MNI Dollar-Asia Morning FX Technical Analysis

21 November 2017

By Kyle Shortland

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

http://tinyurl.com/pzkomnu

DOLLAR-SING TECHS: 200-WMA & 21-DMA Levels Key

*RES 4: Sgd1.3720 - High July 17 

*RES 3: Sgd1.3677 - Hourly resistance Oct 27 

*RES 2: Sgd1.3659 - High Nov 6 

*RES 1: Sgd1.3607 - 21-DMA

*PRICE: Sgd1.3569 @ 2300GMT

*SUP 1: Sgd1.3525- 200-WMA 

*SUP 2: Sgd1.3484 - Low Oct 13 

*SUP 3: Sgd1.3430 - Low Sept 22 

*SUP 4: Sgd1.3399 - Low Sept 20

*COMMENTARY: The failure to produce a break above Sgd1.3659 left the pair

looking heavy as it flirts with the 55-DMA (Sgd1.3560). Bears continue to look

for a close below the 200-WMA to add weight to their case for a move back to

2017 lows with below Sgd1.3484 to confirm. Bulls still need a close above the

21-DMA to gain breathing room and shift focus back to layers of resistance

Sgd1.3659-1.3720.

DOLLAR-WON TECHS: Krw1110.5 Resistance Key This Week

*RES 4: Krw1116.9 - 21-DMA

*RES 3: Krw1116.6 - High Nov 15

*RES 2: Krw1110.5 - Low Mar 28 now resistance

*RES 1: Krw1107.5 - High Nov 16

*PRICE: Krw1100.6 @ 2300GMT

*SUP 1: Krw1093.0 - 2017 Low Nov 17

*SUP 2: Krw1089.7 - 2016 Low Sept 7

*SUP 3: Krw1084.0 - Low May 18 2015

*SUP 4: Krw1078.8 - Low May 4 2015

*COMMENTARY: Topside failure ahead of the 21-DMA last week resulted in a

dramatic sell-off to fresh 2017 and 14mth lows Friday although follow through

was a little lacking courtesy of the Bollinger base (Krw1098.9). Layers of

resistance have been left in the wake with the close above buying bulls

breathing room but a close above Krw1110.5 remains needed to shift focus back to

the 21-DMA.

DOLLAR-MYR TECHS: Bears Focused On Myr4.0900

*RES 4: Myr4.2170 - 55-DMA 

*RES 3: Myr4.2050 - Low Nov 9 now resistance 

*RES 2: Myr4.2020 - High Nov 10 

*RES 1: Myr4.1730 - Lows Nov 10 & 15

*PRICE: Myr4.1623 @ 2300GMT

*SUP 1: Myr4.1490 - 2017 Low Nov 20 

*SUP 2: Myr4.1400 - Low Oct 11 2016 

*SUP 3: Myr4.1070 - Low Sept 29 2016 

*SUP 4: Myr4.0900 - Low Sept 13 2016

*COMMENTARY: The 100-DMA capped rallies in recent weeks resulting in a sell-off

to fresh 2017 and 13mth lows with bears now focused on the Myr4.0900 support.

O/S daily studies and the Bollinger base (Myr4.1594) remain key concerns for

bears. Bulls still need a close above Myr4.1730 to ease immediate bearish

pressure and above Myr4.2050 to shift immediate focus back to the 55-DMA.

DOLLAR-CNH TECHS: Bulls Need Close Above Cnh6.6651

*RES 4: Cnh6.7154 - Low Aug 1 now resistance 

*RES 3: Cnh6.6904 - High Oct 3 

*RES 2: Cnh6.6651 - High Oct 27 

*RES 1: Cnh6.6545 - 100-DMA

*PRICE: Cnh6.6464 @ 2300GMT

*SUP 1: Cnh6.6189 - Low Nov 15

*SUP 2: Cnh6.6173 - Daily Bull channel base

*SUP 3: Cnh6.6079 - 55-DMA

*SUP 4: Cnh6.5852 - Low Nov 2

*COMMENTARY: Rallies remain capped ahead of the 100-DMA with bears needing a

close below the 55-DMA to add weight to their case for a move back to Cnh6.5568

and below Cnh6.5852 to confirm. The Cnh6.6651 resistance remains key. Bulls need

a close above to confirm a break of the 100-DMA and above Cnh6.6904 to target

the 200-DMA (Cnh6.7564).

DOLLAR-PHP TECHS: Bears Focused On 200-DMA

*RES 4: Php51.470 - High Nov 8 

*RES 3: Php51.335 - 21-DMA 

*RES 2: Php51.230 - High Nov 15 

*RES 1: Php51.030 - High Nov 20

*PRICE: Php50.950 @ 2300GMT

*SUP 1: Php50.720 - Low Sept 26 

*SUP 2: Php50.550 - Monthly Low Sept 25 

*SUP 3: Php50.453 - 200-DMA 

*SUP 4: Php50.250 - Low Aug 7

*COMMENTARY: The correction lower from 2017 highs has defined November so far

with bears currently focused on the 200-DMA. Daily studies at O/S levels and the

Bollinger base (Php50.793) remain key concerns for bears with potential to limit

follow through. In saying that, bulls now need a close above Php51.030 to ease

bearish pressure and above Php51.230 to shift focus to Php51.335-470 where the

21-DMA is located.

DOLLAR-THB TECHS: Bulls Need Close Above Thb32.92

*RES 4: Thb33.15 - 55-DMA 

*RES 3: Thb33.09 - 21-DMA 

*RES 2: Thb33.07 - High Nov 15 

*RES 1: Thb32.92 - High Nov 17

*PRICE: Thb32.81 @ 2300GMT

*SUP 1: Thb33.79 - Weekly Bollinger band base 

*SUP 2: Thb33.73 - 2017 Low Nov 17 

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

*SUP 4: Thb32.14 - Daily Bear channel base

*COMMENTARY: Continued fresh 2017 lows have reconfirmed a bearish bias with

bears also reconfirming overall focus on tests of 2017 lows. O/S daily studies

and the Bollinger bases remain key concerns for bears. Bulls still need a close

above Thb32.92 to gain breathing room and above the 55-DMA to shift immediate

focus to Thb33.28-35 where the 100-DMA is situated.

DOLLAR-IDR TECHS: Bulls Need Close Above Idr13558

*RES 4: Idr13690 - Rising TL off Sept & Oct highs 

*RES 3: Idr13640 - 2017 High Oct 27 

*RES 2: Idr13605 - High Oct 30 

*RES 1: Idr13558 - Low Nov 13

*PRICE: Idr13533 @ 2300GMT

*SUP 1: Idr13490 - Low Nov 7 

*SUP 2: Idr13455 - Low Oct 5 

*SUP 3: Idr13450 - 55-DMA 

*SUP 4: Idr13402 - 100-DMA

*COMMENTARY: The pair currently flirts with the 21-DMA (Idr13544). The Idr13558

resistance remains key with bulls still needing a close above to gain traction

above -the 21-DMA and shift focus back to Idr13605-640. While Idr13558 caps

immediate bearish focus remains on the 55-DMA with a close below last seen in

late Sept.

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

[TOPICS: MTABLE]