MNI Dollar-Asia Morning FX Technical Analysis

19 January 2018

By Kyle Shortland

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

http://tinyurl.com/pzkomnu

DOLLAR-SING TECHS: Capped Ahead Of 21-DMA

*RES 4: Sgd1.3369 - High Jan 10 

*RES 3: Sgd1.3323 - 21-DMA 

*RES 2: Sgd1.3302 - High Jan 12 

*RES 1: Sgd1.3273 - High Jan 18

*PRICE: Sgd1.3214 @ 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: Recent 2018 and 2+yr lows lacked follow through this week but bears

take comfort in attempts to rally remaining capped ahead of the 21-DMA. Bulls

now look for a close above the 21-DMA to ease bearish pressure and above

Sgd1.3369 to shift focus to layers of resistance Sgd1.3415-1.3538 where 55 &

100-DMAs are found. While the 21-DMA caps bears remain focused on tests of 2015

lows and then Sgd1.2955-00.

DOLLAR-WON TECHS: Bulls Need Close Above Krw1076.0

*RES 4: Krw1087.7 - 55-DMA

*RES 3: Krw1082.8 - High Dec 21

*RES 2: Krw1076.0 - High Dec 28

*RES 1: Krw1072.5 - Daily Bear channel top

*PRICE: Krw1070.7 @ 2300GMT

*SUP 1: Krw1066.2 - High Jan 16 now support

*SUP 2: Krw1058.8 - 2018 Low Jan 8

*SUP 3: Krw1045.6 - Monthly Low Oct 29 2014

*SUP 4: Krw1038.9 - Daily Bear channel base

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

flirting with the 21-DMA (Krw1070.3). Bulls now need a close above Krw1076.0 to

confirm a break of the 21-DMA and bear channel top, shifting immediate focus to

Krw1082.8-1087.7 where the 55-DMA is located. Support layers are starting to

build. Bears now need a close below Krw1066.2 to retain focus on

Krw1038.9-1045.6 where the channel base is found.

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: Myr3.9450 @ 2300GMT

*SUP 1: Myr3.9450 - 2018 Low Jan 17 & 18 

*SUP 2: Myr3.9411 - 200-WMA 

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

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

*COMMENTARY: Pressure remains on recent 2018 & 3+yr lows with bears currently

focused on a close below the 200-WMA to pressure the bear channel base. A weekly

close below the 200-WMA was last seen in June 2013. Bulls 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: Cnh6.5449 - High Jan 10 

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

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

*RES 1: Cnh6.4475 - High Jan 16

*PRICE: Cnh6.4225 @ 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 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: Above Php51.030 Targets 2017 High

*RES 4: Php51.470 - High Nov 8 

*RES 3: Php51.230 - High Nov 15 

*RES 2: Php51.030 - High Nov 20 

*RES 1: Php50.869 - 100-DMA

*PRICE: Php50.800 @ 2300GMT

*SUP 1: Php50.632 - 55-DMA 

*SUP 2: Php50.509 - 200-DMA 

*SUP 3: Php50.375 - Low Jan 16 

*SUP 4: Php50.231 - 21-DMA

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

focus on Php50.869-51.030 where the 100-DMA is situated. Daily studies at O/B

levels remains a concern for bulls. In saying that, bears 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: Thb32.59 - 55-DMA 

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

*RES 2: Thb32.33 - 21-DMA 

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

*PRICE: Thb31.90 @ 2300GMT

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

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

*SUP 3: Thb31.69 - 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

Thb31.69-72 where 2014 lows and bear channel base are located.

DOLLAR-IDR TECHS: 200-DMA Resistance Remains Key

*RES 4: Idr13504 - High Jan 3 

*RES 3: Idr13480 - High Jan 4 

*RES 2: Idr13470 - 100-DMA 

*RES 1: Idr13397 - 200-DMA

*PRICE: Idr13345 @ 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 consolidation below the 200-DMA and 55-WMA

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

base (Idr13287) 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 Idr13470-508. Bears still 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]