MNI Dollar-Asia Morning FX Technical Analysis

25 January 2018

By Kyle Shortland

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

http://tinyurl.com/pzkomnu

DOLLAR-SING TECHS: Initial Focus Shifts To Sgd1.2955-00

*RES 4: Sgd1.3302 - High Jan 12 

*RES 3: Sgd1.3273 - High Jan 18 

*RES 2: Sgd1.3223 - High Jan 22 

*RES 1: Sgd1.3145 - 2015 Low Apr 29 now resistance

*PRICE: Sgd1.3078 @ 2300GMT

*SUP 1: Sgd1.3000 - Monthly Low Dec 16 2014 

*SUP 2: Sgd1.2955 - Low Nov 27 2014 

*SUP 3: Sgd1.2865 - Low Nov 10 2014 

*SUP 4: Sgd1.2825 - High Oct 3 2014 now support

*COMMENTARY: 2018 and 3+yr lows continue with the pair remaining heavy and

immediate focus shifting to Sgd1.2955-1.3000 last seen in Nov/Dec 2014. O/S

studies and the Bollinger base (Sgd1.3112) remain concern for bears but have

having no impact. Bulls now need a close above Sgd1.145 to gain breathing room

and above Sgd1.3223 to shift initial focus to Sgd1.3273-1.3369.

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

*RES 4: Krw1084.4 - 55-DMA

*RES 3: Krw1082.8 - High Dec 21

*RES 2: Krw1076.0 - High Dec 28

*RES 1: Krw1073.3 - High Jan 11

*PRICE: Krw1070.2 @ 2300GMT

*SUP 1: Krw1062.2 - Low Jan 16

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

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

*SUP 4: Krw1034.7 - Daily Bear channel base

*COMMENTARY: Failure to trouble 2018 lows sees the pair flirting with the 21-DMA

(Krw1067.9) and bear channel top. Bulls need a close above Krw1076.0 to confirm

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

Krw1082.8-1084.4 where the 55-DMA is located. Support layers are starting to

build but bears still need a close below Krw1058.8 to reconfirm focus on

Krw1034.7-1045.6 where the channel base is found.

DOLLAR-MYR TECHS: Immediate Focus On Bear Channel Base

*RES 4: Myr3.9931 - 21-DMA 

*RES 3: Myr3.9850 - High Jan 12 

*RES 2: Myr3.9450 - Low Jan 17 & 18 now resistance 

*RES 1: Myr3.9215 - Low Jan 22 now resistance

*PRICE: Myr3.9110 @ 2300GMT

*SUP 1: Myr3.8996 - Daily Bear channel base 

*SUP 2: Myr3.8898 - Bollinger band base 

*SUP 3: Myr3.8800 - Low Apr 29 2016 

*SUP 4: Myr3.8470 - 2016 Low Apr 13

*COMMENTARY: Bearish continues to result in 2018 & 2yr lows with bears taking

comfort as the pair trades below the 200-WMA (3.9442). Immediate bearish focus

remains on tests of the bear channel base and overall focus on 2016 lows. O/S

daily studies remain the key concern for bears. Bulls now look for a close above

Myr3.9491 to ease bearish pressure and above Myr4.0200 to shift focus to

Myr4.0742-1014 where the 55-DMA is noted.

DOLLAR-CNH TECHS: Focus Firmly On Cnh6.3014-3141

*RES 4: Cnh6.4657 - Low Jan 8 now resistance 

*RES 3: Cnh6.4475 - High Jan 16 

*RES 2: Cnh6.4140 - Low Nov 25 2015, 2018 Low Jan 15 & 17 

*RES 1: Cnh6.3870 - Low Jan 19 now resistance

*PRICE: Cnh6.3510 @ 2300GMT

*SUP 1: Cnh6.3409 - Low Nov 3 2015

*SUP 2: Cnh6.3141 - Low Oct 30 2015

*SUP 3: Cnh6.3014 - 2015 High Feb 3 now support

*SUP 4: Cnh6.2607 - Low Feb 24 2015

*COMMENTARY: Fresh 2018 & 2+ year lows continue with the pair remaining heavy

and bears focused on Cnh6.3004-3103. Daily studies at O/S levels is now an issue

for bears. Layers of resistance are weighing on the pair with bulls now needing

a close above Cnh6.4140 to gain breathing room and above the 21-DMA (Cnh6.4689)

to hint at a move back to Cnh6.5449-5926 where 55 & 100-DMAs are situated.

DOLLAR-PHP TECHS: Php50.740-900 Support Key Today

*RES 4: Php51.850 - 2017 High Oct 27 

*RES 3: Php51.610 - Low Oct 30 now resistance 

*RES 2: Php51.470 - High Nov 8 

*RES 1: Php51.230 - High Nov 15

*PRICE: Php50.960 @ 2300GMT

*SUP 1: Php50.900 - High Jan 22 now support 

*SUP 2: Php50.740 - Low Jan 22 

*SUP 3: Php50.579 - 55-DMA 

*SUP 4: Php50.522 - 200-DMA

*COMMENTARY: Hesitation around the 100-DMA (Php50.852) came to an end Wed with

an aggressive rally and bullish close that shifted focus to 2017 highs. O/B

daily studies and the Bollinger top (Php51.110) remain concerns for bulls and

now limit follow through. Initial support is noted at Php50.900 with bears

needing a close below to gain breathing room and below Php50.740 to initially

pressure 55 & 200-DMAs.

DOLLAR-THB TECHS: Overall Focus No On Thb30.80

*RES 4: Thb33.39 - Low Jan 2 now resistance 

*RES 3: Thb32.20 - 21-DMA 

*RES 2: Thb32.06 - Low Jan 10 now resistance 

*RES 1: Thb31.72 - 2014 Low July 22 now resistance

*PRICE: Thb31.80 @ 2300GMT

*SUP 1: Thb31.41 - Bear channel base off Dec 28 high 

*SUP 2: Thb31.40 - Low Nov 14 2013 

*SUP 3: Thb31.16 - Low Nov 6 2013 

*SUP 4: Thb30.80 - Monthly Low July 24 2013

*COMMENTARY: Fresh 2018 & 4+yr lows continue with the likely close below the LT

bear channel base adding weight to the case for a move that now targets Thb30.80

July 2013 monthly lows. O/S daily studies and the Bollinger base (Thb31.51)

remain key concerns for bears but at present are having no impact. Bulls now

need a close above Thb31.72 to gain breathing room and above the 21-DMA to shit

initial focus back to Thb32.39-58 where the 55-DMA is noted.

DOLLAR-IDR TECHS: 200-DMA Resistance Remains Key, Focus On 2017 Low

*RES 4: Idr13480 - High Jan 4 

*RES 3: Idr13470 - 100-DMA 

*RES 2: Idr13398 - 200-DMA 

*RES 1: Idr13370 - High Jan 18

*PRICE: Idr13311 @ 2300GMT

*SUP 1: Idr13285 - 2018 Low Jan 19 

*SUP 2: Idr13250 - Low Sept 19 

*SUP 3: Idr13220 - Low Sept 14 

*SUP 4: Idr13175 - Low Sept 12

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

(Idr13379) with overall focus on 2017 lows. O/S daily studies correcting remain

the key concern 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 Idr13470-505. Bears need a close below Idr13285 to

add weight to their case.

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

[TOPICS: MTABLE]