MNI Dollar-Asia Morning FX Technical Analysis

4 December 2017

By Kyle Shortland

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

http://tinyurl.com/pzkomnu

DOLLAR-SING TECHS: Sgd1.3528-67 Resistance Region Remains Key

*RES 4: Sgd1.3567 - 100-DMA 

*RES 3: Sgd1.3560 - 55-DMA 

*RES 2: Sgd1.3532 - 200-WMA, Daily Bear channel top 

*RES 1: Sgd1.3507 - High Nov 30

*PRICE: Sgd1.3474 @ 2300GMT

*SUP 1: Sgd1.3440 - Hourly support Dec 1 

*SUP 2: Sgd1.3415 - Low Dec 1 

*SUP 3: Sgd1.3399 - Low Sept 20, Bear channel base 

*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-DMA to shift initial focus to

Sgd1.3659. Initial support is noted at Sgd1.3440 with bears now needing a close

below Sgd1.3399 to reconfirm focus on 2017 lows.

DOLLAR-WON TECHS: Bulls Need Close Above Krw1094.0

*RES 4: Krw1101.4 - High Nov 20

*RES 3: Krw1100.9 - 21-DMA

*RES 2: Krw1094.0 - High Nov 22

*RES 1: Krw1090.9 - High Nov 28

*PRICE: Krw1086.4 @ 2300GMT

*SUP 1: Krw1080.3 - Low Nov 30

*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 (Krw1073.2) limiting follow through. In saying that, bulls still

need a close above Krw1094.0 to shift focus back to Krw1100.9-1110.5 where the

21-DMA is located. Bears need a close below Krw1080.3 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: Myr4.0785 - 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: Bulls Need Close Above 100-DMA

*RES 4: Cnh6.6904 - High Oct 3 

*RES 3: Cnh6.6651 - High Oct 27 

*RES 2: Cnh6.6354 - 100-DMA 

*RES 1: Cnh6.6279 - High Nov 30

*PRICE: Cnh6.5964 @ 2300GMT

*SUP 1: Cnh6.5926 - Low Dec 1

*SUP 2: Cnh6.5674 - Low Nov 24

*SUP 3: Cnh6.5568 - Low Oct 11

*SUP 4: Cnh6.5409 - Low Sept 18

*COMMENTARY: Hesitation above 21 (Cnh6.6210) & 55 (Cnh6.6199) DMAs last week is

a concern for bulls and leaves the pair looking a little heavy having broken

Cnh6.5933. Immediate bearish focus shifts to Cnh6.5568-5674 with a close below

to target Cnh6.5033. Bulls now need 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.

DOLLAR-PHP TECHS: Above 200-DMA To Ease Bearish Pressure

*RES 4: Php51.103 - 55-DMA 

*RES 3: Php51.030 - High Nov 20 

*RES 2: Php50.750 - High Nov 24 

*RES 1: Php50.483 - 200-DMA

*PRICE: Php50.370 @ 2300GMT

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

*SUP 2: Php50.049 - 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 is on

Php50.049-140. O/S daily studies and Bollinger base (Php50.216) 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

Php50.923-230 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: Thb32.83 - 21-DMA 

*RES 1: Thb32.77 - High Nov 22

*PRICE: Thb32.65 @ 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: Thb32.02 - 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 Thb32.92-33.15 where 55 & 100-DMAs and the bear channel top

(Thb32.99) are located.

DOLLAR-IDR TECHS: Bears Need Close Below 55-DMA

*RES 4: Idr13640 - 2017 High Oct 27 

*RES 3: Idr13605 - High Oct 30 

*RES 2: Idr13558 - Low Nov 13 

*RES 1: Idr13551 - Bollinger band top

*PRICE: Idr13524 @ 2300GMT

*SUP 1: Idr13494 - 55-DMA 

*SUP 2: Idr13490 - Low Nov 7 

*SUP 3: Idr13455 - Low Oct 5 

*SUP 4: Idr13414 - 100-DMA

*COMMENTARY: Marginal closes above the 21-DMA (Idr13522) following a bounce from

ahead of the 55-DMA provides bulls hope but a close above Idr13558 remains

needed to reconfirm focus on Idr13605-640 where 2017 highs are situated. Daily

studies are well placed for a leg higher. Bears continue to look for a close

below the 55-DMA to hint at a move back to 100 (Idr13414) & 200 (Idr13369) DMAs.

DOLLAR-INR 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: Inr64.4625 @ 2300GMT

*SUP 1: Inr64.2332 - Daily Bear channel base 

*SUP 2: Inr64.2064 - 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 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]