MNI Dollar-Asia Morning FX Technical Analysis

16 October 2017

By Kyle Shortland

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

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DOLLAR-SING TECHS: Overall Focus Back On 2017 Low

*RES 4: Sgd1.3580 - High Oct 11 

*RES 3: Sgd1.3559 - 55-DMA 

*RES 2: Sgd1.3549 - 21-DMA 

*RES 1: Sgd1.3526 - Hourly support Oct 12 now resistance

*PRICE: Sgd1.3488 @ 2200GMT

*SUP 1: Sgd1.3430 - Low Sept 22 

*SUP 2: Sgd1.3413 - Bollinger band base 

*SUP 3: Sgd1.3399 - Low Sept 20 

*SUP 4: Sgd1.3343 - 2017 Low Aug 16 2016

*COMMENTARY: Consolidation below the 21 & 55-DMAs left the pair looking heavy

Friday and bears were not disappointed with immediate focus back to

Sgd1.3399-1.3430 and overall focus on retests of 2017 lows. O/S daily studies

remain the key concern for bears. Bulls now look for a close above Sgd1.3526 tp

ease immediate bearish pressure and above Sgd1.3580 to shift focus back to

Sgd1.3656-1.3720.

DOLLAR-WON TECHS: Closes Below Key Supports

*RES 4: Krw1141.7 - 200-DMA

*RES 3: Krw1137.7 - High Oct 11

*RES 2: Krw1133.4 - 21-DMA

*RES 1: Krw1130.2 - 55-DMA

*PRICE: Krw1128.9 @ 2300GMT

*SUP 1: Krw1125.1 - Low Sept 8

*SUP 2: Krw1122.1 - Bollinger band base

*SUP 3: Krw1119.0 - Low Aug 28

*SUP 4: Krw1114.3 - High July 27 now support

*COMMENTARY: The sell-off from Sept highs resulted in closes below the rising

daily TL, 55 & 100_DMAs with the pair looking heavy and immediate focus on

Krw1125.1. Bears now need a close below this level to shift overall focus back

to 2017 lows. Layers of resistance are accumulating and weighing. Bulls now need

a close above the 21-DMA to ease immediate bearish pressure and above Krw1137.7

to shift focus back to the 200-DMA.

DOLLAR-MYR TECHS: Dip Lacks Follow Through

*RES 4: Myr4.2550 - High Sept 28 

*RES 3: Myr4.2489 - 55-DMA 

*RES 2: Myr4.2457 - Daily Bear channel top 

*RES 1: Myr4.2242 - High Oct 12

*PRICE: Myr4.2211 @ 2300GMT

*SUP 1: Myr4.2115 - Hourly support Oct 13 

*SUP 2: Myr4.1940 - Low Oct 13 

*SUP 3: Myr4.1870 - Low Sept 20 

*SUP 4: Myr4.1810 - 2017 Low Sept 8

*COMMENTARY: The lack of follow through on Friday's dip is less than ideal for

bears and sees pressure back on Myr4.2242. Bulls need a close above this level

to shift focus to Myr4.2457-2680 where the bear channel top, 55 & 100-DMAs are

situated. Overall above Myr4.2680 is needed to end bearish hopes and target

Myr4.3112. Bears remain focused on 2017 lows while Myr4.2242 caps with overall

focus on the bear channel base (Myr4.1126).

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

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

*RES 3: Cnh6.6224 - 55-DMA 

*RES 2: Cnh6.6107 - 21-DMA

*RES 1: Cnh6.5923 - High Oct 11

*PRICE: Cnh6.5680 @ 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 last Monday 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: Php52.560 - Low July 18 2006 now resistance 

*RES 3: Php52.085 - Monthly Low July 10 2006 now resistance 

*RES 2: Php51.700 - High Aug 3 2006 

*RES 1: Php51.630 - High Oct 3

*PRICE: Php51.390 @ 2300GMT

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

*SUP 2: Php51.075 - 21-DMA 

*SUP 3: Php50.954 - 55-DMA 

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

*COMMENTARY: Consolidation above the Php51.295 support continues with bulls

needing a close above Php51.700 to confirm focus on the Php52.085-56 region. The

Bollinger band top (Php51.484) 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: Thb33.50 - 100-DMA 

*RES 1: Thb33.25 - High Oct 11

*PRICE: Thb33.04 @ 2300GMT

*SUP 1: Thb33.01 - 2017 Low Sept 7 & 8 

*SUP 2: Thb32.98 - Monthly Low May 1 2015 

*SUP 3: Thb32.95 - 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 (Thb33.21-22) 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: Idr13630 - Bollinger band top 

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

*RES 1: Idr13533 - Low Oct 3 now resistance

*PRICE: Idr13496 @ 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 13335-357. 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]