MNI Dollar-Asia Morning FX Technical Analysis

23 October 2017

By Kyle Shortland

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

http://tinyurl.com/pzkomnu

DOLLAR-SING TECHS: Bulls Now Need Close Above 100-DMA

*RES 4: Sgd1.3787 - High July 13 

*RES 3: Sgd1.3720 - High July 17 

*RES 2: Sgd1.3690 - High Oct 6 

*RES 1: Sgd1.3643 - 100-DMA, Daily bear channel top

*PRICE: Sgd1.3617 @ 2200GMT

*SUP 1: Sgd1.3574 - Hourly support Oct 20 

*SUP 2: Sgd1.3559 - 55-DMA 

*SUP 3: Sgd1.3548 - Low Oct 19 

*SUP 4: Sgd1.3530 - High Oct 17 now support

*COMMENTARY: Topside hesitation came to an end with a close above Sgd1.3594 that

sees immediate pressure on the 100-DMA and bear channel top. Bulls now look for

a close above these levels to confirm focus on tests of Sgd1.3688-1.3720. Layers

of support are following the pair higher with bears now needing a close below

the 55-DMA to ease bullish pressure and shift focus back to Sgd1.3484 Oct lows

so far.

DOLLAR-WON TECHS: Krw1125.1 & 21-DMA Levels Key

*RES 4: Krw1143.0 - High Oct 10

*RES 3: Krw1139.8 - 200-DMA

*RES 2: Krw1137.7 - High Oct 11

*RES 1: Krw1133.7 - 21-DMA

*PRICE: Krw1131.0 @ 2300GMT

*SUP 1: Krw1125.1 - Low Sept 8

*SUP 2: Krw1122.9 - Bollinger band base

*SUP 3: Krw1119.0 - Low Aug 28

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

*COMMENTARY: The recovery from ahead of the Krw1125.1 support has stalled around

the 21-DMA. Bulls continue to look for a close above the 21-DMA to ease bearish

pressure and above Krw1137.7 to shift focus back to the 200-DMA. The Krw1125.1

support remains key. Bears continue to look for a close below this level to

reconfirm a bearish bias and to shift overall focus back to 2017 lows.

DOLLAR-MYR TECHS: 55-DMA Capping Rallies

*RES 4: Myr4.2680 - High Sept 5 

*RES 3: Myr4.2615 - 100-DMA 

*RES 2: Myr4.2550 - High Sept 28 

*RES 1: Myr4.2446 - 55-DMA

*PRICE: Myr4.2260 @ 2300GMT

*SUP 1: Myr4.2190 - Low Oct 19 

*SUP 2: Myr4.2062 - Low Oct 16 

*SUP 3: Myr4.1940 - Low Oct 13 

*SUP 4: Myr4.1870 - Low Sept 20

*COMMENTARY: Rallies remain capped ahead of the 55-DMA with the Myr4.2550-2680

resistance region above also a concern. Overall bulls need a close above

Myr4.2680 to confirm breaks of 55 & 100-DMAs, ending bearish hopes and shifting

immediate focus to Myr4.3112 Aug highs. Initial support is noted at Thursday's

low with bears needing a close below to shift focus back to Myr4.1800-1940.

DOLLAR-CNH TECHS: Bears Need Close Below Cnh6.5923

*RES 4: Cnh6.6904 - High Oct 3 

*RES 3: Cnh6.6877 - 100-DMA 

*RES 2: Cnh6.6639 - High Oct 9

*RES 1: Cnh6.6400 - High Oct 19

*PRICE: Cnh6.6229 @ 2300GMT

*SUP 1: Cnh6.5923 - High Oct 11 now support

*SUP 2: Cnh6.5568 - Low Oct 11

*SUP 3: Cnh6.5409 - Low Sept 18 

*SUP 4: Cnh6.5219 - Low Sept 13

*COMMENTARY: The lack of topside follow through on the break of Cnh6.6346 was

less than ideal and leaves the pair looking a little heavy. Immediate focus has

returned to the Cnh6.5923 support with bears needing a close below to ease

renewed bullish pressure and return immediate focus to the Cnh6.5568 support.

Below this level initially targets Cnh6.6053. Correcting O/S studies remain the

key concern for bears.

DOLLAR-PHP TECHS: Bulls Need Close Above Php51.700

*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: Php51.450 @ 2300GMT

*SUP 1: Php51.350 - Low Oct 18 

*SUP 2: Php51.160 - Low Oct 10 

*SUP 3: Php51.149 - 21-DMA 

*SUP 4: Php51.016 - 55-DMA

*COMMENTARY: Consolidation above the 21-DMA continues with bulls needing a close

above Php51.700 to confirm focus on the Php52.085-56 region. The Bollinger band

top (Php51.635) and daily studies lingering around modestly O/B levels are seen

as concerns for bulls. In saying that, bears now need a close below Php51.350 to

ease immediate bullish pressure and below the 55-DMA to hint at a deeper

sell-off.

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: Thb33.46 - 100-DMA 

*RES 1: Thb33.25 - High Oct 11

*PRICE: Thb33.19 @ 2300GMT

*SUP 1: Thb33.01 - 2017 Low Sept 7 & 8, Oct 16 

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

*SUP 3: Thb32.97 - Bollinger band base 

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

*COMMENTARY: Layers of resistance remain Thb33.20-25 where 21 & 55-DMAs are

situated. Bulls continue to look for a close above Thb33.25 to ease immediate

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

channel top (Thb33.38) and to target Thb33.70-88. While Thb33.25 caps bears

retain the advantage with a close below Thb32.98 needed to shift initial focus

to Thb32.52.

DOLLAR-IDR TECHS: Idr13455 Support Now Key

*RES 4: Idr13767 - Daily Bull channel top 

*RES 3: Idr13603 - Bollinger band top 

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

*RES 1: Idr13533 - Low Oct 3 now resistance

*PRICE: Idr13517 @ 2300GMT

*SUP 1: Idr13480 - Low Oct 17 

*SUP 2: Idr13477 - 21-DMA 

*SUP 3: Idr13455 - Low Oct 5 

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

*COMMENTARY: Consolidation above Idr13455 sees bulls gaining confidence with

immediate focus on Idr13533. Bulls need a close above this level to reconfirm

the bullish bias and above 2017 highs to focus on the daily bull channel top.

Idr13455 is once again key support. Bears need a close below to ease bullish

pressure and shift focus back to Idr13338-13374 where 55, 100 & 200-DMAs are

clustered.

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

[TOPICS: MTABLE]