MNI Dollar-Asia Morning FX Technical Analysis

15 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: Bears Focused On Sgd1.3000-52 Region

*RES 4: Sgd1.3219 - Daily Bear channel top off Oct high 

*RES 3: Sgd1.3205 - 55-DMA 

*RES 2: Sgd1.3167 - 21-DMA 

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

*PRICE: Sgd1.3090 @ 2300GMT

*SUP 1: Sgd1.3075 - 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 the close below Sgd1.3131 reconfirming 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: Remains Capped Ahead Of 21 & 55-DMAs

*RES 4: Krw1087.6 - High Mar 1

*RES 3: Krw1084.0 - Daily Bear channel top off Sept high

*RES 2: Krw1082.5 - 100-DMA

*RES 1: Krw1071.6 - 21-DMA

*PRICE: Krw1064.2 @ 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: Krw1030.0 - 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 Krw1030.0. 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: Myr3.9333 - 55-DMA

*PRICE: Myr3.9040 @ 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 Myr4.0242-0450 where the 100-DMA

(Myr4.0242) 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: Initial Bearish Focus On 2018 Low

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

*RES 3: Cnh6.3773 - High Feb 8 

*RES 2: Cnh6.3726 - 55-DMA 

*RES 1: Cnh6.3526 - High Mar 9

*PRICE: Cnh6.3057 @ 2300GMT

*SUP 1: Cnh6.2873 - Bollinger band base

*SUP 2: Cnh6.2867 - Low Feb 27

*SUP 3: Cnh6.2678 - Low Feb 16

*SUP 4: Cnh6.2548 - 2018 Low Feb 7

*COMMENTARY: The Cnh6.3526-3870 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 Cnh6.3526 caps initial bearish focus remains on retests of

2018 lows with the break of Cnh6.3054 adding weight to their case.

     DOLLAR-PHP TECHS: Php51.872 & Php52.213 Levels Now Key

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

*RES 3: Php52.501 - 2018 High Feb 19 

*RES 2: Php52.380 - High Feb 20 

*RES 1: Php52.213 - High Mar 8

*PRICE: Php52.009 @ 2300GMT

*SUP 1: Php51.872 - Low Mar 13 

*SUP 2: Php51.639 - Low Feb 23 

*SUP 3: Php51.400 - Low Feb 9 

*SUP 4: Php51.270 - 55-DMA

*COMMENTARY: Initial resistance remains at Php52.213 with bulls needing a close

above to gain breathing room and reconfirm initial focus on retests of 2018

highs. Daily studies are at neutral levels but narrowing Bollinger bands

increase the risk of a breakout in the near future. Bears look for a close below

Php51.872 to confirm an easing of bullish pressure and below Php51.639 to shift

initial focus back to Php51.270-400 where the 55-DMA is located.

     DOLLAR-THB TECHS: Bears Focused Now On Thb30.80-83

*RES 4: Thb31.67 - 55-DMA 

*RES 3: Thb31.65 - High Feb 22 

*RES 2: Thb31.36 - 21-DMA 

*RES 1: Thb31.25 - Low Mar 6 now resistance

*PRICE: Thb31.14 @ 2300GMT

*SUP 1: Thb31.07 - 2018 Low Mar 14 

*SUP 2: Thb30.83 - LT Bear channel base 

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

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

*COMMENTARY: The pair has remained capped ahead of the 21-DMA in recent weeks

with pressure resulting in fresh 2018 & 4+yr lows. Bearish focus now shifts to

Thb30.80-83 where July 2013 monthly lows and the LT bear channel base are

situated. The Bollinger base (Thb31.16) is the key concern for bears with

potential to limit follow through. Bulls need a close above the 21-DMA to ease

bearish pressure and hint at a correction to Thb31.65-74.

     DOLLAR-IDR TECHS: Closes Below Bull Channel Base

*RES 4: Idr13905 - TL off 2018 High 

*RES 3: Idr13885 - High Feb 3 2016 

*RES 2: Idr13845 - Bollinger band top 

*RES 1: Idr13800 - 2018 High Mar 1

*PRICE: Idr13735 @ 2300GMT

*SUP 1: Idr13692 - 21-DMA 

*SUP 2: Idr13688 - High Feb 22 now support 

*SUP 3: Idr13640 - Low Feb 26 

*SUP 4: Idr13618 - High Feb 21 now support

*COMMENTARY: Correcting O/B studies have taken their toll with closes below the

daily bull channel base leaving the pair looking a little heavy. Bears now need

a close below Idr13688 to shift initial focus to Idr13618-640 and overall focus

back to Idr13530-540 where 55 & 100-DMAs are situated. Bulls now need a close

above 2018 highs to regain control and return focus to Idr13885-13905.

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

[TOPICS: MTABLE]