MNI Dollar-Asia Morning FX Technical Analysis

26 October 2017

By Kyle Shortland

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

http://tinyurl.com/pzkomnu

DOLLAR-SING TECHS: Bulls 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: Sgd1.3640 - 100-DMA

*PRICE: Sgd1.3605 @ 2200GMT

*SUP 1: Sgd1.3584 - 21-DMA 

*SUP 2: Sgd1.3558 - 55-DMA 

*SUP 3: Sgd1.3548 - Low Oct 19 

*SUP 4: Sgd1.3535 - Daily Bull channel base

*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 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 & Krw1135.0 Levels Remain Key

*RES 4: Krw1143.0 - High Oct 10

*RES 3: Krw1138.7 - 200-DMA

*RES 2: Krw1137.7 - High Oct 11

*RES 1: Krw1135.0 - High Oct 23

*PRICE: Krw1127.4 @ 2300GMT

*SUP 1: Krw1125.1 - Low Sept 8

*SUP 2: Krw1122.4 - 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 stalled around the

21-DMA (Krw1133.5) with the pair rejected above Monday. Bulls now look for a

close above Krw1135.0 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: 100-DMA Now Capping

*RES 4: Myr4.2860 - High Aug 30 

*RES 3: Myr4.2680 - High Sept 5 

*RES 2: Myr4.2603 - 100-DMA 

*RES 1: Myr4.2410 - 55-DMA

*PRICE: Myr4.2350 @ 2300GMT

*SUP 1: Myr4.2275 - 21-DMA 

*SUP 2: Myr4.2120 - Low Oct 23 

*SUP 3: Myr4.2062 - Low Oct 16 

*SUP 4: Myr4.1940 - Low Oct 13

*COMMENTARY: Having recently found support around the 21-DMA, pressure returning

to the 55-DMA resulted in a break higher only to be rejected around the 100-DMA

for a relatively bearish close. Bears now look for a close below the 21-DMA to

gain breathing room and below Myr4.2120 to shift focus back to Myr4.1800-1940.

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.

DOLLAR-CNH TECHS: 21-DMA Now Supporting

*RES 4: Cnh6.6904 - High Oct 3 

*RES 3: Cnh6.6879 - 100-DMA 

*RES 2: Cnh6.6639 - High Oct 9

*RES 1: Cnh6.6519 - High Oct 25

*PRICE: Cnh6.6373 @ 2300GMT

*SUP 1: Cnh6.6229 - 21-DMA

*SUP 2: Cnh6.6102 - 55-DMA

*SUP 3: Cnh6.5923 - High Oct 11 now support

*SUP 4: Cnh6.5568 - Low Oct 11

*COMMENTARY: Bulls take comfort in gains this week with support emerging ahead

of the 21-DMA and focus now having returned to the Cnh6.6639-6.6904 region where

the 100-DMA is noted. In saying that, the lack of follow through Wednesday is

less than ideal for bulls. The Cnh6.5923 support remains key this week with

bears needing a close below to ease renewed bullish pressure and below Cnh6.5568

to initially pressure Cnh6.5053.

DOLLAR-PHP TECHS: Immediate Focus Shifts To Php52.085

*RES 4: Php52.560 - Low July 18 2006 now resistance 

*RES 3: Php52.390 - Daily Bull channel top 

*RES 2: Php52.085 - Monthly Low July 10 2006 now resistance 

*RES 1: Php51.770 - 2017 High Oct 25

*PRICE: Php51.770 @ 2300GMT

*SUP 1: Php51.630 - High Oct 3 now support 

*SUP 2: Php51.350 - Low Oct 18 

*SUP 3: Php51.259 - 21-DMA 

*SUP 4: Php51.160 - Low Oct 10

*COMMENTARY: Hesitation ahead of 2017 highs came to an end with a close above

Php51.700 shifting bullish focus to layers of resistance Php52.085-560 where the

bull channel top is noted. The Bollinger top (Php51.752) and studies approaching

O/B are key concerns for bulls. Bears now need a close below Php51.630 previous

2017 highs to ease bullish pressure and hint at a correction back to

Php51.082-259 where 21 & 55-DMAs are situated.

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

*RES 4: Thb33.54 - High Oct 3 

*RES 3: Thb33.43 - 100-DMA 

*RES 2: Thb33.34 - Daily Bear channel top 

*RES 1: Thb33.25 - High Oct 11

*PRICE: Thb33.18 @ 2300GMT

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

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

*SUP 3: Thb32.52 - Low Apr 27 2015 

*SUP 4: Thb32.37 - Daily Bear channel base

*COMMENTARY: The Thb33.25 resistance continues to cap attempts to break above

the 21 (Thb33.23) & 55 (Thb33.19) DMAs with bulls needing a close above Thb33.25

to ease immediate bearish pressure. A close above Thb33.54 is then needed to

shift immediate focus back to Thb33.70-80. While Thb33.25 caps bears retain the

advantage and look for a close below Thb32.98 to target Thb32.38-52 where the

bear channel base it noted.

DOLLAR-IDR TECHS: Bears Need Close Below Idr13500

*RES 4: Idr13788 - Daily Bull channel top 

*RES 3: Idr13788 - Daily Bull channel top 

*RES 2: Idr13698 - Monthly High June 2 2016 

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

*PRICE: Idr13530 @ 2300GMT

*SUP 1: Idr13548 - Daily Bull channel base 

*SUP 2: Idr13507 - 21-DMA 

*SUP 3: Idr13500 - Low Oct 23 

*SUP 4: Idr13480 - Low Oct 17

*COMMENTARY: Consolidation above Idr13455 sees bulls gaining confidence with

immediate focus now on Idr13585 2017 highs. Bulls need a close above 2017 highs

to focus on the daily bull channel top. The daily bull channel base is now

initial support but bears look for a close below Idr13500 to confirm breaks of

the channel and 21-DMA and initially pressuring Idr13455. Below Idr13455 is

needed to target a deeper sell-off.

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

[TOPICS: MTABLE]