MNI Dollar-Asia Morning FX Technical Analysis

13 October 2017

By Kyle Shortland

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

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DOLLAR-SING TECHS: Gaining Traction Below Key DMAs

*RES 4: Sgd1.3607 - Hourly resistance Oct 10a 

*RES 3: Sgd1.3580 - High Oct 11 

*RES 2: Sgd1.3562 - 55-DMA 

*RES 1: Sgd1.3546 - 21-DMA

*PRICE: Sgd1.3522 @ 2200GMT

*SUP 1: Sgd1.3504 - Low Oct 12 

*SUP 2: Sgd1.3430 - Low Sept 22 

*SUP 3: Sgd1.3413 - Bollinger band base 

*SUP 4: Sgd1.3399 - Low Sept 20

*COMMENTARY: Bears take comfort as the pair now consolidates breaks of 21 &

55-DMAs with bears focused on the Sgs1.3399-1.3430 support region. A close below

Sgd1.3399 is needed to confirm focus on Sgd1.3235-1.3343 where 2017 lows and the

bear channel base are located. Bulls now need a close above Sgd1.3580 to ease

immediate bearish pressure and above Sgd1.3720 to confirm a break of the 100-DMA

and bear channel top with immediate focus shifting to Sgd1.3787.

DOLLAR-WON TECHS: Pressuring Key Support Region

*RES 4: Krw1150.0 - High Sept 28

*RES 3: Krw1143.0 - High Oct 10

*RES 2: Krw1141.7 - 200-DMA

*RES 1: Krw1137.7 - High Oct

*PRICE: Krw1133.2 @ 2200GMT

*SUP 1: Krw1131.0 - 100-DMA

*SUP 2: Krw1130.1 - 55-DMA

*SUP 3: Krw1129.9 - Rising daily TL 

*SUP 4: Krw1125.1 - Low Sept 8

*COMMENTARY: Bears took comfort in the aggressive sell-off and bearish close

Tuesday that sees pressure back on Krw1129.9-1131.0 where key DMAs and the

rising daily TL off July lows are situated. Bears look for a close below

Krw1125.1 to confirm breaks and shift overall focus to tests of 2017 lows. Bulls

now need a close above Krw1137.7 to ease bearish pressure and above Krw1150.0 to

confirm a bullish bias and above Krw1157.8 to target 2017 highs.

DOLLAR-MYR TECHS: Bears Need Close Below Myr4.2100

*RES 4: Myr4.2550 - High Sept 28 

*RES 3: Myr4.2549 - 100-DMA 

*RES 2: Myr4.2500 - 55-DMA 

*RES 1: Myr4.2472 - Daily Bear channel top

*PRICE: Myr4.2240 @ 2300GMT

*SUP 1: Myr4.2100 - Low Oct 11 

*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 in past weeks. The pair

remains capped ahead of the Myr4.2472-2680 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 Myr4.2100 to confirm a break of the 21-DMA (Myr4.2144) and

return pressure to Myr4.1800-70.

DOLLAR-CNH TECHS: Below Cnh6.5568 To Target 2017 Lows

*RES 4: Cnh6.6346 - Low Sept 28 now resistance 

*RES 3: Cnh6.6283 - 55-DMA 

*RES 2: Cnh6.6085 - 21-DMA

*RES 1: Cnh6.5923 - High Oct 11

*PRICE: Cnh6.5774 @ 2300GMT

*SUP 1: Cnh6.5568 - Low Oct 11

*SUP 2: Cnh6.5409 - Low Sept 18 

*SUP 3: Cnh6.5219 - Low Sept 13 

*SUP 4: Cnh6.5053 - Low Sept 11

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

sell-off to start the new week that has been followed up with closes below the

21-DMA. Bears now look for a close below Cnh6.5568 to confirm immediate focus on

Cnh6.5053 and overall focus on 2017 lows. Bulls now need a close above the

21-DMA to ease immediate bearish pressure and above Cnh6.6346 to shift focus

back to Cnh6.6639-6904.

DOLLAR-PHP TECHS: Bears Need Close Below Php51.295

*RES 4: Php52.085 - Monthly Low July 10 2006 now resistance 

*RES 3: Php51.700 - High Aug 3 2006 

*RES 2: Php51.630 - High Oct 3 

*RES 1: Php51.560 - High Oct 11

*PRICE: Php51.430 @ 2300GMT

*SUP 1: Php51.295 - High Sept 15 now support 

*SUP 2: Php51.064 - 21-DMA 

*SUP 3: Php50.942 - 55-DMA 

*SUP 4: Php50.787 - Daily Bull channel base

*COMMENTARY: The recovery from a test of the 55-DMA last week has resulted in

closes above key levels that sees bullish focus back on 2017 highs and the

Php52.085-56 region. The Bollinger band top (Php51.450) remains the key concern

for bulls with potential to limit follow through. Bears continue to look for a

close below Php51.295 to ease bullish pressure and shift focus back to tests of

21 & 55-DMAs.

DOLLAR-THB TECHS: Bulls Need Close Above Thb33.25

*RES 4: Thb33.70 - High July 20 

*RES 3: Thb33.54 - High Oct 3 

*RES 2: Thb33.52 - 100-DMA 

*RES 1: Thb33.25 - High Oct 11

*PRICE: Thb33.11 @ 2300GMT

*SUP 2: Thb33.01 - 2017 Low Sept 7 & 8 

*SUP 3: Thb32.98 - Monthly Low May 1 2015 

*SUP 4: Thb32.96 - Bollinger band base 

*SUP 4: Thb32.52 - Low Apr 27 2015

*COMMENTARY: The topside failures ahead of the 100-DMA took their toll with

pressure on the 21 & 55-DMAs (Thb33.22) resulting in a close below Wednesday and

focus having returned to tests of 2017 lows. Daily studies are well placed for

further losses. Bulls need a close above Thb33.25 to ease immediate bearish

pressure and above Thb33.54 to confirm a break of the 100-DMA and to target

Thb33.70-88.

DOLLAR-IDR TECHS: Bulls Need Close Above Idr13533

*RES 4: Idr13698 - High June 2 2016 

*RES 3: Idr13627 - Bollinger band top 

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

*RES 1: Idr13533 - Low Oct 3 now resistance

*PRICE: Idr13504 @ 2300GMT

*SUP 1: Idr13475 - Low Oct 10 

*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 13334-354. Layers of resistance are starting to accumulate

with bulls 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]