MNI Dollar-Asia Morning FX Technical Analysis

30 November 2017

By Kyle Shortland

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

http://tinyurl.com/pzkomnu

DOLLAR-SING TECHS: Sgd1.3528-74 Resistance Region Key

*RES 4: Sgd1.3574 - 100-DMA 

*RES 3: Sgd1.3554 - Daily Bear channel top 

*RES 2: Sgd1.3528 - 200-WMA 

*RES 1: Sgd1.3486 - High Nov 23

*PRICE: Sgd1.3461 @ 2300GMT

*SUP 1: Sgd1.3430 - Low Sept 22 

*SUP 2: Sgd1.3399 - Low Sept 20 

*SUP 3: Sgd1.3342 - 2017 Low Sept 8 

*SUP 4: Sgd1.3315 - 2016 Low June 23

*COMMENTARY: Topside hesitation ahead of 100 (Sgd1.3574) & 21 (Sgd1.3554) DMAs

resulted in a sharp sell-off and bearish close last Wed that sees overall focus

back on 2017 lows. The Bollinger base (Sgd1.3424) is the key concern for bears

with potential to limit follow through. Bulls still need a close above the

200-WMA to ease bearish pressure and above the 100-DMA to shift initial focus to

Sgd1.3659.

DOLLAR-WON TECHS: Focus On 2015 Low Krw1094.0 Resistance Key

*RES 4: Krw1101.4 - High Nov 20

*RES 3: Krw1094.0 - High Nov 22

*RES 2: Krw1090.9 - High Nov 28

*RES 1: Krw1083.3 - Low Nov 24 now resistance

*PRICE: Krw1076.8 @ 2300GMT

*SUP 1: Krw1075.5 - 2017 Low Nov 29

*SUP 2: Krw1066.6 - 2015 Low Apr 29 2015

*SUP 3: Krw1062.0 - High Oct 24 2014 now support

*SUP 4: Krw1045.6 - Monthly Low Oct 29 2014

*COMMENTARY: Fresh 2017 and 2+ year lows continue with immediate bearish focus

on 2015 lows and then the Krw1045.6 Oct monthly low from 2014. O/S daily studies

and Bollinger base (Krw1076.3) remain key concerns for bears. In saying that,

bulls still need a close above Krw1094.0 to shift focus back to Krw1101.4-1110.5

where the 21-DMA (Krw1130.4) is located.

DOLLAR-MYR TECHS: Pressuring Bear Channel Base

*RES 4: Myr4.1737 - 21-DMA 

*RES 3: Myr4.1725 - Lows Nov 10 & 15 now resistance 

*RES 2: Myr4.1423 - High Nov 24 

*RES 1: Myr4.1311 - High Nov 28

*PRICE: Myr4.0810 @ 2300GMT

*SUP 1: Myr4.0799 - Daily Bear channel base 

*SUP 2: Myr4.0723 - Bollinger band base 

*SUP 3: Myr4.0370 - Monthly Low Sept 8 2016 

*SUP 4: Myr4.0135 - Low Aug 26 2016

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

to repeated fresh 2017 and 13mth lows with bears focused on Myr4.0135-0370.

Immediate pressure is now on the bear channel base. O/S daily studies and the

Bollinger base remain key concerns. Bulls need a close above Myr4.1423 to ease

immediate bearish pressure and above the 21-DMA to shift immediate focus back to

Myr4.2020-2050 where the 55-DMA is situated.

DOLLAR-CNH TECHS: Above 21-DMA To Ease Bearish Pressure

*RES 4: Cnh6.6904 - High Oct 3 

*RES 3: Cnh6.6651 - High Oct 27 

*RES 2: Cnh6.6405 - 100-DMA 

*RES 1: Cnh6.6233 - 21-DMA

*PRICE: Cnh6.6102 @ 2300GMT

*SUP 1: Cnh6.5933 - Low Nov 27

*SUP 2: Cnh6.5674 - Low Nov 24

*SUP 3: Cnh6.5568 - Low Oct 11

*SUP 4: Cnh6.5409 - Low Sept 18

*COMMENTARY: Bulls take comfort in the recovery that sees the pair working its

way back towards resistance layers and DMAs. Bulls need a close above the 21-DMA

to ease bearish pressure and above Cnh6.6651 to shift initial focus to Cnh6.6904

and overall focus to the 200-DMA (Cnh6.7476). Bears still need a close below

Cnh6.5933 to ease pressure on the 21-DMA and below Cnh6.5568 to confirm focus on

a move back to Cnh6.5053.

