MNI Dollar-Asia Morning FX Technical Analysis

18 January 2018

By Kyle Shortland

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

http://tinyurl.com/pzkomnu

DOLLAR-SING TECHS: Bulls Need Close Above Sgd1.3253

*RES 4: Sgd1.3369 - High Jan 10 

*RES 3: Sgd1.3333 - 21-DMA 

*RES 2: Sgd1.3302 - High Jan 12 

*RES 1: Sgd1.3253 - High Jan 15

*PRICE: Sgd1.3228 @ 2300GMT

*SUP 1: Sgd1.3179 - 2018 Low Jan 17 

*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 lack of follow through on fresh 2018 and 2+yr lows is a concern

when combined with momentum divergence and O/S studies looking to correct

higher. Bulls now need a close above Sgd1.3253 to gain breathing room and above

Sgd1.3369 to confirm a break of the 21-DMA and shift focus to Sgd1.3451-96 where

55 & 100-DMAs are noted. While Sgd1.3253 caps immediate focus remains on 2015

lows.

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

*RES 4: Krw1088.6 - 55-DMA

*RES 3: Krw1082.8 - High Dec 21

*RES 2: Krw1076.0 - High Dec 28

*RES 1: Krw1071.2 - 21-DMA

*PRICE: Krw1062.7 @ 2300GMT

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

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

*SUP 3: Krw1040.0 - Daily Bear channel base

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

*COMMENTARY: Failure to trouble 2018 lows sees the pair looking gently bid and

immediate focus on Krw1071.2-1076.0 where the 21-DMA and bear channel to are

situated. Bulls now look for a close above Krw1076.0 to ease bearish pressure

and above Krw1082.8 to shift immediate focus to the 55-DMA (Krw1088.6). While

Krw1076.0 caps bears remain focused on the Krw1040.0-1045.6 support region is

situated.

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: Myr3.9510 @ 2300GMT

*SUP 1: Myr3.9450 - 2018 Low Jan 17 

*SUP 2: Myr3.9411 - 200-WMA 

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

*SUP 4: Myr3.9199 - Daily Bear channel base

*COMMENTARY: Fresh 2018 & 3+yr lows lacked a little follow through Wednesday

which his less than ideal given daily momentum divergence and daily studies

looking to correct from O/S. In saying that, bulls need a close above Myr3.9850

to ease bearish pressure and above Myr4.0626 to shift focus to Myr4.1014-1423.

While Myr3.9850 caps bears remain focused on a close below the 200-WMA needed to

add weight to their case.

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

*RES 4: Cnh6.5076 - 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: Cnh6.4362 @ 2300GMT

*SUP 1: Cnh6.4140 - Low Nov 25 2015, 2018 Low Jan 15 & 17

*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: Focus Shifts to Php50.810-51.030

*RES 4: Php51.230 - High Nov 15 

*RES 3: Php51.030 - High Nov 20 

*RES 2: Php50.875 - 100-DMA 

*RES 1: Php50.810 - High Dec 7

*PRICE: Php50.705 @ 2300GMT

*SUP 1: Php50.650 - 55-DMA 

*SUP 2: Php50.506 - 200-DMA 

*SUP 3: Php50.375 - Low Jan 16 

*SUP 4: Php50.215 - 21-DMA

*COMMENTARY: Bulls take comfort in closes above 55 & 200-DMAs that see immediate

focus on Php50.810-51.030 where the 100-DMA is situated. Daily studies at O/B

levels is a concern for bulls. In saying that, bears now need a close below the

200-DMA to ease bullish pressure and below Php50.155 to end bearish hopes and

shift immediate focus back to 2018 lows (Php49.700). Above Php51.030 is needed

to target 2017 highs (Php51.850).

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

*RES 4: Thb32.61 - 55-DMA 

*RES 3: Thb33.39 - Low Jan 2 now resistance 

*RES 2: Thb32.37 - 21-DMA 

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

*PRICE: Thb31.95 @ 2300GMT

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

*SUP 2: Thb31.72 - 2014 Low July 22 

*SUP 3: Thb31.70 - Daily Bear channel base 

*SUP 4: Thb31.40 - Low Nov 14 2013

*COMMENTARY: Hesitation ahead of recent 2018 & 3+yr lows is less than ideal when

combined with waning momentum and daily studies looking to correct from O/S.

Bulls still need a close above Thb32.06 to gain breathing room and above

Thb32.99 to return initial focus to Thb32.58-92 where 55 & 100-DMAs and bear

channel top are noted. While Thb32.06 caps immediate bearish focus remains on

Thb31.70-72 where 2014 lows and bear channel base are located.

DOLLAR-IDR TECHS: 200-DMA Resistance Key Today

*RES 4: Idr13504 - High Jan 3 

*RES 3: Idr13480 - High Jan 4 

*RES 2: Idr13470 - 100-DMA 

*RES 1: Idr13397 - 200-DMA

*PRICE: Idr13355 @ 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 (Idr13301) 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]