MNI Dollar-Asia Morning FX Technical Analysis

16 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: Bears Need Close Below 200-DMA

*RES 4: Sgd1.3538 - High Dec 12 

*RES 3: Sgd1.3496 - High Dec 18 

*RES 2: Sgd1.3489 - 2018 High May 10 

*RES 1: Sgd1.3483 - 55-WMA

*PRICE: Sgd1.3453 @ 2300GMT

*SUP 1: Sgd1.3413 - Hourly resistance May 10 now support 

*SUP 2: Sgd1.3375 - 200-DMA 

*SUP 3: Sgd1.3306 - 21-DMA 

*SUP 4: Sgd1.3285 - Low May 4

*COMMENTARY: Pressure has returned to the 55-WMA that capped last week following

support emerging on dips back to the 21-DMA. The close above the 200-DMA adds

support to the case for the break of Sgd1.3538 needed to confirm focus on the

200-WMA (Sgd1.3611). Bears now need a close below the 200-DMA to ease bullish

pressure and below Sgd1.3285 to shift focus to Sgd1.3133-1.3207 where 55 &

100-DMAs are noted.

     DOLLAR-WON TECHS: Broad Sideways Trading Continues

*RES 4: Krw1093.6 - 200-DMA

*RES 3: Krw1087.6 - High Mar 1

*RES 2: Krw1085.5 - High Mar 23

*RES 1: Krw1082.7 - High May 9

*PRICE: Krw1079.4 @ 2300GMT

*SUP 1: Krw1073.6 - 21-DMA

*SUP 2: Krw1063.3 - Low May 10

*SUP 3: Krw1062.5 - Bollinger band base

*SUP 4: Krw1058.7 - Low Apr 19

*COMMENTARY: The pair is pressuring the Krw1082.7-1087.6 resistance region once

again as broad Krw1052.0-1087.6 sideways trading persists. Bulls continue to

look for a close above Krw1087.6 to confirm focus on Krw1093.6-1098.4 where the

200-DMA and 2018 high are located. Bears now need a close below the 21-DMA to

return pressure to Krw1063.3 and below this level to initially target 2018 lows

(Krw1052.0).

     DOLLAR-MYR TECHS: 200-WMA Resistance Now Key

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

*RES 3: Myr4.0260 - High Jan 3 

*RES 2: Myr3.9971 - 200-WMA 

*RES 1: Myr3.9850 - High May 14

*PRICE: Myr3.9540 @ 2300GMT

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

*SUP 2: Myr3.9214 - 100-DMA 

*SUP 3: Myr3.9036 - 55-DMA 

*SUP 4: Myr3.8890 - Low Apr 20

*COMMENTARY: An aggressive spike to start the new week lacked topside traction

and was rejected ahead of the 200-WMA. O/B daily studies remain a key concern

for bulls. In saying that, bears now need a close below the 100-DMA to ease

bullish pressure and below Myr3.8890 to shift focus back to 2018 lows. Bulls now

look for a close above the 200-WMA to confirm focus on the 200-DMA (Myr4.0573).

     DOLLAR-CNH TECHS: Cnh6.3870 Resistance Now Key

*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: Cnh6.3835 - High May 9

*PRICE: Cnh6.3668 @ 2300GMT

*SUP 1: Cnh6.3438 - 100-DMA

*SUP 2: Cnh6.3299 - 21-DMA

*SUP 3: Cnh6.3118 - 55-DMA

*SUP 4: Cnh6.2913 - Low Apr 24

*COMMENTARY: Support around the 21-DMA has provided the base for a bounce back

towards Cnh6.3835-70 and a close above the 100-DMA. Bulls continue to look for a

close above Cnh6.3870 to shift initial focus to Cnh6.4140 and overall focus to

Cnh6.4475-5017 where 200-DMA (Cnh6.4776) & 200-WMAs (Cnh6.4976) are situated.

Bears now need a close below the 55-DMA to ease bullish pressure and below

Cnh6.2913 to shift initial focus back to 2018 lows.

     DOLLAR-PHP TECHS: Focus Shifts To Php52.940-53.071

*RES 4: Php53.071 - High July 3 2006 

*RES 3: Php52.940 - High July 25 2006 

*RES 2: Php52.677 - 2018 High May 15 

*RES 1: Php52.540 - Bollinger band top

*PRICE: Php52.471 @ 2300GMT

*SUP 1: Php52.260 - Low May 15 

*SUP 2: Php51.170 - Alternating daily support/resistance 

*SUP 3: Php52.056 - High May 10 now resistance 

*SUP 4: Php52.037 - 55-DMA

*COMMENTARY: Gains continued Monday with fresh 2018 & 12yr highs Tuesday

confirming bullish focus on Php52.940-53.071 where levels last seen in July 2006

are found. The Bollinger top and O/B studies remain key concerns for bulls. In

saying that, bears now need a close below Php52.260 to ease bullish pressure and

shift initial focus back to Php52.019-037 where 21 & 55-DMAs are situated.

     DOLLAR-THB TECHS: Support Emerging On Dips

*RES 4: Thb32.58 - 2018 High Jan 2 

*RES 3: Thb32.39 - Low Jan 2 now support 

*RES 2: Thb32.29 - 200-DMA 

*RES 1: Thb32.22 - High May 10

*PRICE: Thb32.13 @ 2300GMT

*SUP 1: Thb31.75 - Low May 14 

*SUP 2: Thb31.69 - 21-DMA 

*SUP 3: Thb31.58 - Low May 3 

*SUP 4: Thb31.41 - 55-DMA

*COMMENTARY: Support emerging on dips has provided the impetus for a bounce back

towards layers of resistance Thb32.22-39 where the 200-DMA is located. Bulls now

need a close above Thb32.39 to confirm a break of the 200-DMA and initially

target the 55-WMA (Thb32.71). Layers of support remain with bears needing a

close below the 55-DMA now to shift focus back to 2018 lows.

     DOLLAR-IDR TECHS: Bears Need Close Below Idr13910

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

*RES 3: Idr14098 - Bollinger band top 

*RES 2: Idr14090 - Monthly High Dec 14 2015 

*RES 1: Idr14050 - Alternating daily support/resistance

*PRICE: Idr14032 @ 2300GMT

*SUP 1: Idr13985 - High May 14 now support 

*SUP 2: Idr13925 - 21-DMA 

*SUP 3: Idr13910 - High Apr 30 now support 

*SUP 4: Idr13860 - Low Apr 30

*COMMENTARY: Bulls take comfort in support emerging ahead of the 21-DMA with

pressure back on 2018 highs. Bulls look for a close above the 2018 high to

reconfirm a bullish bias and initially target Idr14480. O/B studies and the

Bollinger top are key concerns for bulls. bears now need a close below Idr13910

to confirm a break of the 21-DMA and below Idr13800 to shift focus lower.

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

[TOPICS: MTABLE]