MNI Dollar-Asia Morning FX Technical Analysis

2 November 2017

By Kyle Shortland

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

http://tinyurl.com/pzkomnu

DOLLAR-SING TECHS: Sgd1.3558-93 Support Region Key

*RES 4: Sgd1.3720 - High July 17 

*RES 3: Sgd1.3689 - Bollinger band top 

*RES 2: Sgd1.3677 - Hourly resistance Oct 27 

*RES 1: Sgd1.3643 - High Nov 1

*PRICE: Sgd1.3624 @ 2300GMT

*SUP 1: Sgd1.3592 - 21-DMA 

*SUP 2: Sgd1.3558 - 55-DMA 

*SUP 3: Sgd1.3496 - Bollinger band base 

*SUP 4: Sgd1.3484 - Low Oct 13

*COMMENTARY: Focus returned to Sgd1.3558-92 where the daily bull channel base,

21 & 55-DMAs are located this week following the close below the 100-DMA

(Sgd1.3631) Monday. Bears need a close below the 55-DMA now to shift immediate

focus to Sgd1.3484 and overall focus back to tests of 2017 lows (Sgd1.3343).

Initial resistance remains at Sgd1.3643 with bulls needing a close above to ease

pressure on key supports.

DOLLAR-WON TECHS: Remains Heavy, Focus On 2017 Low

*RES 4: Krw1126.8 - High Oct 30

*RES 3: Krw1123.5 - Low Oct 30 now resistance

*RES 2: Krw1119.8 - 200-WMA

*RES 1: Krw1119.0 - Low Aug 28 now resistance

*PRICE: Krw1114.5 @ 2300GMT

*SUP 1: Krw1114.2 - Low Nov 1

*SUP 2: Krw1110.5 - 2017 Low Mar 28

*SUP 3: Krw1107.0 - Low Oct 10 2016

*SUP 4: Krw1097.8 - Low Sept 30 2016

*COMMENTARY: Gapping moves continue to leave the pair looking heavy following

last week's topside failures ahead of key DMAs with focus now on 2017 lows

following the close below the 200-WMA. Bears look for a weekly close below to

add weight to their case. Bears now need a close below 2017 lows to target 2016

lows (Krw1089.7). Bulls need a close above the 200-WMA to ease bearish pressure

and above Krw1126.8 to hint at a bounce back to the 55-DMA (Krw1131.7).

DOLLAR-MYR TECHS: 100-DMA Capped Last Week

*RES 4: Myr4.2860 - High Aug 30 

*RES 3: Myr4.2680 - High Sept 5 

*RES 2: Myr4.2586 - 100-DMA 

*RES 1: Myr4.2558 - High Oct 26

*PRICE: Myr4.2310 @ 2300GMT

*SUP 1: Myr4.2100 - Low Oct 30 

*SUP 2: Myr4.2062 - Low Oct 16 

*SUP 3: Myr4.1940 - Low Oct 13 

*SUP 4: Myr4.1870 - Low Sept 20

*COMMENTARY: The 100-DMA capped rallies last week with bulls needing a close

above Myr4.2680 to confirm a break and hint at a move back to Myr4.3112-3282

where the 200-DMA is noted. Bulls look for a close above My4.2860 to add support

to their case. Bears now look for a close below Myr4.2100 to shift focus back to

Myr4.1800-1940 following the lack of downside follow through Friday through

Tuesday.

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

*RES 4: Cnh6.6778 - 100-DMA 

*RES 3: Cnh6.6651 - High Oct 27 

*RES 2: Cnh6.6404 - High Nov 1 

*RES 1: Cnh6.6179 - 21-DMA

*PRICE: Cnh6.6079 @ 2300GMT

*SUP 1: Cnh6.6059 - 55-DMA

*SUP 2: Cnh6.5923 - High Oct 11 now support

*SUP 3: Cnh6.5601 - Bollinger band base

*SUP 4: Cnh6.5568 - Low Oct 11

*COMMENTARY: Daily studies correcting from modestly O/B have taken their toll

with the pair pressuring the 55-DMA and closing below the 21-DMA. Bears continue

to look for a close below Cnh6.5923 to confirm breaks of 21 & 55-DMAs, easing

bullish pressure, and below Cnh6.5568 to initially pressure Cnh6.5053. Bulls now

need a close above Cnh6.6404 to gain breathing room and return initial focus to

Cnh6.6651-6904.

