MNI BRIEF: Chinese Exports Jeopardise EU Industry--Le Maire

MNI BRIEF: EU's Gentiloni Calls For G7 Coordination On China

MNI: Canada Retails Jump In April After Weak First Quarter

MNI: PBOC Conducts CNY2 Bln Via OMO Fri; Liquidity Unchanged

CHINA PBOC INJECTS CNY2 BILLION VIA 7-DAY REVERSE REPOS FRI

MNI: PBOC Sets Yuan Parity Higher At 7.1102 Fri; -2.68% Y/Y

MNI: BAKER HUGHES US RIG COUNT 600; OIL RIGS 497; GAS RIGS 99

EZ/UK Bond Supply Calendar: EU, Belgium Auction on Monday

EZ/UK T-Bill Calendar: Germany and France To Sell Bills Monday

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

MNI BRIEF: Poilievre Calls QE 'Scam' And Would Limit BOC Remit

MNI: Growth Drag From Net Zero Carbon Goal Can Be Offset-OECD

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

MNI Dollar-Asia Morning FX Technical Analysis 

25 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: Sgd1.3133-97 Support Region Key
*RES 4: Sgd1.3393 - 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: Sgd1.3220 @ 2300GMT
*SUP 1: Sgd1.3197 - High Apr 6 now support 
*SUP 2: Sgd1.3173 - High Apr 20 
*SUP 3: Sgd1.3133 - High Apr 16 now support 
*SUP 4: Sgd1.3071 - Low Apr 12
*COMMENTARY: Bulls have failed to gain traction above the 100-DMA (Sgd1.3223)
with the pair rejected ahead of the Sgd1.3284 resistance. Bears now look for a
close below Sgd1.3197 to gain breathing room and below Sgd1.3133 to return focus
to Sgd1.3000-71 where 2018 lows are noted. While Sgd1.3197 supports bulls remain
focused on layers of resistance Sgd1.3284-1.3415 where the 200-DMA is noted.
     DOLLAR-WON TECHS: Bears Need Close Below 100-DMA
*RES 4: Krw1098.4 - 2018 High Feb 6
*RES 3: Krw1097.2 - 200-DMA
*RES 2: Krw1087.6 - High Mar 1
*RES 1: Krw1081.2 - High Mar 23
*PRICE: Krw1076.3 @ 2300GMT
*SUP 1: Krw1072.3 - 100-DMA
*SUP 2: Krw1066.3 - 21-DMA
*SUP 3: Krw1058.7 - Low Apr 6
*SUP 4: Krw1052.0 - 2018 Low Apr 2
*COMMENTARY: Bulls have so far failed to capitalise on the break of the bear
channel top of Sept highs with a dip back towards the 100-DMA. 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. While the 100-DMA supports bulls retain initial
focus on Krw1087.6 Mar highs and overall focus to Krw1097.4-1105.8 where 2018
highs, 200-DMA and 55-WMA are noted.
     DOLLAR-MYR TECHS: Focus Shifts To Myr3.9250-3.9430
*RES 4: Myr3.9430 - 100-DMA 
*RES 3: Myr3.9420 - High Jan 22 
*RES 2: Myr3.9394 - 21-WMA 
*RES 1: Myr3.9250 - High Mar 16
*PRICE: Myr3.9030 @ 2300GMT
*SUP 1: Myr3.8890 - Low Apr 20 
*SUP 2: Myr3.8762 - 21-DMA 
*SUP 3: Myr3.8700 - Low Apr 12 
*SUP 4: Myr3.8510 - 2018 Low Apr 2
*COMMENTARY: Bulls take comfort in a close above the 55-DMA (Myr3.8972) that
sees focus shift to Myr3.9250-9430 where the 21-WMA & 100-DMA are located. Bulls
need a close above the 100-DMA to shift initial focus to the 200-WMA
(Myr3.9856). Bears now need a close below Myr3.8890 to ease bullish pressure and
