MNI Dollar-Asia Morning FX Technical Analysis

2 May 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: Immediate Focus On Sgd1.3369-1.3415

*RES 4: Sgd1.3415 - Low Dec 1 now resistance 

*RES 3: Sgd1.3385 - 200-DMA 

*RES 2: Sgd1.3369 - High Jan 10 

*RES 1: Sgd1.3343 - High May 1

*PRICE: Sgd1.3335 @ 2300GMT

*SUP 1: Sgd1.3296 - High Apr 25 now support 

*SUP 2: Sgd1.3213 - 100-DMA 

*SUP 3: Sgd1.3197 - High Apr 6 now support 

*SUP 4: Sgd1.3173 - High Apr 20

*COMMENTARY: Support emerging on dips back towards Sgd1.3197 sees bulls firmly

focused on Sgd1.3369-1.3415 where the 200-DMA is located. Bears now look for a

close below Sgd1.3296 to gain breathing room and increase the likelihood of a

correction back to Sgd1.3133-1.3213 where key DMAs are noted. Bulls now look for

a close above Sgd1.3415 to shift initial focus to Sgd1.3498-1.3538.

     DOLLAR-WON TECHS: Topside Hesitation Takes Its Toll

*RES 4: Krw1096.1 - 200-DMA

*RES 3: Krw1087.6 - High Mar 1

*RES 2: Krw1085.5 - High Mar 23

*RES 1: Krw1075.3 - Low Apr 26 now resistance

*PRICE: Krw1069.5 @ 2300GMT

*SUP 1: Krw1064.9 - Low Apr 30

*SUP 2: Krw1063.3 - Daily Bull channel base

*SUP 3: Krw1058.7 - Low Apr 6

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

*COMMENTARY: Failure to trouble Krw1085.5-1087.6 ton the recovery from 2018 lows

resulted in a sell-off last week and focus back to Krw1058.7-1064.9 where the

daily bull channel base is located. Bulls now need a close above Krw1075.3 to

gain breathing room and return immediate pressure to Krw1085.5-1087.6. While

Krw1075.3 caps bears retain the advantage but need a close below Krw1058.7 to

reconfirm initial focus on 2018 lows.

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

*RES 4: Myr3.9420 - High Jan 22 

*RES 3: Myr3.9349 - 100-DMA 

*RES 2: Myr3.9321 - 21-WMA 

*RES 1: Myr3.9250 - High Mar 16

*PRICE: Myr3.9150 @ 2300GMT

*SUP 1: Myr3.8961 - 55-DMA 

*SUP 2: Myr3.8890 - Low Apr 20 

*SUP 3: Myr3.8884 - 21-DMA 

*SUP 4: Myr3.8700 - Low Apr 12

*COMMENTARY: Bulls take comfort closes above the 55-DMA that sees focus 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 (Myr3.9893). Bears now need a

close below the 21-DMA to ease bullish pressure and below Myr3.8700 to return

immediate pressure to 2018 lows.

     DOLLAR-CNH TECHS: Bulls Focused On Cnh6.3526-3870

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

*RES 3: Cnh6.3773 - High Feb 8 

*RES 2: Cnh6.3660 - 100-DMA 

*RES 1: Cnh6.3526 - High Mar 9

*PRICE: Cnh6.3252 @ 2300GMT

*SUP 1: Cnh6.3049 - 55-DMA

*SUP 2: Cnh6.2958 - 21-DMA

*SUP 3: Cnh6.2913 - Low Apr 24

*SUP 4: Cnh6.2538 - Low Apr 2

*COMMENTARY: Gains 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 (Cnh6.4962) & 200-WMA

(Cnh6.4960) 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: Php51.905-52.170 Resistance Region Now Key

*RES 4: Php52.350 - Bollinger band top 

*RES 3: Php52.170 - Low Apr 25 now resistance 

*RES 2: Php52.041 - 55-DMA 

*RES 1: Php51.905 - High May 1

*PRICE: Php51.789 @ 2300GMT

*SUP 1: Php51.569 - Monthly Low Apr 30 

*SUP 2: Php51.430 - 100-DMA 

*SUP 3: Php51.400 - Low Feb 9 

*SUP 4: Php51.204 - 200-DMA

*COMMENTARY: Bears take comfort in the sell-off from Apr highs (Php52.483 that

sees focus back on the 100 & 200-DMAs. Bears look for a close below Php51.030 to

confirm a break of the 200-DMA and to shift overall focus back to 2018 lows.

Bulls now need a close above Php51.905 to gain breathing room and above

Php52.170 to confirm a break of the 55-DMA and shift focus back to

Php52.483-560.

     DOLLAR-THB TECHS: Pressuring Key Resistance Region

*RES 4: Thb32.36 - 200-DMA 

*RES 3: Thb32.06 - Alternating daily support/resistance 

*RES 2: Thb31.92 - Monthly High Feb 8 

*RES 1: Thb31.74 - High Feb 12, LT Bear channel top off 2017 high

*PRICE: Thb31.69 @ 2300GMT

*SUP 1: Thb31.64 - 100-DMA 

*SUP 2: Thb31.45 - Low Apr 30 

*SUP 3: Thb31.39 - Alternating daily support/resistance 

*SUP 4: Thb31.35 - 21-DMA

*COMMENTARY: The pair is now hesitating ahead of the LT bear channel top off

2017 highs. 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 (Thb32.36).

Bears now need a close below the 100-DMA to gain breathing room and below the

55-DMA to shift initial focus back to 2018 lows (Thb31.07).

     DOLLAR-IDR TECHS: O/B Studies Remain A Concern

*RES 4: Idr14480 - Low Oct 5 2015 now resistance 

*RES 3: Idr14090 - Monthly High Dec 14 2015 

*RES 2: Idr13975 - 2016 High Jan 7 

*RES 1: Idr13930 - 2018 High Apr 26

*PRICE: Idr13885 @ 2300GMT

*SUP 1: Idr13860 - Low Apr 30 

*SUP 2: Idr13800 - High Mar 1 now support 

*SUP 3: Idr13753 - 55-DMA 

*SUP 4: Idr13730 - Low Mar 28

*COMMENTARY: The lack of follow through on 2018 highs is a concern for bulls

when combined with daily studies looking to correct from O/B. Bears now need a

close below Idr13860 to ease bullish pressure and below Idr13800 to shift

initial focus back to Idr13730-753 where the 55-DMA is located. Bulls now need a

close above Idr13930 to reconfirm initial focus on 2016 highs.

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

[TOPICS: MTABLE]