-
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
-
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
3 January 2018
By Kyle Shortland
Please click on this link to access MNI's daily Dollar-Asia FX Technical
Analysis Pdf http://tinyurl.com/pzkomnu
DOLLAR-SING TECHS: Bears Now Targeting 2015 Low
*RES 4: Sgd1.3445 - 21-DMA
*RES 3: Sgd1.3415 - Low Dec 1 now resistance
*RES 2: Sgd1.3342 - 2017 Low Sept 8 now resistance
*RES 1: Sgd1.3300 - Hourly resistance Jan 2
*PRICE: Sgd1.3286 @ 2300GMT
*SUP 1: Sgd1.3271 - 2018 Low Jan 2
*SUP 2: Sgd1.3145 - 2015 Low Apr 29
*SUP 3: Sgd1.3000 - Monthly Low Dec 16 2014
*SUP 4: Sgd1.2955 - Low Nov 27 2014
*COMMENTARY: Losses to start the new year see the pair looking heavy with the
bearish close seeing focus on the Sgd1.3000-1.3145 region where 2015 lows are
situated. O/S daily studies and the Bollinger band base (Sgd1.3329) remain key
concerns for bears with potential to limit follow through. Bulls now need a
close above Sgd1.3342 to gain breathing room and above the 21-DMA to hint at a
bigger correction.
DOLLAR-WON TECHS: Initial Focus Now On 2015 Low
*RES 4: Krw1084.0 - 21-DMA
*RES 3: Krw1082.8 - High Dec 21
*RES 2: Krw1076.0 - High Dec 28
*RES 1: Krw1070.0 - Low Dec 28 now resistance
*PRICE: Krw1061.2 @ 2300GMT
*SUP 1: Krw1061.2 - 2018 Low Jan 2
*SUP 2: Krw1051.6 - Daily Bear channel base
*SUP 3: Krw1045.6 - Monthly Low Oct 29 2014
*SUP 4: Krw1031.0 - Low Sept 17 2014
*COMMENTARY: The pair remains heavy with the bearish close to start the new year
seeing focus on layers of support Krw1045.6-1051.6 where the bear channel base
is situated. O/S daily studies and the Bollinger band base remain key concerns
for bears. In saying that, layers of resistance are weighing with bulls needing
a close above Krw1076.1 to ease bearish pressure and above the bear channel top
(Krw1085.2) to shift focus to Krw1096.2-1101.4 where the 55-DMA is noted.
DOLLAR-MYR TECHS: Bears Focused On 200-WMA
*RES 4: Myr4.1311 - High Nov 28
*RES 3: Myr4.1014 - High Dec 12
*RES 2: Myr4.0758 - 21-DMA
*RES 1: Myr4.0450 - High Jan 2
*PRICE: Myr4.0350 @ 2300GMT
*SUP 1: Myr4.0135 - Low Aug 26 2016
*SUP 2: Myr3.9750 - Monthly Low Aug 8 2016
*SUP 3: Myr3.9346 - 200-WMA
*SUP 4: Myr3.9314 - Monthly Low July 14 2016
*COMMENTARY: Bears have reasserted dominance to start the new year with fresh
16mth lows adding weight to the case for a test of the 200-WMA. Daily studies
are approaching O/S but still have room to move. Bulls now need a close above
Myr4.0450 to gain breathing room and above Myr4.1014 to shift focus to
Myr4.1311-1494 where the 55-DMA is situated.
DOLLAR-CNH TECHS: Immediate Focus On 2017 Low
*RES 4: Cnh6.5926 - Low Dec 1 now resistance
*RES 3: Cnh6.5823 - High Dec 21
*RES 2: Cnh6.5695 - High Dec 25
*RES 1: Cnh6.5340 - High Dec 29
*PRICE: Cnh6.5003 @ 2300GMT
*SUP 1: Cnh6.4874 - 200-WMA
*SUP 2: Cnh6.4863 - Low Jan 2
*SUP 3: Cnh6.4425 - 2017 Low Sept 8
*SUP 4: Cnh6.4140 - Low Nov 25 2015
*COMMENTARY: Topside failures around the 100-DMA (Cnh6.6047) in early Dec have
no resulted in a sell-off that sees focus on tests of 2017 lows. Bears look for
a close below the 200-WMA to add weight to their case. O/S daily studies looking
to correct are the key concern for bears. Bulls now look for a close above
Cnh6.5340 to ease immediate bearish pressure and hint at a correction back to
Cnh6.5695-6072 where key DMAs are noted.
DOLLAR-PHP TECHS: Bears Focused On Channel Base
*RES 4: Php50.509 - 200-DMA
*RES 3: Php50.356 - 21-DMA
*RES 2: Php50.350 - High Dec 22
*RES 1: Php50.100 - Low Dec 21 now resistance
*PRICE: Php49.930 @ 2300GMT
*SUP 1: Php49.850 - Low Dec 28
*SUP 2: Php49.770 - Low June 16
*SUP 3: Php49.440 - Low June 15
*SUP 4: Php49.422 - Daily Bear channel base
*COMMENTARY: Fresh 6mth lows continue with bears currently focused on the
Php49.422-440 support region where the bear channel base is situated. Bulls
continue to look for a close above Php50.100 to gain breathing room but a close
above the 200-DMA remains needed to shift focus to Php50.810-51.030 where 55 &
100-DMAs are situated. O/S daily studies are the key concern for bears with
potential to limit follow through.
DOLLAR-THB TECHS: Bears Focused On 2015 Low
*RES 4: Thb33.00 - 100-DMA
*RES 3: Thb32.92 - High Nov 17
*RES 2: Thb32.83 - 55-DMA
*RES 1: Thb32.63 - 21-DMA
*PRICE: Thb32.43 @ 2300GMT
*SUP 1: Thb33.39 - 2018 Low Jan 2
*SUP 2: Thb32.26 - 2015 Lows Feb 26 & Apr 17 & 20 2015
*SUP 3: Thb32.19 - Monthly Low Oct 21 2014
*SUP 4: Thb31.84 - Daily Bear channel base
*COMMENTARY: The 55-DMA capped the recovery in Dec with the pair remaining heavy
to start the new year following fresh nearly 3 year lows. Bears currently focus
on Thb32.19-26 where 2015 lows are noted with overall focus back on tests of the
bear channel base. Daily studies are well placed for further downside. Bulls now
need a close above the 21-DMA to ease immediate bearish pressure.
DOLLAR-IDR TECHS: Focus Shifts To Idr13455-465
*RES 4: Idr13640 - 2017 High Oct 27
*RES 3: Idr13605 - High Oct 30
*RES 2: Idr13565 - High Dec 21
*RES 1: Idr13543 - 55-DMA
*PRICE: Idr13515 @ 2300GMT
*SUP 1: Idr13490 - Low Nov 7
*SUP 2: Idr13455 - Low Oct 5
*SUP 3: Idr13392 - 200-DMA
*SUP 4: Idr13380 - High Sept 26 now support
*COMMENTARY: Pressure on the 55-DMA has taken its toll with a relatively bearish
close to start the new year seeing focus return to Idr13455-490 where the
100-DMA is noted. Bears now look for a close below Idr13455 to initially target
tests of the 200-DMA. 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.