DOLLAR-PHP TECHS: Php50.480-750 Resistance Region Now Key

*RES 4: Php51.124 - 55-DMA 

*RES 3: Php51.030 - High Nov 20 

*RES 2: Php50.750 - High Nov 24 

*RES 1: Php50.480 - 200-DMA

*PRICE: Php50.270 @ 2300GMT

*SUP 1: Php50.140 - Monthly Low Aug 4 

*SUP 2: Php50.104 - Daily bear channel base 

*SUP 3: Php49.970 - Low June 20 

*SUP 4: Php49.770 - Low June 16

*COMMENTARY: Pressure on the 200-DMA took its toll with the first close below

since Sept 2016 adding weight to the bearish case. Immediate bearish focus

shifts to Php50.104-140. O/S daily studies and Bollinger base (Php50.263) remain

key concerns for bears. The 200-DMA is initial resistance with bulls needing a

close above to ease immediate bearish pressure and above Php50.750 shift focus

to Php50.972-230 where key DMAs are located.

DOLLAR-THB TECHS: Above Thb32.77 To Ease Bearish Pressure

*RES 4: Thb33.07 - High Nov 15 

*RES 3: Thb32.92 - High Nov 17 

*RES 2: Thb32.90 - 21-DMA 

*RES 1: Thb32.77 - High Nov 22

*PRICE: Thb32.57 @ 2300GMT

*SUP 1: Thb33.48 - 2017 Low Nov 29, Bollinger band base 

*SUP 2: Thb32.26 - 2015 Lows Feb 26 & Apr 17 & 20 2015 

*SUP 3: Thb32.19 - Monthly Low Oct 21 2014 

*SUP 4: Thb32.05 - Daily Bear channel base

*COMMENTARY: Continued fresh 2017 lows add weight to the bearish case with

overall focus on tests of the bear channel base. O/S daily studies and the

Bollinger bases remain key concerns for bears. In saying that, bulls still need

a close above Thb32.77 to ease immediate bearish pressure and hint at a

correction back to Thb32.90-33.09 where 21 & 55-DMAs and the bear channel top

are located.

DOLLAR-IDR TECHS: Idr13525-538 Resistance Region Remains Key

*RES 4: Idr13605 - High Oct 30 

*RES 3: Idr13564 - Bollinger band top 

*RES 2: Idr13558 - Low Nov 13 

*RES 1: Idr13525 - 21-DMA

*PRICE: Idr13502 @ 2300GMT

*SUP 1: Idr13490 - Low Nov 7 

*SUP 2: Idr13484 - 55-DMA 

*SUP 3: Idr13455 - Low Oct 5 

*SUP 4: Idr13411 - 100-DMA

*COMMENTARY: The pair again remains capped by the 21-DMA. 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 the 21-DMA caps

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

late Sept. Below the 55-DMA pressures 100 (Idr13411) & 200 (Idr13367) DMAs.

DOLLAR-INR TECHS: Bulls Need Close Above Inr64.6075

*RES 4: Inr65.1375 - Low Nov 

*RES 3: Inr64.8848 - 200-DMA 

*RES 2: Inr64.8588 - 55-DMA 

*RES 1: Inr64.6075 - High Nov 28

*PRICE: Inr64.3100 @ 2300GMT

*SUP 1: Inr64.2449 - Daily Bear channel base 

*SUP 2: Inr64.2251 - Bollinger band base 

*SUP 3: Inr63.7750 - Monthly Low Sept 8 

*SUP 4: Inr63.5600 - 2017 Low Aug 3

*COMMENTARY: Failure to gain traction on pops above the LT falling TL

(Inr65.3234) off Nov 2016 highs in recent weeks resulted in a sell off that sees

bears pressuring the daily bear channel base and a close below to confirm focus

on 2017 lows. Bulls now need a close above Inr64.6075 to ease bearish pressure

and above the 200-DMA to shift focus to layers of resistance Inr65.1375-5425.

O/S daily studies are now a concern for bears.

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

[TOPICS: MTABLE]