MNI Dollar-Asia Morning FX Technical Analysis

27 October 2017

By Kyle Shortland

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

http://tinyurl.com/pzkomnu

DOLLAR-SING TECHS: Focus Shifts To Sgd1.3690-1.3720

*RES 4: Sgd1.3787 - High July 13 

*RES 3: Sgd1.3720 - High July 17 

*RES 2: Sgd1.3691 - Bollinger band top 

*RES 1: Sgd1.3690 - High Oct 6

*PRICE: Sgd1.3671 @ 2200GMT

*SUP 1: Sgd1.3537 - 100-DMA 

*SUP 2: Sgd1.3592 - 21-DMA 

*SUP 3: Sgd1.3560 - 55-DMA 

*SUP 4: Sgd1.3548 - Low Oct 19

*COMMENTARY: The 21-DMA has supported so far this week and provided the base for

close above the 100-DMA and daily bear channel top that sees immediate focus now

on Sgd1.3690-1.3720. Bulls now look for a close above Sgd1.3720 to focus on

Sgd1.3770-1.3830 where the bull channel top and 200-DMA (Sgd1.3830) are

situated. The 100-DMA is now initial support with bears needing a close below to

ease bullish pressure and shift focus to 21 & 55-DMAs.

DOLLAR-WON TECHS: Bulls Need Close Above Krw1125.8

*RES 4: Krw1135.0 - High Oct 23

*RES 3: Krw1133.2 - 21-DMA

*RES 2: Krw1132.0 - 55-DMA

*RES 1: Krw1125.8 - High Oct 26

*PRICE: Krw1124.6 @ 2300GMT

*SUP 1: Krw1121.5 - Bollinger band base

*SUP 2: Krw1121.2 - Low Aug 30

*SUP 3: Krw1119.0 - Low Aug 28

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

*COMMENTARY: The break of Krw1125.1 adds to bearish confidence with bears now

needing a close below Krw1119.0 to confirm focus on tests of 2017 lows

(Krw1110.5). Layers of resistance remain with bulls needing a close above

Krw1125.8 to gain breathing room and hint at a bounce back to Krw1132.0-1138.2

where key DMAs are situated. Daily studies at modestly O/S levels is the key

concern for bears.

DOLLAR-MYR TECHS: 100-DMA Still Capping

*RES 4: Myr4.2860 - High Aug 30 

*RES 3: Myr4.2680 - High Sept 5 

*RES 2: Myr4.2599 - 100-DMA 

*RES 1: Myr4.2558 - High Oct 26

*PRICE: Myr4.2320 @ 2300GMT

*SUP 1: Myr4.2281 - 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.

Bears 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: Cnh6.6894 - Bollinger band top 

*RES 2: Cnh6.6827 - 100-DMA 

*RES 1: Cnh6.6639 - High Oct 9

*PRICE: Cnh6.6519 @ 2300GMT

*SUP 1: Cnh6.6235 - 21-DMA

*SUP 2: Cnh6.6096 - 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. The Cnh6.5923 support remains key this week with bears

needing a close below to confirm breaks of 21 & 55-DMAs easing 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: Php52.399 - Daily Bull channel top 

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

*RES 1: Php51.770 - 2017 High Oct 25 & 26

*PRICE: Php51.750 @ 2300GMT

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

*SUP 2: Php51.350 - Low Oct 18 

*SUP 3: Php51.297 - 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 (Php51.811) and studies approaching

O/B are key concerns for bulls. Bears need a close below Php51.630 previous 2017

highs to ease bullish pressure and hint at a correction back to Php51.109-297

where 21 & 55-DMAs are situated.

DOLLAR-THB TECHS: Thb33.10 Support Now Key

*RES 4: Thb33.54 - High Oct 3 

*RES 3: Thb33.42 - 100-DMA 

*RES 2: Thb33.32 - Daily Bear channel top 

*RES 1: Thb33.26 - Hourly resistance Oct 26

*PRICE: Thb33.24 @ 2300GMT

*SUP 1: Thb33.10 - Low Oct 26 

*SUP 2: Thb33.01 - 2017 Low Sept 7 & 8, Oct 16 

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

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

*COMMENTARY: The break of Thb33.25 has so far lacked follow through but is

enough to see bulls now focused on Thb33.32-42 where the 100-DMA and bear

channel top are situated. Bears now need a close below Thb35.10 to confirm a

false break higher and see immediate focus return to 2017 lows and the

Thb32.98-33.01 region as a whole. Daily studies have room to move before O/B

becomes an issue.

DOLLAR-IDR TECHS: Bull Channel Base Guiding Higher

*RES 4: Idr13820 - High Feb 3 2016 

*RES 3: Idr13813 - Daily Bull channel top 

*RES 2: Idr13698 - Monthly High June 2 2016 

*RES 1: Idr13600 - 2017 High Oct 26

*PRICE: Idr13530 @ 2300GMT

*SUP 1: Idr13548 - Daily Bull channel base 

*SUP 2: Idr13514 - 21-DMA 

*SUP 3: Idr13500 - Low Oct 23 

*SUP 4: Idr13480 - Low Oct 17

*COMMENTARY: Bulls take comfort as the daily bull channel base continues to

guide the pair higher with fresh 2017 and 16mth highs seeing bulls initially

focus on Idr13698 with overall focus on Idr13813-820 where the daily bull

channel top is located. Bears now need a close below Idr13500 to confirm a break

of the 21-DMA, easing bullish pressure and shifting focus back to 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]