MNI Dollar-Asia Morning FX Technical Analysis

10 October 2017

By Kyle Shortland

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

http://tinyurl.com/pzkomnu

DOLLAR-SING TECHS: Sgd1.3720 Resistance Remains Key

*RES 4: Sgd1.3720 - High July 17 

*RES 3: Sgd1.3688 - Monthly High Aug 15 

*RES 2: Sgd1.3672 - 100-DMA 

*RES 1: Sgd1.3655 - High Oct 9

*PRICE: Sgd1.3627 @ 2200GMT

*SUP 1: Sgd1.3565 - 55-DMA 

*SUP 2: Sgd1.3538 - High Sept 14 now support, 21-DMA 

*SUP 3: Sgd1.3430 - Low Sept 22 

*SUP 4: Sgd1.3399 - Low Sept 20

*COMMENTARY: Friday's pop above the daily bear channel top (Sgd1.3641) lacked

follow through with the pair capped above the 100-DMA. 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 break of the 21 & 55-DMAs with focus then shifting back

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: Myr4.2680 Resistance Now Key

*RES 4: Myr4.2675 - 100-DMA 

*RES 3: Myr4.2550 - High Sept 28 

*RES 2: Myr4.2531 - 55-DMA 

*RES 1: Myr4.2517 - Daily Bear channel top

*PRICE: Myr4.2300 @ 2300GMT

*SUP 1: Myr4.2111 - 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 in past

weeks. The pair remains capped ahead of the Myr4.2517-2680 resistance region

with bulls needing a close above Myr4.2680 to end bearish hopes and shift focus

to Myr4.3112. Bears need a close below the 21-DMA to return pressure to

Myr4.1800-70.

DOLLAR-CNH TECHS: Pressure Back on 21-DMA

*RES 4: Cnh6.6904 - High Oct 3 

*RES 3: Cnh6.6639 - High Oct 9 

*RES 2: Cnh6.6379 - 55-DMA 

*RES 1: Cnh6.6227 - Low Sept 27 now resistance

*PRICE: Cnh6.6150 @ 2300GMT

*SUP 1: Cnh6.6053 - Low Sept 26

*SUP 2: Cnh6.6039 - 21-DMA

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

*SUP 4: Cnh6.5573 - Low Sept 21

*COMMENTARY: Previously noted topside hesitation has taken its toll with a

sell-off to start the new week that sees pressure back on the 21-DMA following a

break below the 55-DMA. Bears now look for a close below the 21-DMA to end

bullish hopes, shifting immediate focus back to Cnh6.5573 and overall focus back

to tests of 2017 lows. Bulls now need a close above the 55-DMA to gain breathing

room and ease pressure on the 21-DMA.

DOLLAR-PHP TECHS: Bulls Need Close Above Php51.295

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

*RES 3: Php51.295 - High Sept 15 

*RES 2: Php51.268 - Bollinger band top 

*RES 1: Php51.260 - High Oct 3

*PRICE: Php51.245 @ 2300GMT

*SUP 1: Php50.994 - 21-DMA 

*SUP 2: Php50.912 - 55-DMA 

*SUP 3: Php50.720 - Low Sept 27 

*SUP 4: Php50.550 - Low Aug 9

*COMMENTARY: Bulls take comfort in the 55-DMA supporting last week and providing

the base for a return in pressure to Php51.295. Bulls continue to look for a

close above Php51.295 to reconfirm the bullish bias and initially pressure 2017

highs. The Bollinger band top is seen as the key concern for bulls with

potential to limit follow through. Bears continue to look for a close below the

55-DMA to see pressure return to Php50.485-738.

DOLLAR-THB TECHS: Bears Need Close Below 21-DMA

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

*RES 3: Thb33.70 - High July 20 

*RES 2: Thb33.56 - 100-DMA 

*RES 1: Thb33.54 - High Oct 3

*PRICE: Thb33.37 @ 2300GMT

*SUP 1: Thb33.23 - 55-DMA 

*SUP 2: Thb33.21 - 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

Php33.54-56 where the 100-DMA is located. Bulls now look for a close above the

100-DMA to hint at a move back to Thb34.16-24 with above Thb33.88 to confirm.

Bears now need a close below the 21 & 55-DMAs to ease bullish pressure and to

pressure 2017 lows.

DOLLAR-IDR TECHS: Bulls Need Close Above Idr13533

*RES 4: Idr13698 - High June 2 2016 

*RES 3: Idr13610 - Bollinger band top 

*RES 2: Idr13585 - High Dec 1 2016, 2017 High Oct 3 

*RES 1: Idr13533 - Low Oct 3 now resistance

*PRICE: Idr13515 @ 2300GMT

*SUP 1: Idr13494 - Low Oct 9 

*SUP 2: Idr13455 - Low Oct 5 

*SUP 3: Idr13415 - High May 19 now support 

*SUP 4: Idr13410 - High July 7 & 10 now support

*COMMENTARY: The lack of follow through on recent 2017 highs has taken its toll

with daily studies correcting from O/B now seen weighing. The Idr13415 support

remains key with bears needing a close below to shift focus back to key DMAs

clustered tightly 13333-344. Layers of resistance are starting to accumulate

with bulls now needing a close above Idr13533 to return immediate focus to

retests of 2017 highs.

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

[TOPICS: MTABLE]