 

*SUP 4: Php50.480 - 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 (Php50.215) is

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

bullish bias and initially pressure 2017 highs. The Bollinger bands remain 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: Thb33.60 - 100-DMA 

*RES 1: Thb33.54 - High Oct 3

*PRICE: Thb33.36 @ 2300GMT

*SUP 1: Thb33.24 - 55-DMA 

*SUP 2: Thb33.16 - 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

Php33.54-70 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: Dec Highs Cap On 1st Attempt

*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, 2017 High Oct 3

*PRICE: Idr13540 @ 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: Idr13333 - 200-DMA

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

10mth highs and a test of the Dec 1 2016 monthly high. Hesitation at this levels

is less than ideal given daily studies looking to correct from O/B and the

Bollinger top (Idr13548) limiting follow through. Initial support remains at

Idr13470 with bears needing a close below to ease immediate bullish pressure and

below Idr13415 to shift focus back to key DMAs Idr13324-13333.

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

[TOPICS: MTABLE]