Trial now
USDCAD TECHS

Needle Still Points South

US TSYS

Yields Bounce as Equities Make New Monthly Highs

AUDUSD TECHS

Heading North

EURJPY TECHS

Bull Rally Accelerates

COLOMBIA

Economists Survey Raises 2021 CPI Forecast To 4.9%

5 June 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: Lacks Follow Through Below 200-DMA
*RES 4: Sgd1.3496 - High Dec 18 
*RES 3: Sgd1.3489 - 2018 High May 10 
*RES 2: Sgd1.3450 - 55-WMA 
*RES 1: Sgd1.3417 - Low May 29 now resistance
*PRICE: Sgd1.3365 @ 2300GMT
*SUP 1: Sgd1.3328 - Low June 4 
*SUP 2: Sgd1.3285 - Low May 4 
*SUP 3: Sgd1.3261 - 55-DMA 
*SUP 4: Sgd1.3221 - 100-DMA
*COMMENTARY: Dips below the 200-DMA (Sgd1.3360) continue to lack follow through
with bears now needing a close below Sgd1.3328 to confirm a break and shift
initial focus to Sgd1.3197-1.3285 where 55 &100-DMAs are located. Bulls now need
a close above Sgd1.3417 to gain breathing room and above Sgd1.3538 to confirm
traction above the 55-WMA and to focus on 200 (Sgd1.3625) & 100 (Sgd1.3679)
WMAs.
     DOLLAR-WON TECHS: Gaining Traction Below 55-DMA
*RES 4: Krw1089.6 - 200-DMA
*RES 3: Krw1087.6 - High Mar 1
*RES 2: Krw1086.7 - High May 21
*RES 1: Krw1071.8 - 55-DMA
*PRICE: Krw1070.7 @ 2300GMT
*SUP 1: Krw1065.6 - Bollinger band base
*SUP 2: Krw1063.3 - Low May 10
*SUP 3: Krw1058.7 - Low Apr 19
*SUP 4: Krw1052.0 - 2018 Low Apr 2
*COMMENTARY: Bears take comfort in closes below the 55-DMA with immediate
bearish focus on Krw1063.3 and a close below this level needed to initially
target 2018 lows (Krw1052.0). Bulls continue to look for a close above the
55-DMA to gain breathing room and return focus to Krw1086.7-1089.6 where the
200-DMA is located. The Bollinger base is the key concern for bears with
potential to limit follow through.
     DOLLAR-MYR TECHS: Myr3.9620 Support Now Key
*RES 4: Myr4.0450 - Monthly Low Dec 5 now resistance 
*RES 3: Myr4.0260 - High Jan 3 
*RES 2: Myr4.0088 - 200-WMA 
*RES 1: Myr3.9930 - High May 30
*PRICE: Myr3.9700 @ 2300GMT
*SUP 1: Myr3.9663 - 21-DMA 
*SUP 2: Myr3.9620 - Low May 22 
*SUP 3: Myr3.9400 - Low May 14 
*SUP 4: Myr3.9250 - High Mar 16 now support
*COMMENTARY: Fresh 4mth highs continued Tuesday with immediate focus on the
200-WMA. Bulls need a close above the 200-WMA to initially target the 200-DMA
(Myr4.0356). Modestly O/B daily studies remain a concern for bulls as does the
Bollinger top (Myr3.9943). Bears now need a close below Myr3.9620 to ease
bullish pressure and below the 100-DMA (Myr3.9162) to hint at a move back to
2018 lows.
     DOLLAR-CNH TECHS: Cnh6.3889 Support Key Today
*RES 4: Cnh6.4657 - Low Jan 8 now resistance 
*RES 3: Cnh6.4581 - 200-DMA 
*RES 2: Cnh6.4475 - High Jan 16 
*RES 1: Cnh6.4322 - High May 30
*PRICE: Cnh6.4032 @ 2300GMT
*SUP 1: Cnh6.3889 - High May 25 now support
*SUP 2: Cnh6.3735 - 21-DMA
*SUP 3: Cnh6.3642 - High May 22 now support
*SUP 4: Cnh6.3309 - 21-WMA
*COMMENTARY: The rally from dips back to the 21-DMA is now hesitating ahead of
the 200-DMA with daily studies looking to correct from modestly O/B levels less
than ideal for bulls. Bears look for a close below Cnh6.3642 to confirm a break
of the 21-DMA and to shift initial focus back to 6.3268-3309 where 55 & 100-DMAs
and the 21-WMA are located. Bulls now need a close above Cnh6.4322 to reconfirm
focus on 200-DMA and WMAs.
     DOLLAR-PHP TECHS: Bears Need Close Below 21-DMA
*RES 4: Php53.071 - High July 3 2006 
*RES 3: Php52.940 - High July 25 2006 
*RES 2: Php52.817 - Bollinger band top 
*RES 1: Php52.773 - 2018 High May 30
*PRICE: Php52.629 @ 2300GMT
*SUP 1: Php52.374 - 21-DMA 
*SUP 2: Php52.161 - 55-DMA 
*SUP 3: Php52.056 - High May 10 now support 
*SUP 4: Php51.955 - Daily Bull channel base
*COMMENTARY: Support emerging on dips back towards the 21 & 55-DMAs resulted in
fresh 2018 & nearly 12yr highs although follow through has been lacking courtesy
of the Bollinger band top. Bulls focus on Php53.940-53.071 last seen in July
2006. The 21-DMA is noted at Php52.374 with bears now needing a close below to
gain breathing room and target a correction back to Php51.953-161 where the 5 &
100-DMAs and daily bull channel base are found.
     DOLLAR-THB TECHS: Hesitating Ahead Of 200-DMA
*RES 4: Thb32.58 - 2018 High Jan 2 
*RES 3: Thb32.39 - Low Jan 2 now support 
*RES 2: Thb32.21 - 200-DMA 
*RES 1: Thb32.18 - High May 30
*PRICE: Thb31.99 @ 2300GMT
*SUP 1: Thb31.82 - Low May 28 
*SUP 2: Thb31.75 - Low May 14 
*SUP 3: Thb31.60 - 55-DMA 
*SUP 4: Thb31.58 - Low May 3
*COMMENTARY: Hesitation ahead of the 200-DMA has left the pair looking a little
offered with focus back on the Thb31.75-82 support region today. Bears now look
for a close below Thb31.75 to shift initial focus back to Thb31.54-60 where 55 &
100-DMAs are situated. Bulls now need a close above the 200-DMA to shift
immediate focus to Thb32.39-58 and overall focus to Thb32.92.
     DOLLAR-IDR TECHS: Bulls Need Close Above Idr13965
*RES 4: Idr14080 - High May 28 now support 
*RES 3: Idr14037 - 21-DMA 
*RES 2: Idr13965 - Low May 30 now resistance 
*RES 1: Idr13895 - 55-DMA
*PRICE: Idr13867 @ 2300GMT
*SUP 1: Idr13800 - High Mar 1 now support 
*SUP 2: Idr13751 - 100-DMA 
*SUP 3: Idr13730 - Low Mar 28 
*SUP 4: Idr13688 - High Feb 22 now support
*COMMENTARY: The correction lower from 2018 highs continues with the close below
the 55-DMA adding weight to the case for a move back to Idr13688-751 where the
100-DMA is noted. Daily studies approaching O/S is less than ideal for bears. In
saying that, bulls now need a close above Idr13965 to gain breathing room and
above Idr14110 to return initial pressure to 2018 highs.
--MNI Beijing Bureau; tel: +44 207-862-7435; email: kyle.shortland@mni-news.com
[TOPICS: MTABLE]