MNI Dollar-Asia Morning FX Technical Analysis

15 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: Focus On Dec 2014 Monthly Low

*RES 4: Sgd1.3314 - 55-DMA 

*RES 3: Sgd1.3268 - Hourly resistance Feb 12 

*RES 2: Sgd1.3202 - Low Feb 13 now resistance 

*RES 1: Sgd1.3177 - 21-DMA

*PRICE: Sgd1.3138 @ 2300GMT

*SUP 1: Sgd1.3106 - Hourly support Feb 2 

*SUP 2: Sgd1.3066 - Low Jan 31 

*SUP 3: Sgd1.3039 - Low Jan 26 

*SUP 4: Sgd1.3000 - Monthly Low Dec 16 2014

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

looking heavy with correcting O/B studies seen weighing. The close below the

21-DMA now sees bears focused on Dec 2014 monthly lows with below Sgd1.3066 to

add weight to the case. Daily studies have room to move before O/S is an issue.

Bulls now need a close above Sgd1.3202 to ease bearish pressure and above

Sgd1.3273 to pressure the 55-DMA (Sgd1.3314).

     DOLLAR-WON TECHS: Below Krw1073.9 Targets 2018 Low

*RES 4: Krw1095.3 - Bollinger band top

*RES 3: Krw1089.0 - Low Feb 9 now resistance

*RES 2: Krw1085.3 - Low Feb 8 now resistance

*RES 1: Krw1079.5 - Low Feb 7 now resistance

*PRICE: Krw1077.2 @ 2300GMT

*SUP 1: Krw1075.7 - 21-DMA

*SUP 2: Krw1073.9 - High Jan 30 now support

*SUP 3: Krw1067.5 - Low Jan 31

*SUP 4: Krw1057.9 - 2018 Low Jan 25

*COMMENTARY: The pair is now looking a little heavy as the correction lower from

the 100-DMA (Krw1097.0) continues. Bears continue to look for a close below

Krw1073.9 to confirm a return in focus to tests of 2018 lows. Daily studies are

well placed for a fresh leg lower. Bulls now need a close above Krw1089.0 to

ease bearish pressure and return immediate focus to Krw1097.0-1101.4 where the

100-DMA is situated. Above Krw1101.4 is needed to target Krw1107.5-1116.6.

     DOLLAR-MYR TECHS: Remains Capped Around 200-WMA

*RES 4: Myr3.9850 - High Jan 12 

*RES 3: Myr3.9689 - High Jan 18 

*RES 2: Myr3.9540 - 200-WMA 

*RES 1: Myr3.9500 - High Jan 22

*PRICE: Myr3.9200 @ 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: Topside hesitation around the 200-WMA and correcting O/B studies

have taken their toll with the marginal close below the 21-DMA (Myr3.9203)

Wednesday returning focus to tests of 2018 lows. Bulls still need a close above

Myr3.9500 to hint at a move back to Myr4.0055-0200 where the 55-DMA (Myr4.0083)

is located.

     DOLLAR-CNH TECHS: Cnh6.3504-3870 Resistance 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: Cnh6.3504 - High Feb 14

*PRICE: Cnh6.3080 @ 2300GMT

*SUP 1: Cnh6.2947 - Low Feb 8

*SUP 2: Cnh6.2592 - 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 repeatedly having failed to gain traction above

the 21-DMA (Cnh6.3358). 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 (Cnh6.4670) is located.

     DOLLAR-PHP TECHS: Php51.790 Support Remains Key

*RES 4: Php52.850 - Monthly High July 18 2006 

*RES 3: Php52.560 - Low July 18 2006 now resistance 

*RES 2: Php52.226 - Daily Bull channel top 

*RES 1: Php52.120 - 2018 High Feb 14

*PRICE: Php51.120 @ 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 Php52.226-560 where the daily bull

channel top and levels last seen in 2006 are located. Bears continues to 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: Below 2018 Lows Targets Thb30.80-81

*RES 4: Thb31.92 - High Feb 8 

*RES 3: Thb31.74 - High Feb 12 

*RES 2: Thb31.56 - 21-DMA 

*RES 1: Thb31.39 - Low Feb 7 now resistance

*PRICE: Thb31.47 @ 2300GMT

*SUP 1: Thb31.27 - 2018 Low Jan 25 

*SUP 2: Thb31.16 - Low Nov 6 2013, Bollinger band base 

*SUP 3: Thb30.81 - Daily Bear channel base 

*SUP 4: Thb30.80 - Monthly Low July 24 2013

*COMMENTARY: The pair remains heavy with immediate focus back on tests of 2018

lows. Bears look for a close below 2018 lows to reconfirm focus on the

Thb30.80-81 region where the bear channel base and July 2013 monthly low are

situated. Daily studies are well placed for a fresh leg lower. Bulls now need a

close above the 21-DMA to gain breathing room and above the 55-DMA (Thb32.11) to

shift initial focus to Thb32.39-58.

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

[TOPICS: MTABLE]