MNI Dollar-Asia Morning FX Technical Analysis

9 November 2017

By Kyle Shortland

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

http://tinyurl.com/pzkomnu

DOLLAR-SING TECHS: 55-DMA Remains Key Support

*RES 4: Sgd1.3720 - High July 17 

*RES 3: Sgd1.3687 - Bollinger band top 

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

*RES 1: Sgd1.3659 - High Nov 6

*PRICE: Sgd1.3613 @ 2300GMT

*SUP 1: Sgd1.3605 - Low Nov 7 

*SUP 2: Sgd1.3591 - Daily Bull channel base 

*SUP 3: Sgd1.3581 - Low Nov 3 

*SUP 4: Sgd1.3558 - 55-DMA

*COMMENTARY: Pressure on the 55-DMA last week failed to produce the close below

needed to confirm a break of the 55-DMA and bull channel base with immediate

focus then shifting to Sgd1.3484. Bulls still need a close above Sgd1.3659 to

confirm a break of the 100-DMA (Sgd1.3619) and focus on $1.3720. Daily studies

correcting higher is a concern for bears. Bears continue to look for a close

below the 55-DMA.

DOLLAR-WON TECHS: Bounces From 2017 Low

*RES 4: Krw1126.8 - High Oct 30

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

*RES 2: Krw1120.1 - 200-WMA

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

*PRICE: Krw1115.6 @ 2300GMT

*SUP 1: Krw1110.5 - 2017 Low Mar 28

*SUP 2: Krw1107.0 - Low Oct 10 2016

*SUP 3: Krw1097.8 - Low Sept 30 2016

*SUP 4: Krw1089.7 - 2016 Low Sept 7

*COMMENTARY: Gapping moves resulted in a test of the 2017 low with O/S daily

studies looking to correct remaining the key concern for bears. Bears now need a

close below 2017 lows to target 2016 lows. 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 (Krw1129.6).

DOLLAR-MYR TECHS: Rallies Capped Ahead Of 100-DMA

*RES 4: Myr4.2860 - High Aug 30 

*RES 3: Myr4.2680 - High Sept 5 

*RES 2: Myr4.2559 - 100-DMA 

*RES 1: Myr4.2558 - High Oct 26

*PRICE: Myr4.2298 @ 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 in recent weeks 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 still look for a close below Myr4.2100 to

shift focus back to Myr4.1800-1940 following the lack of downside follow through

in recent weeks.

DOLLAR-CNH TECHS: Cnh6.5852 Support Remains Key

*RES 4: Cnh6.6904 - High Oct 3 

*RES 3: Cnh6.6681 - 100-DMA 

*RES 2: Cnh6.6651 - High Oct 27 

*RES 1: Cnh6.6469 - High Nov 8

*PRICE: Cnh6.6313 @ 2300GMT

*SUP 1: Cnh6.6180 - 21-DMA

*SUP 2: Cnh6.6018 - 55-DMA

*SUP 3: Cnh6.5852 - Low Nov 2

*SUP 4: Cnh6.5687 - Bollinger band base

*COMMENTARY: Bears failed to capitalise on the dip below the 55-DMA (Cnh6.6018)

last week with the bounce seeing pressure return to resistance layers. Bulls

still need a close above Cnh6.6904 to shift focus to the 200-DMA (Cnh6.7651).

Bears continue to look for a close below Cnh6.5852 to confirm breaks of DMAs and

add weight to the case for an initial test of Cnh6.5568 and then Cnh6.5053.

DOLLAR-PHP TECHS: Immediate Bearish Focus On Channel Base

*RES 4: Php51.850 - 2017 High Oct 27 

*RES 3: Php51.710 - Bollinger band top 

*RES 2: Php51.610 - Low Oct 30 now resistance 

*RES 1: Php51.470 - High Nov 8

*PRICE: Php51.300 @ 2300GMT

*SUP 1: Php51.140 - Low Nov 3 

*SUP 2: Php51.048 - Daily Bull channel base 

*SUP 3: Php50.842 - 100-DMA 

*SUP 4: Php50.720 - Low Sept 26

*COMMENTARY: The correction lower from 2017 highs has so far failed to gain

traction below the 55-DMA (Php52.209) as bears focus on the daily bull channel

base. Bears need a close below the channel base to shift immediate focus to the

100-DMA. Bulls now look for a close above the Php51.470 to confirm a break of

the 21-DMA (Php51.438), easing bearish pressure and above Php51.610 to return

focus to 2017 highs.

DOLLAR-THB TECHS: Bulls Need Close Above 100-DMA

*RES 4: Thb33.54 - High Oct 3 

*RES 3: Thb33.36 - 100-DMA 

*RES 2: Thb33.35 - High Oct 27, 21-WMA 

*RES 1: Thb33.21 - Daily Bear channel top

*PRICE: Thb33.14 @ 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: Thb32.24 - Daily Bear channel base

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

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

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

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

Thb33.54 to hint at a move back to Thb33.77-97 where the 200-DMA is situated.

DOLLAR-IDR TECHS: Bulls Need Close Above Idr13540

*RES 4: Idr13667 - Rising TL off Sept & Oct highs 

*RES 3: Idr13640 - 2017 High Oct 27 

*RES 2: Idr13605 - High Oct 30 

*RES 1: Idr13540 - Low Nov 2 now resistance

*PRICE: Idr13515 @ 2300GMT

*SUP 1: Idr13465 - Bollinger band base 

*SUP 2: Idr13455 - Low Oct 5 

*SUP 3: Idr13422 - 55-DMA 

*SUP 4: Idr13385 - 100-DMA

*COMMENTARY: Daily studies correcting from O/B weighed and have resulted in a

break and closes below the 21-DMA (Idr13533). Immediate focus has shifted to the

Idr13455 support with bears needing a close below to confirm focus on

Idr13352-417 where 55, 100 & 200-DMAs are situated. Bulls now need a close above

Idr13540 to ease pressure on supports and shift focus back to Idr13605-640.

DOLLAR-INR TECHS: Bulls Need Close Above Inr65.195

*RES 4: Inr65.497 - LT Falling daily TL 

*RES 3: Inr65.413 - High Oct 9 

*RES 2: Inr65.195 - High Oct 25 

*RES 1: Inr65.103 - 200-DMA

*PRICE: Inr64.950 @ 2300GMT

*SUP 1: Inr64.923 - 21-DMA 

*SUP 2: Inr64.738 - High Nov 6 now support 

*SUP 3: Inr64.624 - 55-DMA 

*SUP 4: Inr63.490 - 100-DMA

*COMMENTARY: The Inr65.195 resistance confirmed significance with the pair

capped ahead of this level on the pop above the 200-DMA. Bulls still look for a

close above Inr65.195 to confirm a break of the 200-DMA and to focus on

Inr65.413-650 where the falling daily TL off Nov 2016 highs is situated. Layers

of support have been left behind with bears still needing a close below the

21-DMA to ease pressure on resistance layers.

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

[TOPICS: MTABLE]