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: Cnh6.3091 - Bollinger band top
*PRICE: Cnh6.2978 @ 2300GMT
*SUP 1: Cnh6.2913 - Low Apr 24
*SUP 2: Cnh6.2814 - 21-DMA
*SUP 3: Cnh6.2538 - Low Apr 2, Bollinger band base
*SUP 4: Cnh6.2352 - 2018 Low Mar 27
*COMMENTARY: Bulls continue to look for a close above Cnh6.3253 to confirm
traction above the 55-DMA (Cnh6.3046) and above Cnh6.3526 to shift focus to
Cnh6.3773-3870 where the 100-DMA (Cnh6.3805) is noted. Bears now need a close
below Cnh6.2913 to confirm a false break of the 55-DMA and below the 21-DMA to
pressure Cnh6.2352-2538 where 2018 lows are situated.
     DOLLAR-PHP TECHS: Bollinger Band Top Limiting Follow Through
*RES 4: Php52.560 - Low July 18 2006 now resistance 
*RES 3: Php52.552 - 2018 High Mar 23 
*RES 2: Php52.483 - High Apr 24 
*RES 1: Php52.334 - Bollinger band top
*PRICE: Php52.199 @ 2300GMT
*SUP 1: Php52.084 - Daily Bull channel base off 2018 Low 
*SUP 2: Php52.053 - 55-DMA 
*SUP 3: Php51.765 - Low Apr 11 
*SUP 4: Php51.639 - Low Feb 23
*COMMENTARY: Failure to trouble 2018 highs and a lack of topside follow through
courtesy of the Bollinger band top see pressure back on Php52.053-084 where the
bull channel base off 2018 lows, 21 & 55-DMAs are located. Bears now need a
close below the 55-DMA to shift focus back to Php51.639-765. Bulls continue to
look for a close above Php52.560 to confirm initial focus on Php52.850 July 2006
monthly highs.
     DOLLAR-THB TECHS: Bears Need Close Below 55-DMA
*RES 4: Thb31.80 - LT Bear channel top off 2017 high 
*RES 3: Thb31.74 - High Feb 12 
*RES 2: Thb31.69 - 100-DMA 
*RES 1: Thb31.65 - High Feb 22
*PRICE: Thb31.46 @ 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: Thb30.47 - 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 Thb31.65-80 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 Thb30.47-80
where the LT bear channel base is located.
     DOLLAR-IDR TECHS: Idr13875 Support Key Today
*RES 4: Idr14090 - Monthly High Dec 14 2015 
*RES 3: Idr13975 - 2016 High Jan 7 
*RES 2: Idr13968 - Weekly Bollinger band top 
*RES 1: Idr13899 - 2018 High Apr 24
*PRICE: Idr13885 @ 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: Idr13727 - 55-DMA
*COMMENTARY: Bulls reconfirmed control with an aggressive break of Idr13800 and
the bull channel top Friday resulting in fresh 2018 & 2+yr highs again Tuesday.
Initial bullish focus shifts to Idr13975-14090 where levels last seen late 2015
early 2016 are located. Bears look for a close below Idr13875 to ease bullish
pressure and below Idr13800 to shift focus back to Idr13727-730 where the 55-DMA
is situated.
--MNI Beijing Bureau; tel: +44 207-862-7435; email: kyle.shortland@mni-news.com
[TOPICS: MTABLE]
To read the full story
Close
Why MNI
MNI is the leading provider
 of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.

