Trial now
AUDUSD TECHS

Holding Above Recent Lows

US EURODLR OPTIONS

BLOCK, Large 3Y Midcurve Put Condor

EURJPY TECHS

Strong Bounce

US EURODLR OPTIONS

Late Call Buyer

USDJPY TECHS

Approaching Resistance

23 April 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 Need Close Below 100-DMA
*RES 4: Sgd1.3396 - 200-DMA 
*RES 3: Sgd1.3369 - High Jan 10 
*RES 2: Sgd1.3339 - Monthly high Feb 9 
*RES 1: Sgd1.3284 - Monthly High Mar 1
*PRICE: Sgd1.3249 @ 2300GMT
*SUP 1: Sgd1.3226 - 100-DMA 
*SUP 2: Sgd1.3173 - High Apr 20 
*SUP 3: Sgd1.3133 - High Apr 16 now support 
*SUP 4: Sgd1.3071 - Low Apr 12
*COMMENTARY: An aggressive rally Mondays saw closes above the 100-DMA and bear
channel top with focus on Sgd1.3284 Mar highs. Bulls need a close above this
level to add support to the case for a move targeting Sgd1.3369-1.3415 where the
200-DMA is situated. The 100-DMA is initial support with bears needing a close
below to gain breathing room and to target a correction back to Sgd1.3173. The
Bollinger top (Sgd1.3218) is a concern for bulls.
     DOLLAR-WON TECHS: Confirms Break Of Bear Channel Top
*RES 4: Krw1105.8 - 55-DMA
*RES 3: Krw1098.4 - 2018 High Feb 6
*RES 2: Krw1097.4 - 200-DMA
*RES 1: Krw1087.6 - High Mar 1
*PRICE: Krw1080.2 @ 2300GMT
*SUP 1: Krw1075.8 - High Mar 27 now support
*SUP 2: Krw1072.5 - 100-DMA
*SUP 3: Krw1066.4 - 21-DMA
*SUP 4: Krw1058.7 - Low Apr 6
*COMMENTARY: Bulls regained the upper hand with an aggressive rally and close
above the bear channel top of Sept highs Monday that sees immediate focus shift
to Krw1087.6 Mar highs and overall focus to Krw1097.4-1105.8 where 2018 highs,
200-DMA and 55-WMA are noted. bears now need a close below the 100-DMA to ease
bullish pressure and below the 21-DMA to return initial focus to Krw1058.7.
     DOLLAR-MYR TECHS: Bulls Need Close Above 55-DMA
*RES 4: Myr3.9446 - 100-DMA 
*RES 3: Myr3.9420 - High Jan 22 
*RES 2: Myr3.9250 - High Mar 16 
*RES 1: Myr3.8974 - 55-DMA
*PRICE: Myr3.8965 @ 2300GMT
*SUP 1: Myr3.8757 - 21-DMA 
*SUP 2: Myr3.8700 - Low Apr 12 
*SUP 3: Myr3.8510 - 2018 Low Apr 2 
*SUP 4: Myr3.8470 - 2016 Low Apr 13
*COMMENTARY: Hesitation ahead of recent 2018 and nearly 2 year lows has seen the
pair work its way back towards key resistance layers. Bulls still need a close
above the 55-DMA to ease bearish pressure and above the 100-DMA to target the
200-WMA (Myr3.9855). Bears continue to look for a close below Myr3.8700 to
confirm a break of the 21-DMA and to return immediate pressure to 2018 lows.
     DOLLAR-CNH TECHS: Bulls Need Close Above Cnh3.3253
*RES 4: Cnh6.3773 - High Feb 8 
*RES 3: Cnh6.3526 - High Mar 9 
*RES 2: Cnh6.3253 - High Apr 9 
*RES 1: Cnh6.3102 - Bollinger band top
*PRICE: Cnh6.2795 @ 2300GMT
*SUP 1: Cnh6.2929 - High Apr 20 now support
*SUP 2: Cnh6.2806 - 21-DMA
*SUP 3: Cnh6.2538 - Low Apr 2
*SUP 4: Cnh6.2510 - Bollinger band base
*COMMENTARY: Bulls take comfort in a marginal close above the 55-DMA (Cnh6.3053)
