MNI Dollar-Asia Morning FX Technical Analysis

9 March 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 Sgd1.3284

*RES 4: Sgd1.3284 - High Mar 1 

*RES 3: Sgd1.3239 - Daily Bear channel top 

*RES 2: Sgd1.3227 - 55-DMA 

*RES 1: Sgd1.3214 - High Mar 5

*PRICE: Sgd1.3173 @ 2300GMT

*SUP 1: Sgd1.3131 - Low Mar 8 

*SUP 2: Sgd1.3052 - Low Feb 16 

*SUP 3: Sgd1.3013 - 2018 Low Jan 25 

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

*COMMENTARY: The break of Sgd1.3140 has so far lacked follow through with the

pair bouncing back towards layers of resistance Sgd1.3214-84 where the 55-DMA

and bear channel top are located. Bulls need a close above Sgd1.3284 to confirm

a break of the 55-DMA and to shift focus to Sgd1.3339-1.3415 where a longer term

bear channel top and 100-DMA are noted. Bears now look for a close below

Sgd1.3131 to target 2018 lows.

     DOLLAR-WON TECHS: 21-DMA Resistance Key Today

*RES 4: Krw1087.6 - High Mar 1

*RES 3: Krw1086.2 - Daily Bear channel top off Sept high

*RES 2: Krw1085.0 - 100-DMA

*RES 1: Krw1075.8 - 21-DMA

*PRICE: Krw1073.2 @ 2300GMT

*SUP 1: Krw1059.5 - Low Mar 6

*SUP 2: Krw1054.7 - 2018 Low Jan 15

*SUP 3: Krw1045.6 - Monthly Low Oct 29 2014

*SUP 4: Krw1032.3 - Daily Bear channel base

*COMMENTARY: The 100-DMA reconfirmed significance as resistance having so far

capped the recovery from Feb lows. Topside hesitation has taken its toll with an

aggressive sell-off and bearish close that sees immediate focus on 2018 lows and

overall focus on the bear channel base around Krw1033.2. Daily studies have room

to move but the Bollinger base is a concern and currently limits follow through.

Bulls now need a close above the 21-DMA to ease bearish pressure.

     DOLLAR-MYR TECHS: Bulls Need Weekly Close Above 200-WMA

*RES 4: Myr3.9620 - 200-WMA 

*RES 3: Myr3.9461 - 55-DMA 

*RES 2: Myr3.9420 - High Jan 22 

*RES 1: Myr3.9106 - 21-DMA

*PRICE: Myr3.9070 @ 2300GMT

*SUP 1: Myr3.8800 - Low Feb 2 

*SUP 2: Myr3.8630 - 2018 Low Jan 29 

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

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

*COMMENTARY: The 200-WMA has capped since the close below in Jan. Bulls look for

a close above the 200-WMA to ease bearish pressure and above Myr3.9830 to

confirm a break of the 55-DMA (Myr3.9461) and shift initial focus to

Myr4.0260-0450 where the 100-DMA is noted. While the 200-WMA caps, bears

initially focus on the 2018 low with a close below to target Myr3.8180.

     DOLLAR-CNH TECHS: Bulls Gain Breathing Room

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

*RES 3: Cnh6.3895 - 55-DMA 

*RES 2: Cnh6.3870 - Low Jan 19 now resistance 

*RES 1: Cnh6.3773 - High Feb 8

*PRICE: Cnh6.3425 @ 2300GMT

*SUP 1: Cnh6.3054 - Low Mar 6

*SUP 2: Cnh6.2867 - Low Feb 27

*SUP 3: Cnh6.2857 - Bollinger band base

*SUP 4: Cnh6.2678 - Low Feb 16

*COMMENTARY: Bulls take comfort in the recovery from the week's low so far

resulting in a close above the 21-DMA. The Cnh6.3773-3895 resistance region

where the 55-DMA is located remains key. Bulls need a close above the 55-DMA to

initially hint at a move back to Cnh6.4475-5675 with the 100-DMA above at

Cnh6.4933. Bears now need a close below Cnh6.3054 to return focus to tests of

2018 lows.

     DOLLAR-PHP TECHS: Php51.400-639 Support Remains Key

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

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

*RES 2: Php52.501 - 2018 High Feb 19 

*RES 1: Php52.380 - High Feb 20

*PRICE: Php52.130 @ 2300GMT

*SUP 1: Php51.639 - Low Feb 23 

*SUP 2: Php51.400 - Low Feb 9 

*SUP 3: Php51.121 - 55-DMA 

*SUP 4: Php51.030 - Low Feb 7

*COMMENTARY: Bulls take comfort in support emerging on dips with the

Php51.400-639 support region key. Bears need a close below Php61.639 to confirm

an easing of bullish pressure and below Php51.400 to confirm a shift in

immediate focus back to Php50.607-51.050 where key DMAs are clustered. Bulls

still need a close above 2018 highs to reconfirm a bullish bias and target

Php52.850 July 2006 monthly highs.

     DOLLAR-THB TECHS: Below 2018 Lows Initially Targets Thb30.80-91

*RES 4: Thb31.92 - High Feb 8 

*RES 3: Thb31.78 - 55-DMA 

*RES 2: Thb31.74 - High Feb 12 

*RES 1: Thb31.65 - High Feb 22

*PRICE: Thb31.36 @ 2300GMT

*SUP 1: Thb31.16 - 2018 Low Feb 16, Low Nov 6 2013 

*SUP 2: Thb30.88 - LT Bear channel base 

*SUP 3: Thb30.80 - Monthly Low July 24 2013 

*SUP 4: Thb30.42 - Low June 14 2013

*COMMENTARY: Sideways trading continues. Bears look for a close below 2018 lows

to reconfirm focus on the Thb30.80-88 region where the LT bear channel base and

July 2013 monthly low are situated. Layers of resistance remain in place. Bulls

continue to look for a close above Thb31.92 to confirm a break of the 55-DMA and

to shift focus to Thb32.24-58 where the LT bear channel top and 100-DMA

(Thb32.26) are located.

     DOLLAR-IDR TECHS: Layers Of Support Idr13618-688 Key

*RES 4: Idr13932 - Daily Bull channel top 

*RES 3: Idr13885 - High Feb 3 2016 

*RES 2: Idr13814 - Bollinger band top 

*RES 1: Idr13800 - 2018 High Mar 1

*PRICE: Idr13780 @ 2300GMT

*SUP 1: Idr13745 - Daily Bull channel base off 2018 Low 

*SUP 2: Idr13688 - High Feb 22 now support 

*SUP 3: Idr13640 - Low Feb 26 

*SUP 4: Idr13618 - High Feb 21 now support

*COMMENTARY: Bulls take comfort as the pair distances itself from the

Idr13618-688 support region where the 21-DMA (Idr13669) is noted. Bears look for

a close below the 21-DMA to ease bullish pressure and below Idr13618 to shift

focus back to 55 & 100-DMAs Idr13523-532. Bulls remain focused on the daily bull

channel top while the 21-DMA supports. Daily studies correcting from O/B are the

key concern for bulls.

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

[TOPICS: MTABLE]