MNI Dollar-Asia Morning FX Technical Analysis

27 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: Sgd1.3415 - Low Dec 1 now resistance 

*RES 3: Sgd1.3390 - 200-DMA 

*RES 2: Sgd1.3369 - High Jan 10 

*RES 1: Sgd1.3339 - Monthly high Feb 9

*PRICE: Sgd1.3271 @ 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: Support emerging on dips back towards Sgd1.3197 sees bulls firmly

focused on Sgd1.3339-1.3415 while Sgd1.3197 supports. Bears continue to 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. O/B daily studies and the

Bollinger band top (Sgd1.3281) remain concerns for bulls with potential to limit

follow through.

     DOLLAR-WON TECHS: Bears Need Close Below 100-DMA

*RES 4: Krw1098.4 - 2018 High Feb 6

*RES 3: Krw1096.8 - 200-DMA

*RES 2: Krw1087.6 - High Mar 1

*RES 1: Krw1085.5 - High Mar 23

*PRICE: Krw1076.8 @ 2300GMT

*SUP 1: Krw1072.1 - 100-DMA

*SUP 2: Krw1067.9 - 21-DMA

*SUP 3: Krw1058.7 - Low Apr 6

*SUP 4: Krw1052.0 - 2018 Low Apr 2

*COMMENTARY: Bulls take comfort in support emerging on dips back to key DMAs

with bears needing 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

Krw1096.8-1105.8 where 2018 highs, 200-DMA and 55-WMA are noted.

     DOLLAR-MYR TECHS: Bulls Focused On Myr3.9250-3.9420

*RES 4: Myr3.9420 - High Jan 22 

*RES 3: Myr3.9397 - 100-DMA 

*RES 2: Myr3.9399 - 21-WMA 

*RES 1: Myr3.9250 - High Mar 16

*PRICE: Myr3.9150 @ 2300GMT

*SUP 1: Myr3.8971 - 55-DMA 

*SUP 2: Myr3.8890 - Low Apr 20 

*SUP 3: Myr3.8803 - 21-DMA 

*SUP 4: Myr3.8700 - Low Apr 12

*COMMENTARY: Bulls take comfort closes above the 55-DMA that sees bulls focused

on Myr3.9250-9420 where the 21-WMA & 100-DMA are located. Bulls need a close

above Myr3.9420 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 Focused On Cnh6.3526-3870

*RES 4: Cnh6.3773 - High Feb 8 

*RES 3: Cnh6.3748 - 100-DMA 

*RES 2: Cnh6.3526 - High Mar 9 

*RES 1: Cnh6.3291 - High Apr 25

*PRICE: Cnh6.3252 @ 2300GMT

*SUP 1: Cnh6.3046 - 55-DMA

*SUP 2: Cnh6.2913 - Low Apr 24

*SUP 3: Cnh6.2873 - 21-DMA

*SUP 4: Cnh6.2538 - Low Apr 2

*COMMENTARY: Gains Wednesday see bulls focused on layers of resistance

Cnh6.3526-3870 where the 100-DMA is located. Overall bulls need a close above

Cnh6.3870 to shift focus to Cnh6.4657-5020 where the 200-DMA (Cnh6.5025) &

200-WMA (Cnh6.4954) are situated. The 21-DMA remains key support. Bears need a

close below to end bullish hopes and shift focus back to Cnh6.2338-2538 where

2018 lows are located.

     DOLLAR-PHP TECHS: Initial Focus Returns To Php51.639-765

*RES 4: Php52.483 - High Apr 24 

*RES 3: Php52.307 - Bollinger band top 

*RES 2: Php52.170 - Low Apr 25 now resistance 

*RES 1: Php52.058 - 55-DMA

*PRICE: Php51.927 @ 2300GMT

*SUP 1: Php51.765 - Low Apr 11 

*SUP 2: Php51.639 - Low Feb 23 

*SUP 3: Php51.400 - Low Feb 9 

*SUP 4: Php51.378 - 100-DMA

*COMMENTARY: Failure to trouble 2018 highs and a lack of topside follow through

courtesy of the Bollinger band top has taken its toll with an aggressive break

of the 21 & 55-DMA and bull channel base off 2018 lows. Immediate focus is back

on Php51.639-765 with a close below then targeting Php51.030-400 where the 100 &

200 (Php51.183) DMAs are situated. Bulls now need a close above Php52.170 to

ease bearish pressure and shift focus back to Php52.483-560.

     DOLLAR-THB TECHS: Pressuring Key Resistance Region

*RES 4: Thb31.78 - LT Bear channel top off 2017 high 

*RES 3: Thb31.74 - High Feb 12 

*RES 2: Thb31.67 - 100-DMA 

*RES 1: Thb31.65 - High Feb 22

*PRICE: Thb31.61 @ 2300GMT

*SUP 1: Thb31.50 - Low Apr 26 

*SUP 2: Thb31.39 - Alternating daily support/resistance 

*SUP 3: Thb31.31 - 55-DMA 

*SUP 4: Thb31.29 - 21-DMA

*COMMENTARY: The pair is now hesitating ahead of the key Thb31.65-78 region

where the 100-DMA and LT bear channel top are situated. Bulls now look for a

close above the channel top to initially pressure Thb31.92-32.06 with above

Thb32.06 to target the 200-DMA (Thb32.39). Bears now need a close below Thb31.50

to gain breathing room and below the 21-DMA to shift initial focus back to 2018

lows (Thb31.07).

     DOLLAR-IDR TECHS: Idr13875 Support Remains Key

*RES 4: Idr14620 - Low Oct 1 2015 now resistance 

*RES 3: Idr14480 - Low Oct 5 2015 now resistance 

*RES 2: Idr14090 - Monthly High Dec 14 2015 

*RES 1: Idr13975 - 2016 High Jan 7, Weekly Bollinger top

*PRICE: Idr13885 @ 2300GMT

*SUP 1: Idr13875 - High Apr 20 now support 

*SUP 2: Idr13800 - High Mar 1 now support 

*SUP 3: Idr13739 - 55-DMA 

*SUP 4: Idr13730 - Low Mar 28

*COMMENTARY: Bulls reconfirmed control with an aggressive break of Idr13800 and

the bull channel top Friday resulting continued 2018 & 2+yr highs. Initial

bullish focus remains on 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 Idr13730-739 where the 55-DMA is

situated.

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

[TOPICS: MTABLE]