that sees immediate pressure back on Cnh6.3253. Bulls continue to look for a
close above Cnh6.3253 to confirm traction above the 55-DMA and above Cnh6.3526
to shift focus to Cnh6.3773-3870 where the 100-DMA (Cnh6.3838) is noted. Bears
now need a close below Cnh6.2929 to confirm a false break and below the 21-DMA
to pressure Cnh6.2338-2538.
     DOLLAR-PHP TECHS: Bulls Now Need Close Above Php52.560
*RES 4: Php52.850 - Monthly High July 18 2006 
*RES 3: Php52.560 - Low July 18 2006 now resistance 
*RES 2: Php52.552 - 2018 High Mar 23 
*RES 1: Php52.394 - Bollinger band top
*PRICE: Php52.365 @ 2300GMT
*SUP 1: Php52.274 - High Apr 20 now support 
*SUP 2: Php52.053 - Daily Bull channel base off 2018 Low 
*SUP 3: Php52.039 - 55-DMA 
*SUP 4: Php51.765 - Low Apr 11
*COMMENTARY: Immediate focus returns to Php52.552-560 where 2018 highs and the
July 18 2006 low are situated. Bulls look for a close above this region to
confirm focus on Php52.850 July 2006 monthly highs. The Bollinger top is the key
concern with potential to limit follow through. Bears now need a close below
Php52.274 to ease bullish pressure and below the 55-DMA to shift focus back to
Php51.639-765.
     DOLLAR-THB TECHS: Bears Need Close Below 55-DMA
*RES 4: Thb31.82 - LT Bear channel top off 2017 high 
*RES 3: Thb31.74 - High Feb 12 
*RES 2: Thb31.70 - 100-DMA 
*RES 1: Thb31.65 - High Feb 22
*PRICE: Thb31.54 @ 2300GMT
*SUP 1: Thb31.32 - High Mar 28 now support, 55-DMA 
*SUP 2: Thb31.07 - 2018 Low Mar 14 
*SUP 3: Thb30.80 - Monthly Low July 24 2013 
*SUP 4: Thb30.49 - LT Bear channel base
*COMMENTARY: Hesitation ahead of the 55-DMA came to an end with a marginal close
above Friday that shifts focus to Thb31.65-82 where the Bear channel top off
2017 highs is located. Daily studies have room to move before O/B is an issue.
The 55-DMA is now seen as initial support with bears needing a close below to
ease bullish pressure and below Thb31.07 to shift focus back to Thb30.49-80
where the LT bear channel base is located.
     DOLLAR-IDR TECHS: Bears Need Close Below Idr13800
*RES 4: Idr14090 - Monthly High Dec 14 2015 
*RES 3: Idr13975 - 2016 High Jan 7 
*RES 2: Idr13969 - Weekly Bollinger band top 
*RES 1: Idr13890 - 2018 High Apr 23
*PRICE: Idr13890 @ 2300GMT
*SUP 1: Idr13875 - High Apr 20 now support 
*SUP 2: Idr13800 - High Mar 1 now support 
*SUP 3: Idr13730 - Low Mar 28 
*SUP 4: Idr13721 - 55-DMA
*COMMENTARY: Bulls reconfirmed control with an aggressive break of Idr13800 and
the bull channel top  resulting in fresh 2018 & 2+yr highs again Monday. Initial
bullish focus shifts to Idr13975-14090 where levels last seen late 2015 early
2016 are located. Bears look for a close below Idr13800 to ease bullish pressure
and below Idr13688 to confirm a break of the 55-DMA and to shift initial focus
back to Idr13602-640. The Bollinger top Idr13847 is the key concern for bulls.
--MNI Beijing Bureau; tel: +44 207-862-7435; email: kyle.shortland@mni-news.com
[TOPICS: MTABLE]