MNI Dollar-Asia Morning FX Technical Analysis

12 February 2018

By Kyle Shortland

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

http://tinyurl.com/phluope

DOLLAR-SING TECHS: Sgd1.3227 Support Key This Week

*RES 4: Sgd1.3440 - 100-DMA 

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

*RES 2: Sgd1.3369 - High Jan 10 

*RES 1: Sgd1.3339 - High Feb 9

*PRICE: Sgd1.3290 @ 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 saw the pair flirting with the 55-DMA

(Sgd1.33252) but follow through above has been lacking. Daily studies correcting

from O/B remain a key concern for bears. Bulls now need a close above Sgd1.3339

to confirm a break of the 55-DMA and initially target the 100-DMA. Layers of

support remain with bears now needing a close below Sgd1.3227 to ease bullish

pressure.

     DOLLAR-WON TECHS: 100-DMA Capping

*RES 4: Krw1107.5 - High Nov 16

*RES 3: Krw1101.4 - High Nov 20

*RES 2: Krw1098.5 - 100-DMA

*RES 1: Krw1093.3 - Bollinger band top

*PRICE: Krw1092.1 @ 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: Krw1073.1- 21-DMA

*COMMENTARY: The pair remains 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 (Krw1114.6) is located.

     DOLLAR-MYR TECHS: 21-DMA Now Supporting

*RES 4: Myr3.9850 - High Jan 12 

*RES 3: Myr3.9689 - High Jan 18 

*RES 2: Myr3.9647 - Daily Bear channel top 

*RES 1: Myr3.9491 - High Jan 22

*PRICE: Myr3.9420 @ 2300GMT

*SUP 1: Myr3.9297 - 21-DMA 

*SUP 2: Myr3.8820 - Low Feb 2 

*SUP 3: Myr3.8670 - 2018 Low Jan 29 

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

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

bears given daily studies correcting from O/S. Bulls take comfort in the 21-DMA

now supporting with a close below needed to gain breathing room and shift focus

back to Myr3.8670-8820. Bulls now look for a close above Myr3.9491 to to hint at

a move back to Myr4.0195-0450 where the 55-DMA (Myr4.0195) is located.

     DOLLAR-CNH TECHS: Cnh6.3870 Resistance Remains Key

*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: Cnh6.3130 @ 2300GMT

*SUP 1: Cnh6.2947 - Low Feb 8

*SUP 2: Cnh6.2519 - Bollinger band base

*SUP 3: Cnh6.2548 - 2018 Low Feb 7

*SUP 4: Cnh6.2480 - High Mar 18 2015 now support

*COMMENTARY: The recovery from recent 2018 & 2+ year lows has stalled ahead of

the Cnh6.3870 resistance after having failed to gain traction above the 21-DMA

(Cnh6.3518). Bears remain focused on the break of Cnh6.2548 to target Cnh6.1850

2015 lows. Daily studies are no longer O/S and remain well placed for a fresh

leg lower. Bulls need a close above Cnh6.3870 to shift focus back to

Cnh6.4475-5017 where the 55-DMA (Cnh6.4828) is located.

     DOLLAR-PHP TECHS: Php51.420 Support Remains Pivotal

*RES 4: Php52.085 - Monthly Low July 10 2006 now resistance 

*RES 3: Php51.850 - 2017 High Oct 27 

*RES 2: Php51.790 - 2018 High Feb 9 

*RES 1: Php51.788 - Bollinger band top

*PRICE: Php51.480 @ 2300GMT

*SUP 1: Php51.420 - Alternating daily support/resistance 

*SUP 2: Php51.050 - Low Feb 7 

*SUP 3: Php51.040 - 21-DMA 

*SUP 4: Php50.950 - High Jan 26 now support

*COMMENTARY: The pair found support on dips back towards the 21-DMA last week

with the recovery resulting in fresh 2018 highs although the lack of follow

through remains a concern. Initial support is now noted at Php51.420 with bears

needing a close below to ease bullish pressure and shift focus back to

Php50.881-51.050 where 21 & 100-DMAs are situated. Bulls now need a close above

Php51.850 to initially target Php52.085.

     DOLLAR-THB TECHS: Bears Need Close Below 21-DMA

*RES 4: Thb32.39 - Low Jan 2 now resistance 

*RES 3: Thb32.18 - 55-DMA 

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

*RES 1: Thb31.92 - High Feb 8

*PRICE: Thb31.67 @ 2300GMT

*SUP 1: Thb31.64 - 21-DMA 

*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 looks to have stalled

with the pair correcting to pressure the 21-DMA. Bears now need a close below

the 21-DMA to ease renewed bullish pressure and return immediate focus to tests

of 2018 lows. Bulls now need a close above the 55-DMA to add support to the case

for test of the 100-DMA (Php32.60). Daily studies now approaching O/B are the

key concern for bulls.

     DOLLAR-IDR TECHS: Bears Need Close Below Idr13590

*RES 4: Idr13710 - High Feb 9 

*RES 3: Idr13698 - Monthly High June 2 2016 

*RES 2: Idr13661 - Weekly Bollinger band top 

*RES 1: Idr13648 - 2018 High Feb 9

*PRICE: Idr13625 @ 2300GMT

*SUP 1: Idr13590 - Low Feb 8 

*SUP 2: Idr13510 - Low Feb 7 

*SUP 3: Idr13479 - 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 O/B. Bears now need a close below Idr13510 to ease immediate

bullish pressure and below Idr13450 to confirm a break of 55 & 100-DMAs,

shifting initial focus to Idr13370-407 where the 21-DMA is noted. While Idr13590

supports bulls target Idr13698-710.

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

[TOPICS: MTABLE]