MNI Dollar-Asia Morning FX Technical Analysis

17 January 2018

By Kyle Shortland

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

http://tinyurl.com/pzkomnu

DOLLAR-SING TECHS: Immediate Focus On 2015 Low

*RES 4: Sgd1.3369 - High Jan 10 

*RES 3: Sgd1.3345 - 21-DMA 

*RES 2: Sgd1.3302 - High Jan 12 

*RES 1: Sgd1.3247 - Low Jan 12 now resistance

*PRICE: Sgd1.3205 @ 2300GMT

*SUP 1: Sgd1.3193 - 2018 Low Jan 16 

*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: The pair remains heavy with repeated fresh 2018 and 2+yr lows again

adding weight to the case for tests of 2015 lows. Daily studies are approaching

O/S which is less than ideal. Layers of resistance remain in place with bulls

still needing a close above Sgd1.3302 to ease bearish pressure and above

Sgd1.3415 to shift focus to Sgd1.3458-1.3538 where 55 & 100-DMAs are situated.

DOLLAR-WON TECHS: Krw1076.0-1082.8 Resistance Region Key

*RES 4: Krw1082.8 - High Dec 21

*RES 3: Krw1076.0 - High Dec 28

*RES 2: Krw1073.4 - 21-DMA

*RES 1: Krw1069.0 - Lows Jan 11 & 12 now resistance

*PRICE: Krw1062.7 @ 2300GMT

*SUP 1: Krw1058.8 - 2018 Low Jan 8

*SUP 2: Krw1045.6 - Monthly Low Oct 29 2014

*SUP 3: Krw1041.0 - Daily Bear channel base

*SUP 4: Krw1031.0 - Low Sept 17 2014

*COMMENTARY: Bears take comfort in the recovery from 2018 lows remaining capped

ahead of the 21-DMA and daily bear channel top (Krw1074.6). Friday's close below

Krw1069.0 sees bears gain breathing room and focused currently on

Krw1041.0-1045.6 where the daily bear channel base is situated. Bulls now need a

close above Krw1076.0 to ease bearish pressure and above Krw1082.8 to shift

immediate focus to the 55-DMA (Krw1089.6).

DOLLAR-MYR TECHS: Bulls Need Close Above Myr3.9850

*RES 4: Myr4.0450 - High Jan 2 

*RES 3: Myr4.0260 - High Jan 3 

*RES 2: Myr4.0050 - High Jan 11 

*RES 1: Myr3.9850 - High Jan 12

*PRICE: Myr3.9550 @ 2300GMT

*SUP 1: Myr3.9490 - 2018 Low Jan 16 

*SUP 2: Myr3.9412 - 200-WMA 

*SUP 3: Myr3.9314 - Monthly Low July 14 2016 

*SUP 4: Myr3.9240 - Daily Bear channel base

*COMMENTARY: The pair remains heavy following repeated fresh 2018 & 18mth lows

retaining bearish focus on Myr3.9240-9412 where the 200-WMA and bear channel

base are situated. O/S daily studies remain the key concern for bears. In saying

that, bulls now need a close above Myr3.9850 to ease bearish pressure and above

Myr4.0626 to shift focus to Myr4.1014-1423.

DOLLAR-CNH TECHS: Bears Focused On Cnh6.3004-3103

*RES 4: Cnh6.5160 - 21-DMA 

*RES 3: Cnh6.5017 - Alternating support/resistance 

*RES 2: Cnh6.4657 - Low Jan 8 now resistance 

*RES 1: Cnh6.4475 - High Jan 16

*PRICE: Cnh6.4578 @ 2300GMT

*SUP 1: Cnh6.4140 - Low Nov 25 2015, 2018 Low Jan 15

*SUP 2: Cnh6.3785 - Alternating daily support/resistance

*SUP 3: Cnh6.3409 - Low Nov 3 2015

*SUP 4: Cnh6.3141 - Low Oct 30 2015

*COMMENTARY: Fresh 2018 & 2+ year lows Monday left the pair looking heavy with

bears now focused on Cnh6.3004-3103. Daily studies have a little room to move

before O/S is an issue. Layers of resistance are weighing on the pair with bulls

now needing a close above Cnh6.4657 to ease bearish pressure and above Cnh6.5449

to shift initial focus to Cnh6.5695-5926 where 55 & 100-DMAs are situated.

DOLLAR-PHP TECHS: Bulls Still Need Close Above 200-DMA

*RES 4: Php50.810 - High Dec 7 

*RES 3: Php50.665 - 55-DMA 

*RES 2: Php50.663 - Bollinger band top 

*RES 1: Php50.503 - 200-DMA

*PRICE: Php50.490 @ 2300GMT

*SUP 1: Php50.375 - Low Jan 16 

*SUP 2: Php50.203 - 21-DMA 

*SUP 3: Php50.155 - Low Jan 9 

*SUP 4: Php49.930 - High Jan 4 now support

*COMMENTARY: The recovery from 2018 lows is hesitating ahead of the 200-DMA

which is less than ideal for bulls. Bulls continue to look for a close above the

200-DMA to shift focus to Php50.665-51.030 where 55 & 100-DMAs are noted. Bears

now need a close below Php50.375 to ease pressure on the 200-DMA and below

Php50.155 to confirm a break of the 21-DMA and reconfirm focus on 2018 lows.

DOLLAR-THB TECHS: Bulls Need Close Above Thb35.06

*RES 4: Thb32.64 - 55-DMA 

*RES 3: Thb32.40 - 21-DMA 

*RES 2: Thb33.39 - Low Jan 2 now resistance 

*RES 1: Thb32.06 - Low Jan 10 now resistance

*PRICE: Thb31.93 @ 2300GMT

*SUP 1: Thb31.85 - 2018 Low Jan 15 

*SUP 2: Thb31.72 - 2014 Low July 22, Daily Bear channel base 

*SUP 3: Thb31.40 - Low Nov 14 2013 

*SUP 4: Thb31.16 - Low Nov 6 2013

*COMMENTARY: Bearish confidence grows with fresh 3+yr lows reconfirming bearish

focus on Thb31.72 where the bear channel base is located. O/S daily studies

looking to correct remain the key concern for bears. Layers of resistance

accumulating are weighing with bulls needing a close above Thb32.06 to gain

breathing room and above the 21-DMA to return initial focus to Thb32.58-92 where

55 & 100-DMAs and bear channel top are noted.

DOLLAR-IDR TECHS: Bears Now need Close Below Idr13295

*RES 4: Idr13504 - High Jan 3 

*RES 3: Idr13480 - High Jan 4 

*RES 2: Idr13470 - 100-DMA 

*RES 1: Idr13397 - 200-DMA

*PRICE: Idr13337 @ 2300GMT

*SUP 1: Idr13315 - 2018 Low Jan 15 

*SUP 2: Idr13313 - 100-WMA 

*SUP 3: Idr13295 - Low Sept 25 

*SUP 4: Idr13250 - Low Sept 19

*COMMENTARY: Bears take comfort in closes below the 200-DMA and 55-WMA

(Idr13380) with overall focus back on 2017 lows. O/S daily studies and the

Bollinger base (Idr13314) remain key concerns for bears with potential to limit

follow through. Bulls need a close above the 200-DMA to ease renewed bearish

pressure and hint at a correction back to key DMAs Idr13470-520. Bears now need

a close below Idr13295 to add weight to their case.

--MNI Beijing Bureau; tel: +44 207-862-7435; email: kyle.shortland@mni-news.com

[TOPICS: MTABLE]