-
Policy
Policy
Exclusive interviews with leading policymakers that convey the true policy message that impacts markets.
LATEST FROM POLICY: -
EM Policy
EM Policy
Exclusive interviews with leading policymakers that convey the true policy message that impacts markets.
LATEST FROM EM POLICY: -
G10 Markets
G10 Markets
Real-time insight on key fixed income and fx markets.
Launch MNI PodcastsFixed IncomeFI Markets AnalysisCentral Bank PreviewsFI PiFixed Income Technical AnalysisUS$ Credit Supply PipelineGilt Week AheadGlobal IssuanceEurozoneUKUSDeep DiveGlobal Issuance CalendarsEZ/UK Bond Auction CalendarEZ/UK T-bill Auction CalendarUS Treasury Auction CalendarPolitical RiskMNI Political Risk AnalysisMNI Political Risk - US Daily BriefMNI Political Risk - The week AheadElection Previews -
Emerging Markets
Emerging Markets
Real-time insight of emerging markets in CEMEA, Asia and LatAm region
-
Commodities
Commodities
Real-time insight of oil & gas markets
-
Credit
Credit
Real time insight of credit markets
-
Data
-
Global Macro
Global Macro
Actionable insight on monetary policy, balance sheet and inflation with focus on global issuance. Analysis on key political risk impacting the global markets.
Global MacroDM Central Bank PreviewsDM Central Bank ReviewsEM Central Bank PreviewsEM Central Bank ReviewsBalance Sheet AnalysisData AnalysisEurozone DataUK DataUS DataAPAC DataInflation InsightEmployment InsightGlobal IssuanceEurozoneUKUSDeep DiveGlobal Issuance Calendars EZ/UK Bond Auction Calendar EZ/UK T-bill Auction Calendar US Treasury Auction Calendar Chart Packs -
About Us
To read the full story
Sign up now for free trial access to this content.
Please enter your details below.
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.
Real-time Actionable Insight
Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.
Free AccessMNI Dollar-Asia Morning FX Technical Analysis
3 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: Sgd1.3384 - 200-DMA
*RES 2: Sgd1.3372 - Bollinger band top
*RES 1: Sgd1.3369 - High Jan 10
*PRICE: Sgd1.3356 @ 2300GMT
*SUP 1: Sgd1.3296 - High Apr 25 now support
*SUP 2: Sgd1.3212 - 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 Sgd1.3133-1.3212 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: Broad Sideways Trading Continues
*RES 4: Krw1098.4 - 2018 High Feb 6
*RES 3: Krw1095.9 - 200-DMA
*RES 2: Krw1087.6 - High Mar 1
*RES 1: Krw1085.5 - High Mar 23
*PRICE: Krw1078.3 @ 2300GMT
*SUP 1: Krw1071.4 - 100-DMA
*SUP 2: Krw1064.9 - Low Apr 30
*SUP 3: Krw1063.9 - Daily Bull channel base
*SUP 4: Krw1058.7 - Low Apr 6
*COMMENTARY: Broad sideways trading Krw1052.0-1087.6 continues with the focus
shifting back to the upper end of this region following Wednesday's rally. Bulls
look for a close above Krw1087.6 to break free of the range and initially target
Krw1095.9-1098.4 where 2018 highs and the 200-DMA are located. Bears now look
for a close below Krw1064.9 to shift focus back to the lower end of the defining
Krw1052.0-1087.6 range.
DOLLAR-MYR TECHS: Bulls Need Close Above Myr3.9420
*RES 4: Myr3.9420 - High Jan 22
*RES 3: Myr3.9349 - 100-DMA
*RES 2: Myr3.9327 - 21-WMA
*RES 1: Myr3.9250 - High Mar 16
*PRICE: Myr3.9330 @ 2300GMT
*SUP 1: Myr3.9250 - High Mar 16 now support
*SUP 2: Myr3.8964 - 55-DMA
*SUP 3: Myr3.8917 - 21-DMA
*SUP 4: Myr3.8890 - Low Apr 20
*COMMENTARY: The recovery from 2018 lows sees the pair flirting with the 100-DMA
& 21-WMA with the Myr3.9420 resistance key. Bulls now look for a close above
this level to shift initial focus to Myr3.9830-4026 where the 200-WMA is
located. Initial support is now noted at Myr3.9250 with bears now needing a
close below to ease pressure on key resistance layers and below the 21-DMA to
shift focus back to 2018 lows.