DOLLAR-PHP TECHS: Looking A Little Heavy

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

*RES 3: Php52.431 - Daily Bull channel top 

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

*RES 1: Php51.850 - 2017 High Oct 27

*PRICE: Php51.610 @ 2300GMT

*SUP 1: Php51.532 - Daily Bull channel base A 

*SUP 2: Php51.363 - 21-DMA 

*SUP 3: Php51.350 - Low Oct 18 

*SUP 4: Php51.161 - 55-DMA

*COMMENTARY: Daily studies at O/B levels and the Bollinger top (Php51.885)

recently capping appear to be impacting with the pair looking a little heavy

after trading at fresh 2017 highs last week. Focus now shifts to 21 & 55-DMAs.

Bulls now need a close above 2017 highs to reconfirm the bullish bias and

initially focus on tests of Php52.085.

DOLLAR-THB TECHS: Focus Back on 2017 Low

*RES 4: Thb33.54 - High Oct 3 

*RES 3: Thb33.39 - 100-DMA, Bollinger band top 

*RES 2: Thb33.35 - High Oct 27 

*RES 1: Thb33.27 - Daily Bear channel top

*PRICE: Thb33.13 @ 2300GMT

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

*SUP 2: Thb33.00 - Bollinger band base 

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

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

*COMMENTARY: The break of Thb33.25 has lacked follow through with recent topside

hesitation resulting in a break of Thb33.10 with immediate focus returned to the

2017 low. Overall bears need a close below Thb32.98 to shift focus to Thb32.52.

Bulls now need a close above the 100-DMA to ease bearish pressure and above

Thb33.54 to hint at a move back to Thb33.77-34.01 where the 200-DMA is situated.

DOLLAR-IDR TECHS: Bulls Need Close Above Idr13605

*RES 4: Idr13698 - Monthly High June 2 2016 

*RES 3: Idr13652 - Rising TL off Sept & Oct highs 

*RES 2: Idr13640 - 2017 High Oct 27 

*RES 1: Idr13605 - High Oct 30

*PRICE: Idr13575 @ 2300GMT

*SUP 1: Idr13527 - 21-DMA 

*SUP 2: Idr13500 - Low Oct 23 

*SUP 3: Idr13455 - Low Oct 5 

*SUP 4: Idr13448 - Bollinger band base

*COMMENTARY: Daily studies now correcting from O/B are a key concern for bulls

and have resulted in a break and closes below the daily bull channel base

(Idr13611). Immediate focus has shifted to the 21-DMA with bears needing a close

below to add weight to their case for a move back to Idr13455. Bulls need a

close above Idr13605 to ease bearish pressure and return immediate focus to 2017

highs.

DOLLAR-INR TECHS: Inr64.330 Support Now Key

*RES 4: Inr65.413 - High Oct 9 

*RES 3: Inr65.186 - 200-DMA 

*RES 2: Inr64.961 - Daily Bear channel top 

*RES 1: Inr64.700 - High Nov 1

*PRICE: Inr64.590 @ 2300GMT

*SUP 1: Inr64.469 - 100-DMA 

*SUP 2: Inr64.330 - High Aug 16 now support 

*SUP 3: Inr64.148 - Daily Bear channel base 

*SUP 4: Inr63.930 - Low Sept 12

*COMMENTARY: Having remained capped ahead of the 21 (Inr65.042) and 200-DMAs on

the recovery from Inr64.685 the pair is again looking heavy and pressuring the

100-DMA. Bears now look for a close below Inr64.330 to initially target the bear

channel base with overall focus shifting to Inr63.560-775 where 2017 lows are

situated. Bulls now need a close above Inr64.700 to gain breathing room and

above the channel top to initially focus on the 200-DMA.

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

[TOPICS: MTABLE]