MNI Dollar-Asia Morning FX Technical Analysis

22 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: Sgd1.3486 Support Remains Key

*RES 4: Sgd1.3686 - Daily Bull channel top 

*RES 3: Sgd1.3679 - 100-WMA 

*RES 2: Sgd1.3659 - High Nov 6 

*RES 1: Sgd1.3636 - 200-WMA

*PRICE: Sgd1.3581 @ 2300GMT

*SUP 1: Sgd1.3538 - High Dec 8 now support 

*SUP 2: Sgd1.3486 - Hourly resistance June 15 now support 

*SUP 3: Sgd1.3429 - 21-DMA 

*SUP 4: Sgd1.3425 - Low June 15

*COMMENTARY: The lack of topside follow through on Thursday's 2018 & 8mth highs

is less than ideal for bulls given daily studies looking to correct from very

O/B levels. Bears now need a close below Sgd1.3538 to gain breathing room and

below Sgd1.3486 to initially pressure Sgd1.3394-1.3429 where the 21-DMA is

noted. While Sgd1.3486 supports bulls remain focused on Sgd1.3636-79 where 100 &

200-WMAs are noted.

     DOLLAR-WON TECHS: O/B Daily Studies The Key Concern

*RES 4: Krw1126.1 - 200-WMA

*RES 3: Krw1121.8 - High Nov 13

*RES 2: Krw1117.9 - 100-WMA

*RES 1: Krw1113.0 - Low Nov 14 now resistance

*PRICE: Krw1110.1 @ 2300GMT

*SUP 1: Krw1103.5 - Low June 20

*SUP 2: Krw1099.0 - 55-WMA

*SUP 3: Krw1087.2 - 200-DMA

*SUP 4: Krw1085.1 - 21-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 Krw1075.3-1077.9 where key DMAs are located. Bulls

now need a close above the 100-WMA to add support to their case.

     DOLLAR-MYR TECHS: Pressuring Key Resistance Region

*RES 4: Myr4.0450 - 2018 High Jan 2 

*RES 3: Myr4.0197 - 200-DMA 

*RES 2: Myr4.0173 - 200-WMA 

*RES 1: Myr4.0155 - 2018 High June 21

*PRICE: Myr4.0040 @ 2300GMT

*SUP 1: Myr3.9980 - High June 13 now support 

*SUP 2: Myr3.9849 - 21-DMA 

*SUP 3: Myr3.9620 - Low May 22 

*SUP 4: Myr3.9429 - 55-DMA

*COMMENTARY: The 21-DMA has supported the past couple of weeks resulting in a

break of Myr3.9930 and bulls focusing on Myr4.0173-0197 where 200-DMA and WMAs

are situated. Daily studies O/B levels is now an issue as is the Bollinger top

(Myr4.0073) which currently limits follow through. Bears now need a close below

the 21-DMA to ease bullish pressure.

     DOLLAR-CNH TECHS: Bulls Need Close Above 55-WMA

*RES 4: Cnh6.5631 - High Dec 27 

*RES 3: Cnh6.5449 - 2018 High Jan 10 

*RES 2: Cnh6.5187 - 55-WMA 

*RES 1: Cnh6.5166 - High June 21

*PRICE: Cnh6.4794 @ 2300GMT

*SUP 1: Cnh6.4600 - High Jan 18 now support

*SUP 2: Cnh6.4457 - Low June 19

*SUP 3: Cnh6.4322 - High May 30 now support

*SUP 4: Cnh6.4206 - 21-DMA

*COMMENTARY: The closes above the 200-DMA adds to bullish confidence with focus

currently on the 55-WMA. Bulls look for a close above the 55-WMA to shift

immediate focus to Cnh6.5449 2018 highs with overall focus shifting to the

100-WMA (Cnh6.6537). Bears need a close below Cnh6.4457 to ease bullish pressure

and below Cnh6.4322 to shift initial focus back to the 21-DMA. Daily studies at

O/B is a concern for bulls.

     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: Php53.283 @ 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: Recent topside hesitation has put an end to fresh 2018 and 12yr

highs for the moment despite bulls remaining 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 (Php53.624) 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: Thb33.62 - 100-WMA 

*RES 3: Thb33.35 - High Oct 27 

*RES 2: Thb33.20 - High Nov 3 

*RES 1: Thb33.01 - 2018 High June 21

*PRICE: Thb32.84 @ 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 that continued Thursday. The closes above the

55-WMA adds support to the case for a move now focused on Thb33.35-33.62. 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 Idr14110

*RES 4: Idr14620 - Low Oct 1 2015 now resistance 

*RES 3: Idr14480 - Low Oct 5 2015 now resistance 

*RES 2: Idr14210 - 2018 High May 23 

*RES 1: Idr14110 - Alternating daily support/resistance

*PRICE: Idr14098 @ 2300GMT

*SUP 1: Idr13970 - Low June 21 

*SUP 2: Idr13946 - 21-DMA 

*SUP 3: Idr13935 - 55-DMA 

*SUP 4: Idr13890 - Low June 8

*COMMENTARY: The return from a hiatus saw the pair rally aggressively with

immediate focus on Idr14110. Bulls need a close above this level to confirm

immediate focus on 2018 highs with a close above initially targeting

Idr14480-620. Bears now need a close below the 55-DMA to ease bullish pressure

and below Idr13890 to shift focus back to Idr13800-830 where the 100-DMA is

located.

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

[TOPICS: MTABLE]