MNI Dollar-Asia Morning FX Technical Analysis

13 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: Sgd1.3417 Resistance Key This Week

*RES 4: Sgd1.3441 - 55-WMA 

*RES 3: Sgd1.3417 - Low May 29 now resistance 

*RES 2: Sgd1.3385 - 21-DMA 

*RES 1: Sgd1.3376 - High June 12

*PRICE: Sgd1.3365 @ 2300GMT

*SUP 1: Sgd1.3325 - Low June 8 

*SUP 2: Sgd1.3285 - Low May 4, 55-DMA 

*SUP 3: Sgd1.3231 - 100-DMA 

*SUP 4: Sgd1.3197 - High Apr 6 now support

*COMMENTARY: Despite closes below the 200-DMA (Sgd1.3355) the lack of downside

follow through last week with 55 & 100-DMAs lurking below is less than ideal for

bears. Bulls continue to look for a close above Sgd1.3417 to confirm a break of

the 21-DMA, end bearish hopes and return focus to Sgd1.3497-1.3538. Bears now

look for a close below the 55-DMA to confirm initial focus on Sgd1.3173-1.3231

where the 100-DMA is noted.

     DOLLAR-WON TECHS: 200-DMA Resistance Key This Week

*RES 4: Krw1098.4 - 2018 High Feb 6

*RES 3: Krw1088.1 - 200-DMA

*RES 2: Krw1087.6 - High Mar 1

*RES 1: Krw1086.7 - High May 21

*PRICE: Krw1080.5 @ 2300GMT

*SUP 1: Krw1072.0 - 55-DMA

*SUP 2: Krw1063.3 - Low May 10

*SUP 3: Krw1058.7 - Low Apr 19

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

*COMMENTARY: Broad sideways trading continues with the 200-DMA resistance

remaining key topside. Bulls continue to look for a close above the 200-DMA to

confirm a break higher with immediate focus shifting to test of 2018 highs and

the 55-WMA (Krw1098.6). Bears now need a close below the 55-DMA to gain

breathing room and below Krw1063.3 to confirm a break lower and shift immediate

focus to tests of 2018 lows.

     DOLLAR-MYR TECHS: Myr3.9620 Support Remains Key

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

*RES 3: Myr4.0270 - High Jan 3 

*RES 2: Myr4.0131 - 200-WMA 

*RES 1: Myr3.9930 - High May 30

*PRICE: Myr3.9880 @ 2300GMT

*SUP 1: Myr3.9756 - 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: A lack of topside follow through on 2018 highs saw the pair drift

back to find support around the 21-DMA. Bears need a close below Myr3.9620 to

confirm a break of the 21-DMA, easing bullish pressure, and below the 100-DMA

(Myr3.91784 to hint at a move back to 2018 lows. Bulls continue to look for a

close above Myr3.9930 to reconfirm focus on Myr4.0131-4.0270 where 200-DMA and

WMAs are noted.

     DOLLAR-CNH TECHS: Bears Need Close Below 21-DMA

*RES 4: Cnh6.4531 - 200-DMA 

*RES 3: Cnh6.4475 - High Jan 16 

*RES 2: Cnh6.4322 - High May 30 

*RES 1: Cnh6.4179 - High June 4

*PRICE: Cnh6.3966 @ 2300GMT

*SUP 1: Cnh6.3863 - 21-DMA

*SUP 2: Cnh6.3642 - High May 22 now support

*SUP 3: Cnh6.3307 - 21-WMA

*SUP 4: Cnh6.3278 - 100-DMA

*COMMENTARY: Pressure returned to the 21-DMA with the rally having stalled ahead

of the 200-DMA for now. Bears now look for a close below Cnh6.3642 to confirm a

break of the 21-DMA and to shift initial focus back to 6.3278-3378 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 Cnh6.4531-5022.

     DOLLAR-PHP TECHS: Bears Need Close Below Php52.773

*RES 4: Php53.990 - 2006 High June 16 

*RES 3: Php53.620 - High June 29 2006 

*RES 2: Php53.440 - Low June 28 2006 now resistance 

*RES 1: Php53.147 - 2018 High June 12

*PRICE: Php53.037 @ 2300GMT

*SUP 1: Php52.773 - High May 30 now support 

*SUP 2: Php52.490 - Low June 8 

*SUP 3: Php52.267 - Low June 6 

*SUP 4: Php52.215 - 55-DMA

*COMMENTARY: Fresh 2018 & nearly 12 year highs continue with bulls now focused

on Php53.440-990 where levels last seen in June 2006 are located. Daily studies

have room to move before O/B is an issue although the Bollinger top (Php53.062)

is a concern and currently limits follow through. Initial support is noted at

Php52.773. Bears now need a close below this level to ease bullish pressure and

shift focus to Php52.056-490.

     DOLLAR-THB TECHS: Thb32.18 Now Key Resistance

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

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

*RES 2: Thb32.18 - High May 30 

*RES 1: Thb32.17 - Bollinger band top, 200-DMA

*PRICE: Thb32.09 @ 2300GMT

*SUP 1: Thb31.92 - Low June 11 

*SUP 2: Thb31.82 - Low May 28 

*SUP 3: Thb31.75 - Low May 14 

*SUP 4: Thb31.69 - 55-DMA

*COMMENTARY: Bulls gain confidence as pressure returns to the 200-DMA this week.

Bulls now look for a close above Thb32.18 to confirm a break of the 200-DMA and

shift immediate focus to Thb32.39-58 and overall focus to Thb32.92. Layers of

support remain with bears needing a close below Thb31.75 to confirm an easing of

bullish pressure and to sees focus return to Thb31.54-69 where 55 & 100-DMAs are

situated.

     DOLLAR-IDR TECHS: Bulls Need Close Above Idr13965

*RES 4: Idr14110 - Alternating daily support/resistance 

*RES 3: Idr14080 - High May 28 now support 

*RES 2: Idr14002 - 21-DMA 

*RES 1: Idr13965 - Low May 30 now resistance

*PRICE: Idr13925 @ 2300GMT

*SUP 1: Idr13911 - 55-DMA 

*SUP 2: Idr13830 - Low June 6 

*SUP 3: Idr13800 - High Mar 1 now support 

*SUP 4: Idr13785 - 100-DMA

*COMMENTARY: Bulls take comfort in the close above the 55-DMA Friday easing

bearish pressure and a becoming a concern for bears when combined with

correcting O/S daily studies. Bulls look for a close above Idr13965 to hint at a

correction back to Idr14080-14110 with above the 21-DMA to confirm. Bears now

look for a close back below the 55-DMA to retain focus on Idr13785-13800 where

the 100-DMA is located.

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

[TOPICS: MTABLE]