MNI Dollar-Asia Morning FX Technical Analysis

19 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 Sgd1.3486

*RES 4: Sgd1.3678 - 100-WMA 

*RES 3: Sgd1.3659 - High Nov 6 

*RES 2: Sgd1.3635 - 200-WMA 

*RES 1: Sgd1.3538 - High Dec 8

*PRICE: Sgd1.3509 @ 2300GMT

*SUP 1: Sgd1.3486 - Hourly resistance June 15 now support 

*SUP 2: Sgd1.3425 - Low June 15 

*SUP 3: Sgd1.3401 - 21-DMA 

*SUP 4: Sgd1.3325 - Low June 8

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

Sgd1.3417 and the 55-WMA (Sgd1.3439) adding support to the case for a test of

Sgd1.3538. Above Sgd1.3538 is needed to confirm focus on Sgd1.3635-78 where the

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

needing a close below Sgd1.3486 to gain breathing room and below the 21-DMA to

pressure Sgd1.3285-1.3325.

     DOLLAR-WON TECHS: Focus Shifts To 100 & 200-WMAs

*RES 4: Krw1126.0 - 200-WMA

*RES 3: Krw1117.8 - 100-WMA

*RES 2: Krw1113.0 - Low Nov 14 now resistance

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

*PRICE: Krw1102.9 @ 2300GMT

*SUP 1: Krw1098.9 - 55-WMA

*SUP 2: Krw1087.5 - 200-DMA

*SUP 3: Krw1080.2 - 21-DMA

*SUP 4: Krw1075.1 - 55-DMA

*COMMENTARY: The close above the 200-DMA ended sideways trading with the close

above the 55-WMA shifting focus to tests of 100 & 200-WMAs. Daily studies at O/B

levels is a concern for bulls with potential to limit follow through. In saying

that, bears need a close below the 55-WMA to gain breathing room and below the

200-DMA to shit focus back to Krw1075.1-1080.2 where key DMAs are located. Bulls

now need a close above Krw1108.3 to add support to their case.

     DOLLAR-MYR TECHS: 21-DMA Currently Supporting

*RES 4: Myr4.0226 - 200-DMA 

*RES 3: Myr4.0173 - 200-WMA 

*RES 2: Myr4.0140 - High Jan 10 

*RES 1: Myr3.9980 - High June 13

*PRICE: Myr3.9835 @ 2300GMT

*SUP 1: Myr3.9803 - 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 Myr4.0140-0226 where 200-DMA and WMAs

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

the Bollinger top (Myr3.9950) 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 (Myr3.9225) to hint at a move back to 2018 lows.

     DOLLAR-CNH TECHS: Focus Now On 200-WMA

*RES 4: Cnh6.5449 - 2018 High Jan 10 

*RES 3: Cnh6.5039 - 200-WMA 

*RES 2: Cnh6.5017 - Alternating daily support/resistance 

*RES 1: Cnh6.4657 - Low Jan 8 now resistance

*PRICE: Cnh6.4537 @ 2300GMT

*SUP 1: Cnh6.4475 - High Jan 16 now support

*SUP 2: Cnh6.4322 - High May 30 now support

*SUP 3: Cnh6.4096 - High June 5 now support

*SUP 4: Cnh6.4016 - 21-DMA

*COMMENTARY: The pair is currently flirting with the 200-DMA (Cnh6.4515) as

bulls now focus on Cnh6.5017-39 where the 200-WMA is located. Support layers

accumulating add to bullish confidence with the Bollinger top (Cnh6.4504) the

key concern for bulls. Bears now need a close below Cnh6.4322 to gain breathing

room and below Cnh6.3821 to shift focus back to Cnh6.3268-3500 where 55 &

100-DMAs are noted.

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

*RES 4: Php54.325 - High Dec 2 2005 

*RES 3: Php53.990 - 2006 High June 16 

*RES 2: Php53.620 - High June 29 2006 

*RES 1: Php53.513 - 2018 High June 18

*PRICE: Php53.331 @ 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

Php53.620-990 where levels last seen in June 2006 are located. Daily studies at

O/B remains an issue as does the Bollinger top (Php53.502) 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: Bears Need Close Below 55-WMA

*RES 4: Thb33.35 - High Oct 27 

*RES 3: Thb33.20 - High Nov 3 

*RES 2: Thb32.92 - High Nov 17 

*RES 1: Thb32.76 - 2018 High June 18

*PRICE: Thb32.63 @ 2300GMT

*SUP 1: Thb32.58 - High Jan 2 now support 

*SUP 2: Thb32.52 - 55-WMA 

*SUP 3: Thb32.39 - Alternating daily support/resistance 

*SUP 4: Thb32.23 - High June 14 now support

*COMMENTARY: Pressure on the 200-DMA (Thb32.16) took its toll with an aggressive

break higher to fresh 2018 highs Friday and again Monday. The close above the

55-WMA adds support to the case for a move now focused on Thb32.92-33.54. Daily

studies at O/B and the proximity of the Bollinger top are concerns for bulls

with potential to limit follow through. Bears now need a close below the 55-WMA

to gain breathing room.

     DOLLAR-IDR TECHS: Bulls Need Close Above 21-DMA

*RES 4: Idr14110 - Alternating daily support/resistance 

*RES 3: Idr14080 - High May 28 now support 

*RES 2: Idr13973 - 21-DMA 

*RES 1: Idr13965 - Low May 30 now resistance

*PRICE: Idr13925 @ 2300GMT

*SUP 1: Idr13923 - 55-DMA 

*SUP 2: Idr13830 - Low June 6 

*SUP 3: Idr13809 - 100-DMA 

*SUP 4: Idr13800 - High Mar 1 now support

*COMMENTARY: Bulls took comfort in the close above the 55-DMA easing bearish

pressure and becoming a concern for bears when combined with correcting O/S

daily studies. Bulls look for a close above the 21-DMA to hint at a correction

back to Idr14080-14110. Bears now look for a close back below the 55-DMA to

retain focus on Idr13800-13809 where the 100-DMA is located.

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

[TOPICS: MTABLE]