MNI Dollar-Asia Morning FX Technical Analysis

31 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: Above Sgd1.3223 to Shift Focus Higher

*RES 4: Sgd1.3223 - High Jan 22 

*RES 3: Sgd1.3217 - 21-DMA 

*RES 2: Sgd1.3168 - Low Jan 19 now resistance 

*RES 1: Sgd1.3149 - High Jan 30

*PRICE: Sgd1.3118 @ 2300GMT

*SUP 1: Sgd1.3080 - Low Jan 30 

*SUP 2: Sgd1.3039 - Low Jan 26 

*SUP 3: Sgd1.3000 - Monthly Low Dec 16 2014 

*SUP 4: Sgd1.2955 - Low Nov 27 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. Bulls now need a close above Sgd1.3168 to ease bearish

pressure and above Sgd1.3223 to confirm a break of the 21-DMA and shift initial

focus to Sgd1.3273-1.3374 where the 55-DMA is noted. Bears now need a close

below Sgd1.3080 to retain focus on Sgd1.2955.

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

*RES 4: Krw1096.2 - High Dec 7

*RES 3: Krw1082.8 - High Dec 21

*RES 2: Krw1080.8 - 55-DMA

*RES 1: Krw1076.0 - High Dec 28

*PRICE: Krw1073.6 @ 2300GMT

*SUP 1: Krw1066.5 - 21-DMA

*SUP 2: Krw1057.9 - 2018 Low Jan 25

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

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

*COMMENTARY: The recovery from recent 2018 lows has resulted in a close above

the bear channel top (Krw1068.7) with the pair pressuring the Bollinger band top

(Krw1074.6). Bulls now look for a close above Krw1076.0 to confirm an easing of

bearish pressure and above Krw1082.8 to shift focus to Krw1096.2-1110.5 where

the 100-DMA (Krw1102.2) is noted. Bears now need a close below the 21-DMA to

ease pressure on resistance layers and reconfirm focus on Krw1031.0-1045.6.

     DOLLAR-MYR TECHS: Bulls Need Close Above Myr3.9215

*RES 4: Myr3.9689 - High Jan 18 

*RES 3: Myr3.9574 - 21-DMA 

*RES 2: Myr3.9491 - High Jan 22 

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

*PRICE: Myr3.8850 @ 2300GMT

*SUP 1: Myr3.8670 - 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 although the lack of follow through

is a concern for bears given daily studies correcting from O/S. In saying that,

bulls continue to look for a close above Myr3.9215 to ease bearish pressure and

above Myr3.9689 to confirm a break of the 21-DMA and hint at a move to

Myr4.0450-0626 where the 55-DMA is noted with above Myr4.0200 to confirm. Bears

remain focused on 2016 lows while Myr3.9215 caps.

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

*RES 4: Cnh6.4313 - 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: Cnh6.3303 @ 2300GMT

*SUP 1: Cnh6.3106 - Low Jan 26

*SUP 2: Cnh6.2956 - 2018 Low Jan 25

*SUP 3: Cnh6.2607 - Low Feb 24 2015

*SUP 4: Cnh6.2293 - High Mar 13 2015 now support

*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 Cnh6.4313-4657 where the 21-DMA is noted.

     DOLLAR-PHP TECHS: Php51.200 Support Now Becomes Key

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

*RES 3: Php51.830 - Weekly Bollinger band top 

*RES 2: Php51.610 - Low Oct 30 now resistance 

*RES 1: Php51.500 - 2018 High Jan 30

*PRICE: Php51.420 @ 2300GMT

*SUP 1: Php51.300 - Low Jan 30 

*SUP 2: Php51.200 - High Jan 29 now support 

*SUP 3: Php50.950 - High Jan 26 now support 

*SUP 4: Php50.720 - Low Jan 25

*COMMENTARY: Bullish confidence grows with continued 2018 & 3mth highs adding

support to the case for a test of 2017 highs. O/B daily studies and the

Bollinger band top (Php51.436) remain concerns for bulls. In saying that, bears

now need a close below Php51.200 to ease bullish pressure and below Php50.720 to

shift focus back to key DMAs Php50.535-563 where 21, 55 & 200-DMAs are

clustered. Daily studies correcting from O/B remain the key concern for bulls.

     DOLLAR-THB TECHS: Overall Focus On Thb30.80 While Thb31.72 Caps

*RES 4: Thb33.37 - 55-DMA 

*RES 3: Thb32.06 - Low Jan 10 now resistance 

*RES 2: Thb31.91 - 21-DMA 

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

*PRICE: Thb31.41 @ 2300GMT

*SUP 1: Thb31.28 - 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 still 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

Thb32.37-58 where the 55-DMA is noted. Bears remain focused on Thb30.80 while

Thb31.72 caps.

     DOLLAR-IDR TECHS: Bulls Back In Control

*RES 4: Idr13565 - High Dec 21 

*RES 3: Idr13504 - High Jan 3 

*RES 2: Idr13480 - High Jan 4, 55-DMA 

*RES 1: Idr13473 - 100-DMA

*PRICE: Idr13430 @ 2300GMT

*SUP 1: Idr13399 - 200-DMA 

*SUP 2: Idr13377 - 21-DMA 

*SUP 3: Idr13370 - High Jan 18 now support 

*SUP 4: Idr13265 - 2018 Low Jan 25

*COMMENTARY: The close above the 200-DMA provides bulls comfort, easing bearish

pressure and shifting focus to Idr13475-504 where 55 & 100-DMAs are situated. A

close above Idr13504 is needed to shift focus back to tests of 2017 highs

(Idr13640). The 21-DMA and 200-DMA are now supports but bears look for a close

below Idr13370 to ease renewed bullish pressure and return focus to 2018 lows.

daily studies are well placed for gains.

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

[TOPICS: MTABLE]