MNI Dollar-Asia Morning FX Technical Analysis

9 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: Bulls Need Close Above 55-DMA

*RES 4: Sgd1.3443 - 100-DMA 

*RES 3: Sgd1.3415 - Low Dec 1 now resistance 

*RES 2: Sgd1.3369 - High Jan 10 

*RES 1: Sgd1.3331 - 55-DMA

*PRICE: Sgd1.3304 @ 2300GMT

*SUP 1: Sgd1.3252 - Hourly support Feb 8 

*SUP 2: Sgd1.3227 - Hourly support Feb 7 

*SUP 3: Sgd1.3180 - 21-DMA 

*SUP 4: Sgd1.3149 - High Jan 30 now support

*COMMENTARY: Bounces from Sgd1.3149 resulted in immediate focus shifting to the

55-DMA. Bulls look for a close above to add support to the case for a move

targeting Sgd1.3538-82 where the 200-DMA is located. Daily studies approaching

O/B are a key concern for bulls. In saying that, bears now need a close below

Sgd1.3227 to ease bullish pressure and below Sgd1.3149 to confirm a break of the

21-DMA, easing bullish pressure and shifting focus back to tests of 2018 lows.

     DOLLAR-WON TECHS: 21 & 55-DMAs Key Support

*RES 4: Krw1107.5 - High Nov 16

*RES 3: Krw1101.4 - High Nov 20

*RES 2: Krw1098.9 - 100-DMA

*RES 1: Krw1090.4 - Bollinger band top

*PRICE: Krw1087.9 @ 2300GMT

*SUP 1: Krw1085.3 - Low Feb 8

*SUP 2: Krw1079.5 - Low Feb 7

*SUP 3: Krw1073.9 - High Jan 30 now support

*SUP 4: Krw1071.3 - 21-DMA

*COMMENTARY: The pair is now supported around the 55-DMA and capped around the

100-DMA. Bears need a close below the 55-DMA to hint at a correction back to

2018 lows with below the 21-DMA to confirm. Bulls still need a close above

Krw1101.4 to confirm a break of the 100-DMA and shift focus to Krw1107.5-1116.6

where the 200-DMA (Krw1114.8) is located.

     DOLLAR-MYR TECHS: Hesitating Ahead Of 21-DMA

*RES 4: Myr3.9850 - High Jan 12 

*RES 3: Myr3.9689 - High Jan 18 

*RES 2: Myr3.9491 - High Jan 22 

*RES 1: Myr3.9363 - 21-DMA

*PRICE: Myr3.9070 @ 2300GMT

*SUP 1: Myr3.8820 - Low Feb 2 

*SUP 2: Myr3.8670 - 2018 Low Jan 29 

*SUP 3: Myr3.8470 - 2016 Low Apr 13 

*SUP 4: Myr3.8180 - High July 30 2015 now support

*COMMENTARY: Recent 2018 & 2yr lows lacked follow through which is a concern for

bears given daily studies correcting from O/S. Immediate pressure has returned

to the 21-DMA with bulls now needing a close above Myr3.9491 to confirm a break

and hint at a move back to Myr4.0200-0450 where the 55-DMA (Myr4.0235) is

located. While Myr3.9491 caps bears remain focused on retests of 2018 lows.

     DOLLAR-CNH TECHS: Cnh6.3870 Resistance Key Today

*RES 4: Cnh6.3870 - Low Jan 19 now resistance 

*RES 3: Cnh6.3732 - 21-DMA 

*RES 2: Cnh6.3591 - High Jan 25 

*RES 1: Cnh6.3194 - High Feb 6

*PRICE: Cnh6.3676 @ 2300GMT

*SUP 1: Cnh6.3248 - High Feb 7 now support

*SUP 2: Cnh6.2947 - Low Feb 8

*SUP 3: Cnh6.2480 - High Nar 18 2015 now support

*SUP 4: Cnh6.2478 - Bollinger band base

*COMMENTARY: 2018 & 2+ year lows were seen again Wednesday but the lack of

follow through when combined with O/S daily studies looking to correct and

momentum divergence has resulted in an aggressive correction and currently

flirts with the 21-DMA (Cnh6.3674). Bulls need a close above Cnh6.3870 to shift

focus back to Cnh6.4475-5017 where the 55-DMA (Cnh6.4931) is located. Below

Cnh6.3248 eases bullish pressure.

     DOLLAR-PHP TECHS: Bulls Now Need Close Above Php51.420

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

*RES 3: Php51.760 - 2018 High Feb 2 

*RES 2: Php51.420 - Low Feb 5 now resistance 

*RES 1: Php51.350 - High Feb 7

*PRICE: Php51.310 @ 2300GMT

*SUP 1: Php51.050 - Low Feb 7 

*SUP 2: Php50.987 - 21-DMA 

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

*SUP 4: Php50.876 - 100-DMA

*COMMENTARY: Continued hesitation ahead of 2017 highs has taken its toll with a

correction lower that now sees immediate focus on 21 & 100-DMAs. Bears now need

a close below the 100-DMA to confirm focus on Php50.588-720 where 55 & 200-DMAs

are situated. Bulls need a close above Php51.420 to regain the upper hand and

return initial focus to 2017 highs. Correcting O/S daily studies are seen

weighing.

     DOLLAR-THB TECHS: Immediate Focus Shifts To Thb32.06-62

*RES 4: Thb32.46 - Daily Bear channel top 

*RES 3: Thb32.39 - Low Jan 2 now resistance 

*RES 2: Thb32.21 - 55-DMA 

*RES 1: Thb32.06 - Low Jan 10 now resistance

*PRICE: Thb31.89 @ 2300GMT

*SUP 1: Thb31.72 - Alternating support/resistance 

*SUP 2: Thb31.39 - Low Feb 7 

*SUP 3: Thb31.27 - 2018 Low Jan 25 

*SUP 4: Thb31.16 - Low Nov 6 2013

*COMMENTARY: The recovery from recent 2018 & 4+yr lows has finally managed a

close above Thb31.72, easing bearish pressure and shifting focus to layers of

resistance Thb32.06-62 where the 55 & 100-DMAs and bear channel top are

situated. Overall bulls need a close above the 100-DMA (Thb32.62 to target the

200-DMA (Thb33.17). Bears now need a close below Thb31.720 to ease renewed

bullish pressure.

     DOLLAR-IDR TECHS: Above Idr13640 Initially Targets Idr13698

*RES 4: Idr13698 - Monthly High June 2 2016 

*RES 3: Idr13661 - Weekly Bollinger band top 

*RES 2: Idr13640 - 2017 High Oct 27 

*RES 1: Idr13622 - 2018 High Feb 8

*PRICE: Idr13600 @ 2300GMT

*SUP 1: Idr13590 - Low Feb 8 

*SUP 2: Idr13510 - Low Feb 7 

*SUP 3: Idr13476 - 55-DMA 

*SUP 4: Idr13450 - High Feb 2 now support

*COMMENTARY: The recovery from 2018 lows (Idr13265) resulted in fresh 2018 &

4mth highs although follow through remains lacking with daily studies looking to

correct from modestly O/B. Bears now need a close below Idr13510 to ease

immediate bearish pressure and below Idr13450 to confirm a break of 55 &

100-DMAs and shift initial focus to Idr13370-394 where the 21-DMA is noted.

Bulls need a close above Idr13640 to initially target Idr13698.

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

[TOPICS: MTABLE]