MNI Dollar-Asia Morning FX Technical Analysis

14 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 Above 21-DMA

*RES 4: Sgd1.3441 - 55-WMA 

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

*RES 2: Sgd1.3394 - High June 13 

*RES 1: Sgd1.3383 - 21-DMA

*PRICE: Sgd1.3354 @ 2300GMT

*SUP 1: Sgd1.3325 - Low June 8 

*SUP 2: Sgd1.3285 - Low May 4

*SUP 3: Sgd1.3233 - 100-DMA 

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

*COMMENTARY: Bears take comfort in the lack of follow through on the pop above

the 21-DMA Wednesday that leaves the pair looking a little heavy. 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 Sgd1.3285 to confirm a break of the 55-DMA and initial focus on

Sgd1.3173-1.3233 where the 100-DMA is noted.

     DOLLAR-WON TECHS: 200-DMA Caps, Confirms Significance

*RES 4: Krw1098.9 - 55-WMA

*RES 3: Krw1098.4 - 2018 High Feb 6

*RES 2: Krw1087.9 - 200-DMA

*RES 1: Krw1086.9 - Bollinger band top

*PRICE: Krw1085.0 @ 2300GMT

*SUP 1: Krw1077.9 - High June 8 now support

*SUP 2: Krw1072.5 - 55-DMA

*SUP 3: Krw1063.3 - Low May 10

*SUP 4: Krw1058.7 - Low Apr 19

*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 (Krw1098.9). Bears now need a close below Krw1077.9 to gain breathing

room and below the 55-DMA to return focus to Krw1063.3.

     DOLLAR-MYR TECHS: Bulls Focused On 200 DMA & WMAs

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

*RES 3: Myr4.0258 - 200-DMA 

*RES 2: Myr4.0140 - High Jan 10 

*RES 1: Myr4.0131 - 200-WMA

*PRICE: Myr3.9920 @ 2300GMT

*SUP 1: Myr3.9774 - 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: The 21-DMA has supported the past couple of weeks resulting in a

break of Myr3.9930 and bulls focusing on Myr4.0131-0258 where 200-DMA and WMAs

are situated. Daily studies have room to move before O/B is an issue although

the Bollinger top (Myr3.9926) limits follow through. Bears continue to look for

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.

     DOLLAR-CNH TECHS: Flirting With 21-DMA

*RES 4: Cnh6.4475 - High Jan 16 

*RES 3: Cnh6.4322 - High May 30 

*RES 2: Cnh6.4179 - High June 4 

*RES 1: Cnh6.4096 - High June 5

*PRICE: Cnh6.3879 @ 2300GMT

*SUP 1: Cnh6.3875 - 21-DMA

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

*SUP 3: Cnh6.3396 - 55-DMA

*SUP 4: Cnh6.3301 - 21-WMA

*COMMENTARY: Pressure has 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 6.3268-3396

where 55 & 100-DMAs and the 21-WMA are located. Bulls now need a close above

Cnh6.4096 to gain breathing room and above Cnh6.4322 to reconfirm focus on

200-DMA and WMAs Cnh6.4525-5021.

     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: Php53.299 - 2018 High June 13

*PRICE: Php53.275 @ 2300GMT

*SUP 1: Php53.147 - High June 12 now support 

*SUP 2: Php52.945 - Low June 12 

*SUP 3: Php52.773 - High May 30 now support 

*SUP 4: Php52.490 - Low June 8

*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 (Php53.230)

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

Php53.147 with bears needing a close below to gain breathing room and below

Php52.773 to shift focus to Php52.056-490.

     DOLLAR-THB TECHS: Flirting With 200-DMA

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

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

*RES 2: Thb32.20 - High June 13 

*RES 1: Thb32.18 - Bollinger band top

*PRICE: Thb32.12 @ 2300GMT

*SUP 1: Thb32.04 - 21-DMA 

*SUP 2: Thb31.92 - Low June 11 

*SUP 3: Thb31.82 - Low May 28 

*SUP 4: Thb31.75 - Low May 14

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

Bulls now look for a close above Thb32.20 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 the 21-DMA to ease pressure on

the 200-DMA and below Thb31.75 to see 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: Idr13997 - 21-DMA 

*RES 1: Idr13965 - Low May 30 now resistance

*PRICE: Idr13925 @ 2300GMT

*SUP 1: Idr13914 - 55-DMA 

*SUP 2: Idr13830 - Low June 6 

*SUP 3: Idr13800 - High Mar 1 now support 

*SUP 4: Idr13791 - 100-DMA

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

bearish pressure and 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 Idr13791-13800 where the 100-DMA

is located.

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

[TOPICS: MTABLE]