MNI Dollar-Asia Morning FX Technical Analysis

26 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: Bulls Need Close Above 100-WMA

*RES 4: Sgd1.3681 - 100-WMA 

*RES 3: Sgd1.3659 - High Nov 6 

*RES 2: Sgd1.3653 - 2018 High June 25 

*RES 1: Sgd1.3641 - 200-WMA

*PRICE: Sgd1.3617 @ 2300GMT

*SUP 1: Sgd1.3595 - High June 22 now support 

*SUP 2: Sgd1.3531 - Low June 22 

*SUP 3: Sgd1.3486 - Hourly resistance June 15 now support 

*SUP 4: Sgd1.3447 - 21-DMA

*COMMENTARY: Bulls take comfort in fresh 2018 & 7mth highs Monday with immediate

focus on 100 & 200-WMAs. Topside follow through is still lacking which is less

than ideal with daily studies at O/B levels and looking to correct. Bears now

need a close below Sgd1.3595 to gain breathing room and below Sgd1.3531 to hint

at a move back to Sgd1.3394-1.3447 where the 21-DMA is noted with below

Sgd1.3486 to confirm.

     DOLLAR-WON TECHS: Bears Need Close Below 55-WMA

*RES 4: Krw1126.1 - 200-WMA

*RES 3: Krw1121.8 - High Nov 13

*RES 2: Krw1117.9 - 100-WMA

*RES 1: Krw1115.0 - 2018 High June 25

*PRICE: Krw1114.6 @ 2300GMT

*SUP 1: Krw1103.5 - Low June 20

*SUP 2: Krw1098.9 - 55-WMA

*SUP 3: Krw1088.8 - 21-DMA

*SUP 4: Krw1087.0 - 200-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 Krw1075.7-1079.5 where key DMAs are located. Bulls

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

     DOLLAR-MYR TECHS: 200 DMA & WMAs Capping, 21-DMA Support Key

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

*RES 3: Myr4.0216 - 200-WMA 

*RES 2: Myr4.0179 - 200-DMA 

*RES 1: Myr4.0170 - 2018 High June 25

*PRICE: Myr4.0160 @ 2300GMT

*SUP 1: Myr3.9950 - Low June 25 

*SUP 2: Myr3.9877 - 21-DMA 

*SUP 3: Myr3.9620 - Low May 22 

*SUP 4: Myr3.9507 - 55-DMA

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

break of Myr3.9930 and bulls focusing on Myr4.0179-0216 where 200-DMA and WMAs

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

top (Myr4.0140) which currently limits follow through. Bears now need a close

below the 21-DMA to ease bullish pressure and below Myr3.9620 to pressure the

55-DMA.

     DOLLAR-CNH TECHS: Overall Focus Shifts To 100-WMA

*RES 4: Cnh6.5926 - Low Dec 1 now resistance 

*RES 3: Cnh6.5823 - High Dec 21 

*RES 2: Cnh6.5631 - High Dec 27 

*RES 1: Cnh6.5567 - 2018 High June 25

*PRICE: Cnh6.5407 @ 2300GMT

*SUP 1: Cnh6.5172 - High June 22 now support

*SUP 2: Cnh6.5150 - 55-WMA

*SUP 3: Cnh6.4922 - Low June 22

*SUP 4: Cnh6.4600 - High Jan 18 now support

*COMMENTARY: Gains Monday have resulted in a close above the 55-WMA and fresh

2018 & 7mth highs that see focus now on Cnh6.5631-5926 with a close above to add

support to the case for a test of the 100-WMA (Cnh6.6530). O/B daily studies and

the Bollinger top (Cnh6.5362) remain concerns for bulls with potential to limit

follow through. Bears now need a close below Cnh6.5172 to gain breathing room

and below Cnh6.4922 to shift focus back to Cnh6.4322-4600.

     DOLLAR-PHP TECHS: Bears Need Close Below Php53.147

*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: Php53.440 @ 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 stalled fresh 2018 and 12yr highs

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. Initial support is

still 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: Below Thb32.79 To Ease Bullish Pressure

*RES 4: Thb33.60 - 100-WMA 

*RES 3: Thb33.35 - High Oct 27 

*RES 2: Thb33.20 - High Nov 3 

*RES 1: Thb33.03 - 2018 High June 25

*PRICE: Thb32.90 @ 2300GMT

*SUP 1: Thb32.79 - Low June 21 

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

*SUP 3: Thb32.50 - 55-WMA 

*SUP 4: Thb32.39 - Alternating daily support/resistance

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

break higher to fresh 2018 highs that continued Monday. The closes above the

55-WMA adds support to the case for a move now focused on Thb33.35-33.60. 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 Thb32.79 to

ease bullish pressure.

     DOLLAR-IDR TECHS: Immediate Focus Returns To 2018 High

*RES 4: Idr14730 - 2015 High Sept 29 

*RES 3: Idr14620 - Low Oct 1 2015 now resistance 

*RES 2: Idr14480 - Low Oct 5 2015 now resistance 

*RES 1: Idr14210 - 2018 High May 23

*PRICE: Idr14150 @ 2300GMT

*SUP 1: Idr14110 - Alternating daily support/resistance 

*SUP 2: Idr14053 - Low June 22 

*SUP 3: Idr13970 - Low June 21 

*SUP 4: Idr13945 - 21-DMA

*COMMENTARY: Bulls continue to reassert dominance following the return from

hiatus with immediate focus back on 2018 highs. Bulls then look for a close

above 2018 highs to confirm focus on Idr14480-730 where 2015 highs are located.

The Bollinger band top (Idr14098) remains the key concern for bulls with

potential to limit follow through. Bears now need a close below Idr14053 to ease

bullish pressure and shift focus back to Idr13890-970.

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

[TOPICS: MTABLE]