MNI Dollar-Asia Morning FX Technical Analysis

14 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: Correcting O/B Studies Weighing

*RES 4: Sgd1.3369 - High Jan 10 

*RES 3: Sgd1.3339 - High Feb 9 

*RES 2: Sgd1.3320 - 55-DMA 

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

*PRICE: Sgd1.3224 @ 2300GMT

*SUP 1: Sgd1.3202 - Low Feb 13 

*SUP 2: Sgd1.3180 - 21-DMA 

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

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

*COMMENTARY: The failed attempt to break above the 55-DMA has left the pair

looking heavy with correcting O/B studies seen weighing. Initial focus is on the

Sgd1.3149-80 region where the 21-DMA is noted. Bears neo need ac close below

Sgd1.3149 to confirm immediate focus on tests of 2018 lows. The Sgd1.3268

resistance is key today with bulls needing a close above to pressure layers of

resistance Sgd1.3320-133.36 where 55 & 100-DMAs are noted.

     DOLLAR-WON TECHS: Krw1073.9-1079.5 Support Key

*RES 4: Krw1097.6 - 100-DMA

*RES 3: Krw1095.3 - Bollinger band top

*RES 2: Krw1089.0 - Low Feb 9 now resistance

*RES 1: Krw1085.3 - Low Feb 8 now resistance

*PRICE: Krw1084.5 @ 2300GMT

*SUP 1: Krw1079.5 - Low Feb 7

*SUP 2: Krw1077.7 - 55-DMA

*SUP 3: Krw1075.0 - 21-DMA

*SUP 4: Krw1073.9 - High Jan 30 now support

*COMMENTARY: The pair remains supported ahead of 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

Krw1089.0 to ease pressure on the 55-DMA and return immediate focus to

Krw1097.6-1101.4 where the 100-DMA is situated. Above Krw1101.4 is needed to

initially target Krw1107.5-1116.6 where the 200-DMA (Krw1114.0) is located.

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

*RES 4: Myr3.9850 - High Jan 12 

*RES 3: Myr3.9689 - High Jan 18 

*RES 2: Myr3.9565 - Daily Bear channel top 

*RES 1: Myr3.9500 - High Jan 22

*PRICE: Myr3.9320 @ 2300GMT

*SUP 1: Myr3.9227 - 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 support

around the 21-DMA with bears needing a close below 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 (Myr4.0119) is located.

     DOLLAR-CNH TECHS: Cnh6.3870 Resistance Remains Key

*RES 4: Cnh6.4140 - Low Nov 25 2015, Low Jan 15 & 17 

*RES 3: Cnh6.3870 - Low Jan 19 now resistance 

*RES 2: Cnh6.3773 - High Feb 8 

*RES 1: Cnh6.3476 - 21-DMA

*PRICE: Cnh6.3259 @ 2300GMT

*SUP 1: Cnh6.2947 - Low Feb 8

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

*SUP 3: Cnh6.2543 - 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.

Bulls still need a close above Cnh6.3870 to shift focus back to Cnh6.4475-5017

where the 55-DMA (Cnh6.4780) is located.

     DOLLAR-PHP TECHS: Php51.790 Support Key Today

*RES 4: Php52.560 - Low July 18 2006 now resistance 

*RES 3: Php52.226 - Daily Bull channel top 

*RES 2: Php52.085 - Monthly Low July 10 2006 now resistance 

*RES 1: Php52.000 - 2018 High Feb 13

*PRICE: Php51.980 @ 2300GMT

*SUP 1: Php51.840 - Low Feb 13 

*SUP 2: Php51.790 - High Feb 9 now support 

*SUP 3: Php51.420 - Alternating daily support/resistance 

*SUP 4: Php51.353 - Daily Bull channel base

*COMMENTARY: The Php51.420 level has provided the base for a rally to fresh 2018

& 11+ yr highs with bulls now focused on Php52.085-560 where the daily bull

channel top and levels last seen in 2006 are located. Bears now look for a close

below Php51.790 to ease immediate bullish pressure and hint at a correction back

to Php51.353-420. Below the bull channel base then targets Php50.896-51.182

where 21 & 100-DMAs are located.

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

*RES 4: Thb32.16 - 55-DMA 

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

*RES 2: Thb31.92 - High Feb 8 

*RES 1: Thb31.74 - High Feb 12

*PRICE: Thb31.47 @ 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 has stalled with the pair

correcting and closing below the 21-DMA (Thb31.62). 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 (Php32.58).

     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 & 13

*PRICE: Idr13655 @ 2300GMT

*SUP 1: Idr13590 - Low Feb 8 

*SUP 2: Idr13510 - Low Feb 7 

*SUP 3: Idr13484 - 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 closes adding support to the case for a test of

Idr13698-7140. Bears need a close below Idr13590 to ease immediate bullish

pressure and below Idr13480 to confirm a break of 55 & 100-DMAs, shifting

initial focus to Idr13370-450 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]