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MNI Dollar-Asia Morning FX Technical Analysis 

30 January 2018
By Kyle Shortland
Please click on this link to access MNI's daily Dollar-Asia FX Technical
Analysis Pdf http://tinyurl.com/pzkomnu
DOLLAR-SING TECHS: Sgd1.3126-45 Resistance Remains Key
*RES 4: Sgd1.3273 - High Jan 18 
*RES 3: Sgd1.3229 - 21-DMA 
*RES 2: Sgd1.3145 - 2015 Low Apr 29 now resistance 
*RES 1: Sgd1.3126 - High Jan 25 & 29
*PRICE: Sgd1.3099 @ 2300GMT
*SUP 1: Sgd1.3039 - Low Jan 26 
*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 continued last week although the lack of follow
through is a concern given daily studies correcting from O/S and momentum
divergence noted. In saying that, the Sgd1.3126-45 resistance remains key. Bulls
need a close above Sgd1.3145 to ease bearish pressure and above the 21-DMA to
shift initial focus to Sgd1.3273-1.3369. While Sgd1.3145 caps immediate focus
remains on Sgd1.2955.
DOLLAR-WON TECHS: Immediate Focus On Krw1031.0-1045.6
*RES 4: Krw1081.6 - 55-DMA
*RES 3: Krw1076.0 - High Dec 28
*RES 2: Krw1073.3 - High Jan 11
*RES 1: Krw1068.7 - Daily Bear channel top
*PRICE: Krw1065.6 @ 2300GMT
*SUP 1: Krw1057.9 - Low Jan 25
*SUP 2: Krw1045.6 - Monthly Low Oct 29 2014
*SUP 3: Krw1033.0 - Daily Bear channel base
*SUP 4: Krw1031.0 - Low Sept 17 2014
*COMMENTARY: Layers of resistance Krw1068.7-1076.0 remain key with bulls needing
a close above Krw1076.0 to confirm breaks of the 21-DMA (Krw1066.3) and bear
channel top, shifting immediate focus to Krw1081.6-1082.8 where the 55-DMA is
situated. Overall above Krw1082.8 is needed to shift focus to Krw1096.2-1102.8
where the 100-DMA is located. While Krw1076.0 caps bears focus on
Krw1031.0-1045.6 where the daily bear channel base is noted.
DOLLAR-MYR TECHS: Bears Targeting 2016 Low
*RES 4: Myr3.9643 - 21-DMA 
*RES 3: Myr3.9491 - High Jan 22 
*RES 2: Myr3.9215 - Low Jan 22 now resistance 
*RES 1: Myr3.9050 - High Jan 25
*PRICE: Myr3.8850 @ 2300GMT
*SUP 1: Myr3.8675 - 2018 Low Jan 29 
*SUP 2: Myr3.8470 - 2016 Low Apr 13 
*SUP 3: Myr3.8180 - High July 30 2015 now support 
*SUP 4: Myr3.7795 - Low July 10
*COMMENTARY: Fresh 2018 & 2yr lows continue with bears taking comfort as the
pair trades below the 200-WMA (3.9471). The break of the bear channel base
lacked a little follow through but bears currently focus on 2016 lows. O/S daily
studies remain the key concern for bears. Bulls look for a close above Myr3.9215
to ease bearish pressure and above Myr4.0200 to shift focus to Myr4.0450-0626
where the 55-DMA is noted.
DOLLAR-CNH TECHS: Cnh6.3591-3870 Resistance Region Key
*RES 4: Cnh6.4399 - 21-DMA 
*RES 3: Cnh6.4140 - Low Nov 25 2015, 2018 Low Jan 15 & 17 
*RES 2: Cnh6.3870 - Low Jan 19 now resistance 
*RES 1: Cnh6.3591 - High Jan 25
*PRICE: Cnh6.3357 @ 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 look for a close below Cnh6.2607 to confirm focus on Cnh6.2130-2293. The
Cnh6.3591 resistance remains key with bulls needing a close above to ease
bearish pressure. A close above Cnh6.3870 is needed to hint at a correction back
to Cnh6.4399-4657 where the 21-DMA is noted.
DOLLAR-PHP TECHS: Pressure Returns To Key Resistance
*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: Php51.185 @ 2300GMT
*SUP 1: Php50.950 - High Jan 26 now support 
*SUP 2: Php50.720 - Low Jan 25 
*SUP 3: Php50.561 - 55-DMA 
*SUP 4: Php50.533 - 200-DMA
*COMMENTARY: Bulls take comfort in gains and fresh 2018 highs to start the week.
Bull still need a close above Php51.230 to confirm focus on tests of 2017 highs
at Php51.850. Initial support is now noted at Php50.950 with bears needing a
close below to ease pressure on Php51.230. Bears then need a close below
Php50.720 to confirm focus on key DMAs Php50.464-561. Daily studies correcting
from O/B remain the key concern for bulls.
DOLLAR-THB TECHS: Overall Focus Now On Thb30.80
*RES 4: Thb33.39 - Low Jan 2 now resistance 
*RES 3: Thb32.06 - Low Jan 10 now resistance 
*RES 2: Thb31.96 - 21-DMA 
*RES 1: Thb31.72 - 2014 Low July 22 now resistance
*PRICE: Thb31.43 @ 2300GMT
*SUP 1: Thb31.32 - Bollinger band base 
*SUP 2: Thb31.27 - 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 have lacked follow through courtesy of the
Bollinger band base which 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 Thb32.06 to confirm a break of the 21-DMA & 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: Idr13473 - 100-DMA 
*RES 2: Idr13398 - 200-DMA 
*RES 1: Idr13370 - High Jan 18
*PRICE: Idr13362 @ 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
(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 still
need a close above the 200-DMA to ease renewed bearish pressure and hint at a
correction back to key DMAs Idr13473-505. 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]
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