MNI Dollar-Asia Morning FX Technical Analysis

15 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: Bears Need Close Below 21-DMA

*RES 4: Sgd1.3659 - High Nov 6 

*RES 3: Sgd1.3630 - 200-WMA 

*RES 2: Sgd1.3538 - High Dec 8 

*RES 1: Sgd1.3496 - High Dec 18

*PRICE: Sgd1.3449 @ 2300GMT

*SUP 1: Sgd1.3417 - Alternating daily support/resistance 

*SUP 2: Sgd1.3388 - 21-DMA 

*SUP 3: Sgd1.3325 - Low June 8 

*SUP 4: Sgd1.3298 - 55-DMA

*COMMENTARY: Bulls have regained the upper hand with the close above both

Sgd1.3417 and the 55-WMA (Sgd1.3443) adding support to the case for a test of

Sgd1.3496-1.3538. Above Sgd1.3538 is needed to confirm focus on Sgd1.3630-59

where the 200-WMA is situated. Layers of support are following the pair higher

with bears now needing a close below the 21-DMA to gain breathing room and below

Sgd1.3285 to pressure the 100-DMA (Sgd1.3238).

     DOLLAR-WON TECHS: Bulls Focused On 2018 High

*RES 4: Krw1113.0 - Low Nov 14 now resistance

*RES 3: Krw1108.3 - Low Nov 1 now resistance

*RES 2: Krw1098.9 - 55-WMA

*RES 1: Krw1098.4 - 2018 High Feb 6

*PRICE: Krw1090.4 @ 2300GMT

*SUP 1: Krw1087.7 - 200-DMA

*SUP 2: Krw1077.9 - High June 8 now support

*SUP 3: Krw1073.1 - 55-DMA

*SUP 4: Krw1063.3 - Low May 10

*COMMENTARY: The close above the 200-DMA ends the broad sideways trading and

sees bulls now focused on the 2018 high and the 55-WMA. The Bollinger top

(Krw1089.4) is the key concern for bulls with potential to limit follow through.

Bears now need a close below the 200-DMA to gain breathing room and below the

55-DMA to shift focus back to Krw1052.0-1063.3 where 2018 lows are located.

     DOLLAR-MYR TECHS: Myr3.9620 Support Key

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

*RES 3: Myr4.0246 - 200-DMA 

*RES 2: Myr4.0140 - High Jan 10 

*RES 1: Myr4.0131 - 200-WMA

*PRICE: Myr3.9835 @ 2300GMT

*SUP 1: Myr3.9783 - 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 Myr4.0131-0246 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 (Myr3.9202) to hint at a move back to 2018 lows.

     DOLLAR-CNH TECHS: Bulls Focused On 200-DMA While Cnh6.3821 Supports

*RES 4: Cnh6.4657 - Low Jan 8 now resistance 

*RES 3: Cnh6.4522 - 200-DMA 

*RES 2: Cnh6.4475 - High Jan 16 

*RES 1: Cnh6.4322 - High May 30

*PRICE: Cnh6.4169 @ 2300GMT

*SUP 1: Cnh6.4096 - High June 5 now support

*SUP 2: Cnh6.3917 - 21-DMA

*SUP 3: Cnh6.3821 - Low June 14

*SUP 4: Cnh6.3642 - High May 22 now support

*COMMENTARY: Bears failed to gain traction on the dip below the 21-DMA with the

rally and bullish close adding support for a move back to the 200-DMA and then

the 200-WMA (Cnh6.5023). Bears now need a close below Cnh6.3821 to confirm a

break of the 21-DMA and ease bullish pressure with below Cnh6.3642 still needed

to shift focus back to Cnh6.3268-3430 where 55 & 100-DMAs are situated.

     DOLLAR-PHP TECHS: Php52.773-53.147 Support Region Key

*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: Php53.351 - 2018 High June 14

*PRICE: Php53.341 @ 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 focused on

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

O/B is now an issue as is the Bollinger top (Php53.348) which 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: Thb32.23 - High June 14 

*RES 1: Thb32.22 - Bollinger band top

*PRICE: Thb32.20 @ 2300GMT

*SUP 1: Thb32.05 - 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 Thb32.23 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 the 55-DMA (Thb31.73) Thb31.75 to see focus return to

Thb31.54-56 where the 100-DMA is 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: Idr13989 - 21-DMA 

*RES 1: Idr13965 - Low May 30 now resistance

*PRICE: Idr13925 @ 2300GMT

*SUP 1: Idr13917 - 55-DMA 

*SUP 2: Idr13830 - Low June 6 

*SUP 3: Idr13800 - High Mar 1 now support 

*SUP 4: Idr13797 - 100-DMA

*COMMENTARY: Bulls take comfort in the close above the 55-DMA last 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 Idr13797-13800 where the 100-DMA

is located.

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

[TOPICS: MTABLE]