    

});

window.REBELMOUSE_TASKS_QUEUE.push(function(){

    
        window.dataLayer.push({
    'event' : 'logedout',
    'loggedOut' : 'loggedOut'
  });
    

});

window.REBELMOUSE_TASKS_QUEUE.push(function(){

    
        (function appendPosts () {  
    var policyPosts = document.getElementsByClassName('policy-posts-wrapper')[0];
    var policyPostsMenu = document.querySelector('.policy-posts-span');
    policyPostsMenu.append(policyPosts);
    policyPosts.style.display = "block";
  
    var empolicyPosts = document.getElementsByClassName('em-policy-posts-wrapper')[0];
    var empolicyPostsMenu = document.querySelector('.em-policy-posts-span');
    empolicyPostsMenu.append(empolicyPosts);
    empolicyPosts.style.display = "block";

    var dataPosts = document.getElementsByClassName('data-posts-wrapper')[0];
    var dataPostsMenu = document.querySelector('.data-posts-span');
    dataPostsMenu.append(dataPosts);
    dataPosts.style.display = "block";
})();
    

});

window.REBELMOUSE_TASKS_QUEUE.push(function(){

    
        document.querySelectorAll(".my-mni").forEach(function(item){
  item.href="/core/users/email_login/";
  item.innerHTML="Log In";
})
    

});

window.REBELMOUSE_TASKS_QUEUE.push(function(){

    
        document.querySelector('.signup-form').addEventListener('submit', () => {
  window.dataLayer = window.dataLayer || [];
  dataLayer.push({
    'event' : 'submission_click',
    'event_category': "Sign Up Button Clicks",
     'event_label': "Posts" 
  });  
  
})
    

});

window.REBELMOUSE_TASKS_QUEUE.push(function(){

    
        REBELMOUSE_STDLIB.createElementChangeListener('.signup-form.authentication--form',function(item){
  item.onsubmit=function(e){
    ga('b.send', 'event', {eventCategory: 'Signup', eventAction: 'CompletedForm', eventLabel:'pageTitle', eventValue:15});
    window.dataLayer = window.dataLayer || [];
    dataLayer.push({
      'event' : 'signup_click',
      'event_category': "Signup",
      'event_action': 'CompletedForm',
       'event_label': 'pageTitle',
      'event_value': 15
    });  
  }
})
    

});

window.REBELMOUSE_TASKS_QUEUE.push(function(){

    
        document.querySelectorAll("img").forEach(function (img) {
    img.addEventListener("contextmenu", function (e) {
      return false;
    });
  });
  document
    .querySelector(".site-logo img")
    .addEventListener("contextmenu", function (e) {
      return true;
    });
    

});

window.REBELMOUSE_TASKS_QUEUE.push(function(){

    
        document.querySelector('.signup-form').addEventListener('submit', () => {
  window.dataLayer = window.dataLayer || [];
  dataLayer.push({
    'event' : 'submission_click',
    'event_category': "Sign Up Button Clicks",
     'event_label': "Posts" 
  });  
  
})
    

});

window.REBELMOUSE_TASKS_QUEUE.push(function(){

    
        REBELMOUSE_STDLIB.createElementChangeListener('.signup-form.authentication--form',function(item){
  item.onsubmit=function(e){
    ga('b.send', 'event', {eventCategory: 'Signup', eventAction: 'CompletedForm', eventLabel:'pageTitle', eventValue:15});
    window.dataLayer = window.dataLayer || [];
    dataLayer.push({
      'event' : 'signup_click',
      'event_category': "Signup",
      'event_action': 'CompletedForm',
       'event_label': 'pageTitle',
      'event_value': 15
    });  
  }
})
    

});

window.REBELMOUSE_TASKS_QUEUE.push(function(){

    
        
  let posts = document.querySelectorAll(".all-content-wrapper .widget:not(.stream-story-processed)");
  window.check_story_posts(posts, "streamOfPosts");
    

