MNI 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]