DOLLAR-CNH TECHS: Bulls Need Close Above Cnh6.3870
*RES 4: Cnh6.4475 - High Jan 16
*RES 3: Cnh6.4140 - Alternating daily support/resistance
*RES 2: Cnh6.3870 - Low Jan 19 now resistance
*RES 1: Cnh6.3773 - High Feb 8
*PRICE: Cnh6.3726 @ 2300GMT
*SUP 1: Cnh6.3640 - 100-DMA
*SUP 2: Cnh6.3526 - High Mar 9 now support
*SUP 3: Cnh6.3268 - High Apr 30 now support
*SUP 4: Cnh6.3073 - 55-DMA
*COMMENTARY: Bulls take comfort in the first close above the 100-DMA since June
2017 with immediate focus on Cnh6.3870 today. Bulls now look for a close above
this level to shift focus to Cnh6.4475-4962 where the 200-WMA & 200-DMA are
located. Bears now need a close below Cnh6.3526 to ease renewed bullish pressure
and hint at a correction back to the 55-DMA.
DOLLAR-PHP TECHS: Bulls Need Close Above Php52.170
*RES 4: Php52.483 - High Apr 24
*RES 3: Php52.347 - Bollinger band top
*RES 2: Php52.170 - Low Apr 25 now resistance
*RES 1: Php52.044 - 55-DMA
*PRICE: Php51.927 @ 2300GMT
*SUP 1: Php51.569 - Monthly Low Apr 30
*SUP 2: Php51.433 - 100-DMA
*SUP 3: Php51.400 - Low Feb 9
*SUP 4: Php51.204 - 200-DMA
*COMMENTARY: The recovery from last week's low sees the pair pressuring the
55-DMA. Bulls now look for a close above Php52.170 to end bearish hopes and
return initial focus to 2018 highs. Bears now need a close below the 200-DMA to
hint at a move back to 2018 lows with a close below Php51.030 needed to confirm.
Daily studies are well placed for a fresh leg higher as they correct from
modestly O/S levels.
DOLLAR-THB TECHS: Pressuring Key Resistance Region
*RES 4: Thb32.35 - 200-DMA
*RES 3: Thb32.06 - Alternating daily support/resistance
*RES 2: Thb31.92 - Monthly High Feb 8
*RES 1: Thb31.79 - Bollinger band top
*PRICE: Thb31.77 @ 2300GMT
*SUP 1: Thb31.63 - 100-DMA
*SUP 2: Thb31.45 - Low Apr 30
*SUP 3: Thb31.39 - Alternating daily support/resistance
*SUP 4: Thb31.33 - 55-DMA
*COMMENTARY: The pair is flirting with the LT bear channel top (Thb31.73) off
2017 highs. Bulls look to gain traction above the bear channel top to confirm
focus on Thb31.92-32.06 with above Thb32.06 to target the 200-DMA (Thb32.35).
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: Idr13960 - 2018 High May 2
*PRICE: Idr13885 @ 2300GMT
*SUP 1: Idr13910 - High Apr 30 now support
*SUP 2: Idr13860 - Low Apr 30
*SUP 3: Idr13800 - High Mar 1 now support
*SUP 4: Idr13753 - 55-DMA
*COMMENTARY: Fresh 2018 & 3+yr highs kick started bullish momentum with
immediate focus on 2016 highs and then Idr14480. Daily studies at O/B levels
remain the key concern for bulls. Bears now need a close below Idr13910 to gain
breathing room and below Idr13860 to shift initial focus back to Idr13730-800
where the 55-DMA is located.
--MNI Beijing Bureau; tel: +44 207-862-7435; email: kyle.shortland@mni-news.com
[TOPICS: MTABLE]
To read the full story
Sign up now for free trial access to this content.
Please enter your details below.
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.