-
Policy
Policy
Exclusive interviews with leading policymakers that convey the true policy message that impacts markets.
LATEST FROM POLICY: -
EM Policy
EM Policy
Exclusive interviews with leading policymakers that convey the true policy message that impacts markets.
LATEST FROM EM POLICY: -
G10 Markets
G10 Markets
Real-time insight on key fixed income and fx markets.
Launch MNI PodcastsFixed IncomeFI Markets AnalysisCentral Bank PreviewsFI PiFixed Income Technical AnalysisUS$ Credit Supply PipelineGilt Week AheadGlobal IssuanceEurozoneUKUSDeep DiveGlobal Issuance CalendarsEZ/UK Bond Auction CalendarEZ/UK T-bill Auction CalendarUS Treasury Auction CalendarPolitical RiskMNI Political Risk AnalysisMNI Political Risk - US Daily BriefMNI Political Risk - The week AheadElection Previews -
Emerging Markets
Emerging Markets
Real-time insight of emerging markets in CEMEA, Asia and LatAm region
-
Commodities
Commodities
Real-time insight of oil & gas markets
-
Credit
Credit
Real time insight of credit markets
-
Data
-
Global Macro
Global Macro
Actionable insight on monetary policy, balance sheet and inflation with focus on global issuance. Analysis on key political risk impacting the global markets.
Global MacroDM Central Bank PreviewsDM Central Bank ReviewsEM Central Bank PreviewsEM Central Bank ReviewsBalance Sheet AnalysisData AnalysisEurozone DataUK DataUS DataAPAC DataInflation InsightEmployment InsightGlobal IssuanceEurozoneUKUSDeep DiveGlobal Issuance Calendars EZ/UK Bond Auction Calendar EZ/UK T-bill Auction Calendar US Treasury Auction Calendar Chart Packs -
About Us
To read the full story
Sign up now for free trial access to this content.
Please enter your details below.
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
Real-time Actionable Insight
Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.
Free AccessMNI Dollar-Asia Morning FX Technical Analysis
26 December 2017
By Kyle Shortland
Click below for today's MNI FX Technical Analysis Report -
http://tinyurl.com/pzkomnu
DOLLAR-SING TECHS: Above Sgd1.3498 To Ease Bearish Pressure
*RES 4: Sgd1.3544 - 200-WMA
*RES 3: Sgd1.3526 - Bollinger band top
*RES 2: Sgd1.3498 - Alternating daily support/resistance
*RES 1: Sgd1.3472 - 21-DMA
*PRICE: Sgd1.3438 @ 2300GMT
*SUP 1: Sgd1.3415 - Low Dec 1
*SUP 2: Sgd1.3399 - Low Sept 20
*SUP 3: Sgd1.3342 - 2017 Low Sept 8
*SUP 4: Sgd1.3312 - Daily Bear channel base
*COMMENTARY: Hesitation around the 200-WMA saw a sell-off and closes below the
21-DMA leave the pair looking heavy with immediate bearish focus on
Sgd1.3399-1.3415 and overall focus on Sgd1.3312-42 where 2017 lows and bear
channel base are situated. Bulls need a close above Sgd1.3498 to ease bearish
pressure and above the 100-DMA to end bearish hopes, shifting focus back to
Sgd1.3659-1.3710 where the 200-DMA is noted.
DOLLAR-WON TECHS: Bulls Need Close Above Bear Channel Top
*RES 4: Krw1101.4 - High Nov 20
*RES 3: Krw1096.2 - High Dec 7
*RES 2: Krw1090.5 - Daily Bear channel top
*RES 1: Krw1087.4 - 21-DMA
*PRICE: Krw1082.7 @ 2300GMT
*SUP 1: Krw1077.1 - Low Dec 22
*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: Lower daily lows and highs ensure bearish focus remains on the
Krw1062.0-1075.5 support region where 2015 & 2017 lows are situated. The 21-DMA
is initial resistance but bulls need a close above the bear channel top to ease
bearish pressure. A close above Krw1101.4 is needed to shift immediate focus to
Krw1107.1-1110.5 where the 55-DMA (Krw1107.1) is located. The Bollinger base
(Krw1078.2) is the key concern forbears and limits follow through.
DOLLAR-MYR TECHS: Myr4.0470 & Myr4.1014 Levels Remain Key
*RES 4: Myr4.1423 - High Nov 24
*RES 3: Myr4.1311 - High Nov 28
*RES 2: Myr4.1014 - High Dec 12
*RES 1: Myr4.0850 - 21-DMA
*PRICE: Myr4.0785 @ 2300GMT
*SUP 1: Myr4.0620 - Low Dec 19
*SUP 2: Myr4.0470 - 2017 Low Dec 5
*SUP 3: Myr4.0370 - Monthly Low Sept 8 2016
*SUP 4: Myr4.0135 - Low Aug 26 2016
*COMMENTARY: Follow through was lacking on the recent 2017 lows with correcting
O/S daily studies providing the impetus for a correction. Key resistance is
noted at Myr4.1014 with bulls needing a close above to ease bearish pressure and
hint at a correction back to Myr4.1311-1423. While Myr4.1014 caps bears remain
focused on Myr3.9750-4.0470 where the Aug monthly low is noted. Overall focus
remains on the 200-WMA (Myr3.9269).
