MNI Dollar-Asia Morning FX Technical Analysis

26 January 2018

By Kyle Shortland

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

http://tinyurl.com/pzkomnu

DOLLAR-SING TECHS: Bounces From Key Support

*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: Sgd1.3072 - Hourly support Jan 25 

*SUP 2: Sgd1.3000 - Monthly Low Dec 16 2014 

*SUP 3: Sgd1.2955 - Low Nov 27 2014 

*SUP 4: Sgd1.2865 - Low Nov 10 2014

*COMMENTARY: 2018 and 3+yr lows continue although the lack of follow through is

a concern given daily studies correcting from O/S and momentum divergence noted.

Bears now need a close below this level to reconfirm initial focus on 1.2955-00.

Bulls now need a close above Sgd1.3145 to gain breathing room and above

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

DOLLAR-WON TECHS: Immediate Focus On Krw1031.0-1045.6

*RES 4: Krw1076.0 - High Dec 28

*RES 3: Krw1073.3 - High Jan 11

*RES 2: Krw1067.0 - 21-DMA

*RES 1: Krw1062.2 - Low Jan 16 now resistance

*PRICE: Krw1058.6 @ 2300GMT

*SUP 1: Krw1057.9 - Low Jan 16

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

*SUP 3: Krw1035.0 - Daily Bear channel base

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

*COMMENTARY: Bulls failed to take out the Krw1076.0 resistance needed to confirm

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

Krw1082.8-1083.4 where the 55-DMA is located. Fresh 2018 and 3+yr lows reconfirm

the bullish bias with focus currently on Krw1031.0-1045.6 where the daily bear

channel base is noted. Daily studies are well placed for further losses.

DOLLAR-MYR TECHS: Bears Targeting 2016 Low

*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: Myr3.8870 - 2018 Low Jan 25 

*SUP 2: Myr3.8800 - Low Apr 29 2016 

*SUP 3: Myr3.8793 - Bollinger band base 

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

*COMMENTARY: Fresh 2018 & 2yr lows continue with bears taking comfort as the

pair trades below the 200-WMA (3.9441). The break of the bear channel base

lacked a little follow through but bears now focus on 2016 lows. O/S daily

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

Myr3.9215 to ease bearish pressure and above Myr4.0200 to shift focus to

Myr4.0626-1014 where the 55-DMA is noted.

DOLLAR-CNH TECHS: Cnh6.3591-3870 Resistance Region Key

*RES 4: Cnh6.4140 - Low Nov 25 2015, 2018 Low Jan 15 & 17 

*RES 3: Cnh6.3870 - Low Jan 19 now resistance 

*RES 2: Cnh6.3591 - High Jan 25 

*RES 1: Cnh6.3453 - Low Jan 24 now resistance

*PRICE: Cnh6.3266 @ 2300GMT

*SUP 1: Cnh6.2956 - 2018 Low Jan 25

*SUP 2: Cnh6.2607 - Low Feb 24 2015

*SUP 3: Cnh6.2293 - High Mar 13 2015 now support

*SUP 4: Cnh6.2130 - Low Aug 8

*COMMENTARY: Fresh 2018 & 2+ year lows have lacked follow through which is less

than ideal given daily studies at very O/S levels and overdue a correction.

Bears now look for a close below Cnh6.2607 to confirm focus on Cnh6.2130-2293.

The Cnh6.3591 resistance is key today with bulls needing a close above to ease

bearish pressure. A close above Cnh6.3870 is needed to hint at a correction back

to Cnh6.4475-4657 where the 21-DMA is noted.

DOLLAR-PHP TECHS: Looking A Little Heavy

*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: Php50.810 @ 2300GMT

*SUP 1: Php50.720 - Low Jan 25 

*SUP 2: Php50.572 - 55-DMA 

*SUP 3: Php50.525 - 200-DMA 

*SUP 4: Php50.369 - 21-DMA

*COMMENTARY: Time spent above the 100-DMA (Php50.851) was brief with the pair

now looking a little heavy and hinting at a correction back to Php50.369-572

where key DMAs are noted. Correcting O/B daily studies add weight to the case

for a correction. Bulls now need a close above Php50.910 to gain breathing room

and above Php51.230 to confirm focus on tests of 2017 highs.

DOLLAR-THB TECHS: Overall Focus Now On Thb30.80

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

*RES 3: Thb32.08 - 21-DMA 

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

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

*PRICE: Thb31.45 @ 2300GMT

*SUP 1: Thb31.45 - Bollinger band base 

*SUP 2: Thb31.28 - 2018 Low Jan 25 

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

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

*COMMENTARY: Fresh 2018 & 4+yr lows continue although the lack of follow through

courtesy of the Bollinger band base is a concern as are O/S daily studies

overdue a correction. 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. Bears remain focused on Thb30.80 while Thb31.72 caps.

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

*RES 4: Idr13480 - High Jan 4 

*RES 3: Idr13469 - 100-DMA 

*RES 2: Idr13398 - 200-DMA 

*RES 1: Idr13370 - High Jan 18

*PRICE: Idr13287 @ 2300GMT

*SUP 1: Idr13265 - 2018 Low Jan 25 

*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

(Idr13378) 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 Idr13469-505. Bears need a close below Idr13220 to

add weight to their case.

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

[TOPICS: MTABLE]