MNI Dollar-Asia Morning FX Technical Analysis

22 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 Remain 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: Sgd1.3603 - 21-DMA

*PRICE: Sgd1.3541 @ 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: Krw1115.2 - 21-DMA

*RES 3: Krw1110.5 - Low Mar 28 now resistance

*RES 2: Krw1107.5 - High Nov 16

*RES 1: Krw1101.4 - High Nov 20

*PRICE: Krw1095.8 @ 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 is

a little lacking courtesy of the Bollinger base (Krw1096.2). Layers of

resistance remain with the Krw1110.5 level key this week. Bull need a close

above this level to shift focus back to the 21-DMA whereas bears are currently

focused on 2016 lows.

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: Myr4.1490 @ 2300GMT

*SUP 1: Myr4.1130 - 2017 Low Nov 21 

*SUP 2: Myr4.1070 - Low Sept 29 2016 

*SUP 3: Myr4.0900 - Low Sept 13 2016 

*SUP 4: Myr4.0370 - Monthly Low Sept 8 2016

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

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

support. O/S daily studies and the Bollinger base (Myr4.1478) 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: 100-DMA Continues To Cap

*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: Cnh6.6527 - 100-DMA

*PRICE: Cnh6.6258 @ 2300GMT

*SUP 1: Cnh6.6189 - Low Nov 15

*SUP 2: Cnh6.6095 - 55-DMA, Bollinger band base

*SUP 3: Cnh6.5852 - Low Nov 2

*SUP 4: Cnh6.5568 - Low Oct 11

*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 a close below Cnh6.5852 to confirm. The Cnh6.6651 resistance remains key.

Bulls need a close above to confirm a break of the 100-DMA that is currently

capping and above Cnh6.6904 to target the 200-DMA (Cnh6.7553).

DOLLAR-PHP TECHS: Bears Focused On 200-DMA

*RES 4: Php51.470 - High Nov 8 

*RES 3: Php51.298 - 21-DMA 

*RES 2: Php51.230 - High Nov 15 

*RES 1: Php51.030 - High Nov 20

*PRICE: Php50.740 @ 2300GMT

*SUP 1: Php50.720 - Low Sept 26 

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

*SUP 3: Php50.458 - 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

looking to correct and the Bollinger base (Php50.707) remain key concerns for

bears with potential to limit follow through. In saying that, bulls still need a

close above Php51.030 to ease bearish pressure and above the 21-DMA now to shift

focus to Php51.470.

DOLLAR-THB TECHS: Overall Focus On Bear Channel Base

*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: Thb32.75 @ 2300GMT

*SUP 1: Thb33.75 - Weekly Bollinger band base 

*SUP 2: Thb33.72 - 2017 Low Nov 21 

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

*SUP 4: Thb32.13 - Daily Bear channel base

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

bears also reconfirming overall focus on tests of the bear channel base. 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: Idr13558 Resistance Remains Key

*RES 4: Idr13693 - 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: Idr13532 @ 2300GMT

*SUP 1: Idr13490 - Low Nov 7 

*SUP 2: Idr13455 - Low Oct 5 

*SUP 3: Idr13453 - 55-DMA 

*SUP 4: Idr13403 - 100-DMA

*COMMENTARY: The pair continues to flirt with the 21-DMA (Idr13543). 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. Below the 55-DMA pressures 100 (Idr13403) & 200 (Idr13362) DMAs.

DOLLAR-INR TECHS: 

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

[TOPICS: MTABLE]