});

window.REBELMOUSE_LOW_TASKS_QUEUE.push(function(){

    
        function populateInputsWithAPAPI(c) {
  document.querySelectorAll('.signup-form input[name="country"]').forEach(el => {
	el.setAttribute("value", c.country_name);
  });
  document.querySelectorAll('.signup-form .country_name').forEach(el => {
	el.setAttribute("value", c.country_name);
  });

  let country_code =
    c && c.country_code ? c.country_code.toLowerCase() : "auto";
  document.querySelectorAll('.signup-form .country_code').forEach(el => {
	el.setAttribute("value", country_code);
  });
  document.querySelectorAll('.signup-form .selected_country').forEach(el => {
	el.setAttribute("value", country_code);
  });
}

const fetch = function (err, res) {
  var r = new XMLHttpRequest();
  r.open("GET", err, !0),
    (r.responseType = "json"),
    (r.onload = function () {
      var err = r.status;
      res(200 === err ? null : err, r.response);
    }),
    r.send();
};

function setupCountry() {
  if (window.preventDuplicateExec) {
    return;
  }
  window.preventDuplicateExec = true;

  window.REBELMOUSE_STDLIB.onElementInViewport({
    threshold: 0,
    firstOnly: true,
    oneTime: true,
    selector: ".signup-form",
    onIntersect: (entry) => {
      // when you need to get access to that data you call it in that way:
      let ipapiData = localStorage.getItem("ipapiData");
      if (!ipapiData) {
        fetch("https://ipapi.co/json/", function (err, ipData) {
          console.log("populating inputs with data from IP API ");
          localStorage.setItem("ipapiData", JSON.stringify(ipData));
          populateInputsWithAPAPI(ipData);
        });
      } else {
        console.log(
          "populating inputs with data from IP API data stored in local storage"
        );
        populateInputsWithAPAPI(JSON.parse(ipapiData));
      }
    },
  });
}

setupCountry();
    

});

window.REBELMOUSE_LOW_TASKS_QUEUE.push(function(){

    
        /*
const sidebar = document.querySelector('.left-sidebar-container');
const stickyContent = document.querySelector('.sticky-content');
const siteContent = document.querySelector('.all-posts-stream');
if (sidebar && stickyContent && siteContent) {
  if (siteContent.clientHeight > sidebar.clientHeight) {
    console.log('grater -> ', siteContent.clientHeight + ' > ' + sidebar.clientHeight);
    stickyContent.style.height = (siteContent.clientHeight - sidebar.clientHeight) + 'px';
  }
}
*/
    

});

window.REBELMOUSE_LOW_TASKS_QUEUE.push(function(){

    
        function populateInputsWithAPAPI(c) {
  document.querySelectorAll('.signup-form input[name="country"]').forEach(el => {
	el.setAttribute("value", c.country_name);
  });
  document.querySelectorAll('.signup-form .country_name').forEach(el => {
	el.setAttribute("value", c.country_name);
  });

  let country_code =
    c && c.country_code ? c.country_code.toLowerCase() : "auto";
  document.querySelectorAll('.signup-form .country_code').forEach(el => {
	el.setAttribute("value", country_code);
  });
  document.querySelectorAll('.signup-form .selected_country').forEach(el => {
	el.setAttribute("value", country_code);
  });
}

const fetch = function (err, res) {
  var r = new XMLHttpRequest();
  r.open("GET", err, !0),
    (r.responseType = "json"),
    (r.onload = function () {
      var err = r.status;
      res(200 === err ? null : err, r.response);
    }),
    r.send();
};

function setupCountry() {
  if (window.preventDuplicateExec) {
    return;
  }
  window.preventDuplicateExec = true;

  window.REBELMOUSE_STDLIB.onElementInViewport({
    threshold: 0,
    firstOnly: true,
    oneTime: true,
    selector: ".signup-form",
    onIntersect: (entry) => {
      // when you need to get access to that data you call it in that way:
      let ipapiData = localStorage.getItem("ipapiData");
      if (!ipapiData) {
        fetch("https://ipapi.co/json/", function (err, ipData) {
          console.log("populating inputs with data from IP API ");
          localStorage.setItem("ipapiData", JSON.stringify(ipData));
          populateInputsWithAPAPI(ipData);
        });
      } else {
        console.log(
          "populating inputs with data from IP API data stored in local storage"
        );
        populateInputsWithAPAPI(JSON.parse(ipapiData));
      }
    },
  });
}

setupCountry();
    

});