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GILT TECHS

(M1) 129.27 Resistance Holding

SCHATZ TECHS

(M1) Consolidating

BOBL TECHS

(M1) Bearish Focus

BUND TECHS

(M1) Bearish Engulfing Still In Play

CHINA RATES

China Repo Rates Rise on Monday

1 February 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: Sgd1.3209 - 21-DMA 
*RES 2: Sgd1.3168 - Low Jan 19 now resistance 
*RES 1: Sgd1.3149 - High Jan 30
*PRICE: Sgd1.3112 @ 2300GMT
*SUP 1: Sgd1.3066 - Low Jan 31 
*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 correcting O/S studies and momentum divergence. Bulls
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 Sgd1.3273-1.3369 where
the 55-DMA is noted. Bears now need a close below Sgd1.3066 to retain initial
focus on Sgd1.2955.
     DOLLAR-WON TECHS: Krw1076.0-1082.8 Resistance Region Key
*RES 4: Krw1096.2 - High Dec 7
*RES 3: Krw1082.8 - High Dec 21
*RES 2: Krw1079.8 - 55-DMA
*RES 1: Krw1076.0 - High Dec 28
*PRICE: Krw1067.9 @ 2300GMT
*SUP 1: Krw1066.8 - 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 closes above the
bear channel top (Krw1068.7) with the pair pressuring the Bollinger band top
(Krw1066.7). 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 (Krw1101.7) is noted. Bears 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: Myr3.8995 @ 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 lacked follow through which is a concern for
bears given daily studies correcting from O/S. 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: Bulls Need Close Above Cnh6.3591
*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: Cnh6.3106 - Low Jan 26 now resistance
*PRICE: Cnh6.2975 @ 2300GMT
*SUP 1: Cnh6.2830 - 2018 Low Jan 31
*SUP 2: Cnh6.2806 - Bollinger band base
*SUP 3: Cnh6.2607 - Low Feb 24 2015
*SUP 4: Cnh6.2293 - High Mar 13 2015 now support
*COMMENTARY: Fresh 2018 & 2+ year lows continue with O/S studies and Bollinger
base key concerns for bears. Bears continue to 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 the 21-DMA
(Cnh6.4217) is needed to hint at a correction back to Cnh6.5017-5449 where the
55-DMA is noted.
     DOLLAR-PHP TECHS: Php51.200 Support Key
*RES 4: Php51.850 - 2017 High Oct 27 
*RES 3: Php51.811 - Weekly Bollinger band top 
*RES 2: Php51.610 - Low Oct 30 now resistance 
*RES 1: Php51.500 - 2018 High Jan 30
*PRICE: Php51.295 @ 2300GMT
*SUP 1: Php51.250 - Low Jan 31 
*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 grew with the gapping move higher Tuesday. O/B
daily studies and the Bollinger band top (Php51.514) remain concerns for bulls.
In saying that, bears still need a close below Php51.200 to ease bullish
pressure and below Php50.720 to shift focus back to key DMAs Php50.546-600 where
21, 55 & 200-DMAs are clustered. Bulls currently focus on 2017 highs which
Php51.200 supports.
     DOLLAR-THB TECHS: Overall Focus On Thb30.80 While Thb31.72 Caps
*RES 4: Thb33.34 - 55-DMA 
*RES 3: Thb32.06 - Low Jan 10 now resistance 
*RES 2: Thb31.85 - 21-DMA 
*RES 1: Thb31.72 - 2014 Low July 22 now resistance
*PRICE: Thb31.31 @ 2300GMT
*SUP 1: Thb31.27 - 2018 Low Jan 25 
*SUP 2: Thb31.22 - Bollinger band base 
*SUP 3: Thb31.16 - Low Nov 6 2013 
*SUP 4: Thb30.80 - Monthly Low July 24 2013
*COMMENTARY: Recent 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
Thb32.34-58 where the 55-DMA is noted. Bears remain focused on Thb30.80 while
Thb31.72 caps.
     DOLLAR-IDR TECHS: Idr13370 Support Remains Key
*RES 4: Idr13504 - High Jan 3 
*RES 3: Idr13480 - High Jan 4 
*RES 2: Idr13478 - 55-DMA 
*RES 1: Idr13440 - High Jan 30
*PRICE: Idr13430 @ 2300GMT
*SUP 1: Idr13371 - 21-DMA 
*SUP 2: Idr13370 - High Jan 18 now support 
*SUP 3: Idr13265 - 2018 Low Jan 25 
*SUP 4: Idr13220 - Low Sept 14
*COMMENTARY: Time spent above the 200-DMA (Idr13400) has been brief with the
pullback Wednesday leaving the pair a little offered and pressuring key support.
Bears need a close below Idr13370 to ease renewed bullish pressure and return
focus to 2018 lows. While Idr13370 supports bulls focus on Idr13478-504 with a
close above to hint at a move back to Idr13565-640 where 2017 highs are noted.
--MNI Beijing Bureau; tel: +44 207-862-7435; email: kyle.shortland@mni-news.com
[TOPICS: MTABLE]