MNI Dollar-Asia Morning FX Technical Analysis

10 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 Sgd1.3494-1.3538

*RES 4: Sgd1.3607 - 200-WMA 

*RES 3: Sgd1.3538 - High Dec 8 

*RES 2: Sgd1.3496 - High Dec 18 

*RES 1: Sgd1.3494 - 55-WMA

*PRICE: Sgd1.3461 @ 2300GMT

*SUP 1: Sgd1.3415 - Alternating daily support/resistance 

*SUP 2: Sgd1.3380 - 200-DMA 

*SUP 3: Sgd1.3373 - High May 7 now support 

*SUP 4: Sgd1.3285 - Low May 4

*COMMENTARY: Bulls take comfort as the pair gains traction above the 200-DMA

with immediate focus now on Sgd1.3494-1.3538 where the 55-WMA is noted. O/B

studies remain the key concern for bulls as support layers accumulate. Bears now

need a close below Sgd1.3373 to confirm an easing of bullish pressure and to

shift focus back to Sgd1.3173-1.3285 where 21, 55 & 100-DMAs are situated.

     DOLLAR-WON TECHS: Broad Sideways Trading Continues

*RES 4: Krw1094.8 - 200-DMA

*RES 3: Krw1087.6 - High Mar 1

*RES 2: Krw1085.5 - High Mar 23

*RES 1: Krw1082.7 - High May 9

*PRICE: Krw1078.0 @ 2300GMT

*SUP 1: Krw1073.3 - 21-DMA

*SUP 2: Krw1070.7 - 55-DMA

*SUP 3: Krw1066.5 - Daily Bull channel base

*SUP 4: Krw1064.9 - Low Apr 30

*COMMENTARY: Broad sideways trading Krw1052.0-1087.6 continues with the focus

shifting back to the upper end of this region following last Wednesday's rally.

Bulls look for a close above Krw1087.6 to break free of the range and initially

target Krw1094.8-1098.4 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: Bears Need Close Below Myr3.9250

*RES 4: Myr4.0450 - Monthly Low Dec 5 now resistance 

*RES 3: Myr4.0260 - High Jan 3 

*RES 2: Myr3.9932 - 200-WMA 

*RES 1: Myr3.9830 - Low Jan 8 now resistance

*PRICE: Myr3.9480 @ 2300GMT

*SUP 1: Myr3.9250 - High Mar 16 now support 

*SUP 2: Myr3.9094 - 21-DMA 

*SUP 3: Myr3.9007 - 55-DMA 

*SUP 4: Myr3.8890 - Low Apr 20

*COMMENTARY: The recovery from 2018 lows sees the pair gaining traction above

the 100-DMA (Myr3.9265) with focus now on tests of the 200-WMA. Bulls now need a

close above the 200-WMA to shift focus to Myr4.0260-0639 where the 200-DMA is

noted. O/B studies are the key concern for bulls. Bears now look for a close

below Myr3.9250 to ease bullish pressure and below Myr3.8890 to shift focus back

to 2018 lows.

     DOLLAR-CNH TECHS: Bulls Need Close Above Cnh6.3870

*RES 4: Cnh6.4851 - 200-DMA 

*RES 3: Cnh6.4475 - High Jan 16 

*RES 2: Cnh6.4140 - Alternating daily support/resistance 

*RES 1: Cnh6.3870 - Low Jan 19 now resistance

*PRICE: Cnh6.3641 @ 2300GMT

*SUP 1: Cnh6.3523 - 100-DMA

*SUP 2: Cnh6.3402 - Low May 3

*SUP 3: Cnh6.3268 - High Apr 30 now support

*SUP 4: Cnh6.3102 - 55-DMA

*COMMENTARY: Bulls have failed to capitalise on the closes above the 100-DMA

with the pair rejected ahead of the key Cnh6.3870 resistance. Bulls continue to

look for a close above this level to shift focus to Cnh6.4475-4969 where the

200-WMA & 200-DMA are located. Bears now need a close below Cnh6.3402 to gain

breathing room and below Cnh6.2913 to confirm breaks of 21 & 55-DMAs and to

shift initial focus back to 2018 lows.

     DOLLAR-PHP TECHS: Bulls Need Close Above Php52.170

*RES 4: Php52.483 - High Apr 24 

*RES 3: Php52.352 - Bollinger band top 

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

*RES 1: Php52.044 - High May 9

*PRICE: Php51.973 @ 2300GMT

*SUP 1: Php51.809 - Low May 8 

*SUP 2: Php51.538 - Low May 4 

*SUP 3: Php51.527 - 100-DMA 

*SUP 4: Php51.400 - Low Feb 9

*COMMENTARY: Follow through on pops above 21 & 55-DMAs remains lacking although

bulls take comfort in support layers building. Bears now look for a close below

Php51.809 to ease pressure on DMAs and shift focus back to Php51.248-538 where

100 & 200-DMAs are located. Bulls continue to look for a close above Php52.170

to end bearish hopes and return initial focus to 2018 highs.

     DOLLAR-THB TECHS: Bulls Focused On 200-DMA

*RES 4: Thb32.76 - 55-WMA 

*RES 3: Thb32.58 - 2018 High Jan 2 

*RES 2: Thb32.39 - Low Jan 2 now support 

*RES 1: Thb32.32 - 200-DMA

*PRICE: Thb32.12 @ 2300GMT

*SUP 1: Thb32.06 - Alternating daily support/resistance 

*SUP 2: Thb31.98 - High May 8 now support 

*SUP 3: Thb31.80 - High May 7 now support 

*SUP 4: Thb31.58 - Low May 3

*COMMENTARY: Gains have defined the week so far with immediate bullish focus now

on Thb32.32-39 where the 200-DMA is located. Daily studies at O/B levels remain

the key concern for bulls as layers of support accumulating add to confidence.

bears now need a close below Thb31.98 to ease bullish pressure and below

Thb31.80 to shift initial focus back to Thb31.32-60 where 21, 55 & 100-DMAs are

situated.

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

[TOPICS: MTABLE]