MNI Dollar-Asia Morning FX Technical Analysis

13 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: Focus Returns To Sgd1.3000-52 Region

*RES 4: Sgd1.3229 - Daily Bear channel top 

*RES 3: Sgd1.3216 - 55-DMA 

*RES 2: Sgd1.3214 - High Mar 5 

*RES 1: Sgd1.3151 - Hourly resistance Mar 12

*PRICE: Sgd1.3124 @ 2300GMT

*SUP 1: Sgd1.3091 - Bollinger band base 

*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: Hesitation ahead of the 55-DMA and daily bear channel top off Oct

highs has taken its toll with a close below Sgd1.3131 that reconfirms bearish

focus on Sgd1.3000-52 where 2018 lows are situated. The Bollinger base is the

key concern for bears with potential to limit follow through. Initial resistance

is noted at Sgd1.3151 but bulls need a close above the bear channel top to ease

bearish pressure and shift focus to Sgd1.3284-1.3369.

     DOLLAR-WON TECHS: 21-DMA Continues To Cap

*RES 4: Krw1087.6 - High Mar 1

*RES 3: Krw1085.1 - Daily Bear channel top off Sept high

*RES 2: Krw1083.7 - 100-DMA

*RES 1: Krw1073.2 - 21-DMA

*PRICE: Krw1063.9 @ 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: Krw1031.2 - 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 closes that sees immediate focus on 2018 lows

and overall focus on the bear channel base around Krw1031.2. Daily studies have

room to move before O/S becomes an issue. Bulls still need a close above the

21-DMA to ease bearish pressure and above Krw1087.6 to shift focus higher.

     DOLLAR-MYR TECHS: Above Myr3.9420 To Ease Bearish Pressure

*RES 4: Myr3.9830 - Alternating daily support/resistance 

*RES 3: Myr3.9654 - 200-WMA 

*RES 2: Myr3.9420 - High Jan 22 

*RES 1: Myr3.9399 - 55-DMA

*PRICE: Myr3.9030 @ 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: A close above Myr3.9420 is needed to ease bearish pressure. The

200-WMA has capped since the close below in Jan. Bulls look for a close above

the 200-WMA to hint at a move back to Myr4.0260-0450 where the 100-DMA

(Myr4.0342) is noted with above Myr3.9830 to confirm. While the 200-WMA caps,

bears initially focus on the 2018 low with a close below still needed to target

Myr3.8180.

     DOLLAR-CNH TECHS: Cnh6.3773-3870 Resistance Remains Key

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

*RES 3: Cnh6.3810 - 55-DMA 

*RES 2: Cnh6.3773 - High Feb 8 

*RES 1: Cnh6.3526 - High Mar 9

*PRICE: Cnh6.3237 @ 2300GMT

*SUP 1: Cnh6.3054 - Low Mar 6

*SUP 2: Cnh6.2888 - Bollinger band base

*SUP 3: Cnh6.2867 - Low Feb 27

*SUP 4: Cnh6.2678 - Low Feb 16

*COMMENTARY: The Cnh6.3773-3870 resistance region where the 55-DMA is located

remains key. Bulls continue to look for a close above Cnh6.3870 to confirm a

break of the 55-DMA, ending bearish hopes and shifting initial focus to

Cnh6.4475-4657. While Cnh6.3773-3870 caps bears remain focused on retests of

2018 lows with below Cnh6.3054 needed to add weight to their case.

     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: Php51.999 @ 2300GMT

*SUP 1: Php51.639 - Low Feb 23 

*SUP 2: Php51.400 - Low Feb 9 

*SUP 3: Php51.195 - 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 Php51.030-51.195 where the 55-DMA is located. 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 Thb30.80-87

*RES 4: Thb31.92 - High Feb 8 

*RES 3: Thb31.74 - High Feb 12 

*RES 2: Thb31.73 - 55-DMA 

*RES 1: Thb31.65 - High Feb 22

*PRICE: Thb31.29 @ 2300GMT

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

*SUP 2: Thb30.86 - LT Bear channel base 

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

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

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

lows to reconfirm focus on the Thb30.80-86 region where the LT bear channel base

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

Bulls now look for a close above Thb31.74 to confirm a break of the 55-DMA and

to shift initial focus to Thb31.92-32.06. Daily studies are at neutral levels

and providing few clues.

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

*RES 4: Idr13994 - Daily Bull channel top 

*RES 3: Idr13885 - High Feb 3 2016 

*RES 2: Idr13835 - Bollinger band top 

*RES 1: Idr13800 - 2018 High Mar 1

*PRICE: Idr13765 @ 2300GMT

*SUP 1: Idr13776 - 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 (Idr13684) 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 Idr13531-536. 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]