MNI Dollar-Asia Morning FX Technical Analysis

13 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: Sgd1.3227 Support Key This Week

*RES 4: Sgd1.3369 - High Jan 10 

*RES 3: Sgd1.3339 - High Feb 9 

*RES 2: Sgd1.3324 - High Jan 10 

*RES 1: Sgd1.3268 - Hourly resistance Feb 12

*PRICE: Sgd1.3237 @ 2300GMT

*SUP 1: Sgd1.3227 - Hourly support Feb 7 

*SUP 2: Sgd1.3180 - 21-DMA 

*SUP 3: Sgd1.3149 - High Jan 30 now support 

*SUP 4: Sgd1.3106 - Hourly support Feb 2

*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 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, Bears Need Close Below 55-DMA

*RES 4: Krw1101.4 - High Nov 20

*RES 3: Krw1098.1 - 100-DMA

*RES 2: Krw1094.4 - Bollinger band top

*RES 1: Krw1089.0 - Low Feb 9 now resistance

*PRICE: Krw1084.6 @ 2300GMT

*SUP 1: Krw1079.5 - Low Feb 7

*SUP 2: Krw1074.0 - 21-DMA

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

*SUP 4: Krw1067.5 - Low Jan 31

*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 Krw1073.9 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 (Krw1114.3) is located.

     DOLLAR-MYR TECHS: Bears Need Close Below Myr3.9230

*RES 4: Myr3.9850 - High Jan 12 

*RES 3: Myr3.9689 - High Jan 18 

*RES 2: Myr3.9606 - Daily Bear channel top 

*RES 1: Myr3.9500 - High Jan 22

*PRICE: Myr3.9400 @ 2300GMT

*SUP 1: Myr3.9230 - Low Feb 12 

*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 support

around the 21-DMA (Myr3.9261) with bears needing a close below Myr3.9230 now to

gain breathing room and shift focus back to Myr3.8670-8820. Bulls need a close

above Myr3.9500 to to hint at a move back to Myr4.0055-0200 where the 55-DMA

(Myr4.0157) is located.

     DOLLAR-CNH TECHS: Cnh6.3870 Resistance Remains Key

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

*RES 3: Cnh6.3773 - High Feb 8 

*RES 2: Cnh6.3524 - 21-DMA 

*RES 1: Cnh6.3436 - High Feb 12

*PRICE: Cnh6.3259 @ 2300GMT

*SUP 1: Cnh6.2947 - Low Feb 8

*SUP 2: Cnh6.2548 - 2018 Low Feb 7

*SUP 3: Cnh6.2533 - Bollinger band base

*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.

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 (Cnh6.4830) is located.

     DOLLAR-PHP TECHS: Bulls Need Close Above Php51.850

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

*RES 3: Php51.858 - Bollinger band top 

*RES 2: Php51.850 - 2017 High Oct 27 

*RES 1: Php51.790 - 2018 High Feb 9

*PRICE: Php51.770 @ 2300GMT

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

*SUP 2: Php51.105 - 21-DMA 

*SUP 3: Php51.050 - Low Feb 7 

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

*COMMENTARY: Initial support remains at the somewhat pivotal Php51.420 level

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

to Php50.887-51.105 where 21 & 100-DMAs are situated. Bulls take comfort in

pressure remaining of 2017 highs. Bulls continue to look for a close above

Php51.850 to initially target Php52.085 last seen in 2006.

     DOLLAR-THB TECHS: Bears Dominate While Thb31.92 Caps

*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: Thb31.63 @ 2300GMT

*SUP 1: Thb31.39 - Low Feb 7 

*SUP 2: Thb31.27 - 2018 Low Jan 25 

*SUP 3: Thb31.20 - Bollinger band base 

*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 flirt with the 21-DMA (Thb31.64). Bears now focus on

the Thb31.27-39 support region where 2018 lows are noted while Thb31.92 caps.

Bulls now need a close above Thb31.92 to gain breathing room and above the

55-DMA to add support to the case for test of the 100-DMA (Php32.60).

     DOLLAR-IDR TECHS: Bears Need Close Below Idr13590

*RES 4: Idr13710 - High Feb 9 2016 

*RES 3: Idr13698 - Monthly High June 2 2016 

*RES 2: Idr13685 - Weekly Bollinger band top 

*RES 1: Idr13655 - 2018 High Feb 12

*PRICE: Idr13655 @ 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) continues to see fresh 2018

& 4mth highs with the bullish close adding support to the case for a test of

Idr13698-7140. Bears 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 Idr13370-419 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]