DOLLAR-CNH TECHS: Bulls Need Close Above Cnh6.5926
*RES 4: Cnh6.6904 - High Oct 3
*RES 3: Cnh6.6651 - High Oct 27
*RES 2: Cnh6.6144 - 100-DMA
*RES 1: Cnh6.5926 - Low Dec 1 now resistance
*PRICE: Cnh6.5456 @ 2300GMT
*SUP 1: Cnh6.5409 - Low Sept 18
*SUP 2: Cnh6.5219 - Low Sept 13
*SUP 3: Cnh6.5053 - Low Sept 11
*SUP 4: Cnh6.4856 - 200-WMA
*COMMENTARY: Follow through was lacking on Thursday's sell-off but bears
currently focus on the Cnh6.5053 support with a close below to confirm focus on
Cnh6.4434-4835 where 2017 lows and the 200-WMA are situated. The Cnh6.5926 level
remains initial resistance with bulls needing a close above to ease bearish
pressure and shift initial focus back to the 100-DMA. Daily studies approaching
O/S is less than ideal for bears.
DOLLAR-PHP TECHS: Bulls Need Close Above 200-DMA
*RES 4: Php50.965 - 55-DMA
*RES 3: Php50.939 - 100-DMA
*RES 2: Php50.810 - High Dec 7
*RES 1: Php50.516 - 200-DMA
*PRICE: Php50.140 @ 2300GMT
*SUP 1: Php50.100 - Low Dec 21
*SUP 2: Php49.970 - Low June 20
*SUP 3: Php49.770 - Low June 16
*SUP 4: Php49.615 - Daily Bear channel base
*COMMENTARY: Bears take comfort from fresh 6mth lows Thursday although the lack
of follow through was less than ideal. Bears now focus on the Php49.970 support
with a close below to add weight to the case for a test of the bear channel
base. Layers of resistance are accumulating with bulls now needing a close above
Php50.340 to ease bearish pressure and above the 200-DMA to shift initial focus
back to Php50.810-51.030 where 100 & 55-DMAs are situated.
DOLLAR-THB TECHS: Thb33.07 Resistance Remains Key
*RES 4: Thb33.35 - High Oct 27
*RES 3: Thb33.07 - High Nov 15
*RES 2: Thb33.03 - 100-DMA
*RES 1: Thb32.92 - High Nov 17
*PRICE: Thb32.75 @ 2300GMT
*SUP 1: Thb33.60 - Low Dec 19
*SUP 2: Thb33.43 - 2017 Low Dec 14
*SUP 3: Thb32.26 - 2015 Lows Feb 26 & Apr 17 & 20 2015
*SUP 4: Thb32.19 - Monthly Low Oct 21 2014
*COMMENTARY: Bullish confidence grows following spikes towards 55 & 100-DMAs
with bulls currently needing a close above Thb33.07 to end bearish hopes and
shift focus to Thb33.35-70 where the 200-DMA (Thb33.58) is situated. Daily
studies are well placed for gains. Bears continue to look for a close below
Thb33.60 to ease renewed bullish pressure and return initial focus to 2017 lows.
DOLLAR-IDR TECHS: Bears Need Close Below 55-DMA
*RES 4: Idr13698 - Monthly High June 2 2016
*RES 3: Idr13640 - 2017 High Oct 27
*RES 2: Idr13605 - High Oct 30
*RES 1: Idr13565 - High Dec 21
*PRICE: Idr13560 @ 2300GMT
*SUP 1: Idr13537 - 55-DMA
*SUP 2: Idr13490 - Low Nov 7
*SUP 3: Idr13455 - Low Oct 5
*SUP 4: Idr13452 - 100-DMA
*COMMENTARY: Topside hesitation ahead of Idr13605 took its toll with a sell-off
that sees pressure back on the 55-DMA. Bears need a close below the 55-DMA to
confirm an easing of bullish pressure and below Idr13490 to shift initial focus
to Idr13448-455 where the 100-DMA is situated. Bulls now need a close above
Idr13565 to gain breathing room and above Idr13605 to reconfirm initial focus on
2017 highs.
--MNI Beijing Bureau; tel: +44 207-862-7435; email: kyle.shortland@mni-news.com
[TOPICS: MTABLE]
To read the full story
Sign up now for free trial access to this content.
Please enter your details below.
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.