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GILT TECHS

(M1) 129.27 Resistance Holding

SCHATZ TECHS

(M1) Consolidating

BOBL TECHS

(M1) Bearish Focus

BUND TECHS

(M1) Bearish Engulfing Still In Play

CHINA RATES

China Repo Rates Rise on Monday

1 December 2017
By Kyle Shortland
     
Click below for today's MNI FX Technical Analysis Report -
http://tinyurl.com/pzkomnu
DOLLAR-SING TECHS: Sgd1.3528-71 Resistance Region Remains Key
*RES 4: Sgd1.3571 - 100-DMA 
*RES 3: Sgd1.3541 - Daily Bear channel top 
*RES 2: Sgd1.3528 - 200-WMA 
*RES 1: Sgd1.3507 - High Nov 30
*PRICE: Sgd1.3484 @ 2300GMT
*SUP 1: Sgd1.3457 - Low Nov 30 
*SUP 2: Sgd1.3430 - Low Sept 22 
*SUP 3: Sgd1.3399 - Low Sept 20 
*SUP 4: Sgd1.3342 - 2017 Low Sept 8
*COMMENTARY: O/S daily studies appear to be impacting with support emerging on
dips a concern for bears. Bulls continue to look for a close above the 200-WMA
to ease bearish pressure and above the 100-DAM to shift initial focus to
Sgd1.3659. Initial support is noted at Thursday's low with a close below needed
to ease pressure on the 200-WMA. While the 200-WMA caps bears focus on 2017
lows.
DOLLAR-WON TECHS: Bulls Need Close Above Krw1094.0
*RES 4: Krw1102.3 - 21-DMA
*RES 3: Krw1101.4 - High Nov 20
*RES 2: Krw1094.0 - High Nov 22
*RES 1: Krw1090.9 - High Nov 28
*PRICE: Krw1088.2 @ 2300GMT
*SUP 1: Krw1085.0 - High Nov 29 now support
*SUP 2: Krw1075.5 - 2017 Low Nov 29
*SUP 3: Krw1066.6 - 2015 Low Apr 29 2015
*SUP 4: Krw1062.0 - High Oct 24 2014 now support
*COMMENTARY: The lack of follow through after recent 2017 and 2+ year lows is a
concern for bears when combined with correcting O/S daily studies and the
Bollinger base (Krw1074.8) limiting follow through. In saying that, bulls still
need a close above Krw1094.0 to shift focus back to Krw1101.4-1110.5 where the
21-DMA (Krw1102.3) is located. Bears need a close below Krw1085.0 to retain
focus on 2015 lows and then the Krw1045.6 Oct monthly low from 2014.
DOLLAR-MYR TECHS: Increased Correction Risk
*RES 4: Myr4.1725 - Lows Nov 10 & 15 now resistance 
*RES 3: Myr4.1669 - 21-DMA 
*RES 2: Myr4.1423 - High Nov 24 
*RES 1: Myr4.1311 - High Nov 28
*PRICE: Myr4.0877 @ 2300GMT
*SUP 1: Myr4.0799 - Daily Bear channel base 
*SUP 2: Myr4.0626 - 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 Myr4.1725 to shift immediate focus back to
Myr4.2020-2050 where the 55-DMA is situated.
DOLLAR-CNH TECHS: Cnh6.5568-5933 Support Key
*RES 4: Cnh6.6904 - High Oct 3 
*RES 3: Cnh6.6651 - High Oct 27 
*RES 2: Cnh6.6388 - 100-DMA 
*RES 1: Cnh6.6279 - High Nov 30
*PRICE: Cnh6.6101 @ 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 through resistance layers and DMAs. Follow through above the 21 & 55-DMA has
been lacking with bulls now needing a close above the 100-DMA to add support to
the case for a move back to the 200-DMA with above Cnh6.6904 needed to confirm.
Bears continue to look for a close below Cnh6.5933 to ease pressure on DMAs and
below Cnh6.5568 to confirm focus on tests of 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: Thb32.88 - 21-DMA 
*RES 1: Thb32.77 - High Nov 22
*PRICE: Thb32.62 @ 2300GMT
*SUP 1: Thb33.48 - 2017 Low Nov 29 
*SUP 2: Thb32.26 - 2015 Lows Feb 26 & Apr 17 & 20 2015 
*SUP 3: Thb32.19 - Monthly Low Oct 21 2014 
*SUP 4: Thb32.04 - Daily Bear channel base
*COMMENTARY: Repeated fresh 2017 lows added 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 Thb32.88-33.17 where 21, 55 & 100-DMAs and the bear channel
top (Thb33.00) are located.
DOLLAR-IDR TECHS: Bulls Need Close Above Inr64.6300
*RES 4: Inr65.1375 - Low Nov 
*RES 3: Inr64.8781 - 55-DMA 
*RES 2: Inr64.8545 - 200-DMA 
*RES 1: Inr64.6300 - High Nov 30
*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
(Inr65.2656) 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 Inr64.6300 to ease bearish pressure
and above the 55-DMA to shift focus to layers of resistance Inr65.1375-5425. O/S
daily studies remain a concern for bears.
--MNI Beijing Bureau; tel: +44 207-862-7435; email: kyle.shortland@mni-news.com
[TOPICS: MTABLE]