MNI Dollar-Asia Morning FX Technical Analysis

27 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: Sgd1.3627 @ 2300GMT

*SUP 1: Sgd1.3587 - Low June 26 

*SUP 2: Sgd1.3531 - Low June 22 

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

*SUP 4: Sgd1.3456 - 21-DMA

*COMMENTARY: Bulls took 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 Sgd1.3587 to gain breathing room and below Sgd1.3531 to hint

at a move back to Sgd1.3394-1.3456 where the 21-DMA is noted with below

Sgd1.3486 to confirm.

     DOLLAR-WON TECHS: Bears Need Close Below Krw1112.5

*RES 4: Krw1131.7 - High Oct 27

*RES 3: Krw1126.6 - 200-WMA

*RES 2: Krw1121.8 - High Nov 13

*RES 1: Krw1117.9 - 100-WMA

*PRICE: Krw1117.7 @ 2300GMT

*SUP 1: Krw1112.5 - Low June 26

*SUP 2: Krw1103.5 - Low June 20

*SUP 3: Krw1098.9 - 55-WMA

*SUP 4: Krw1090.6 - 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 now need a close below Krw1112.5 to gain breathing room and below

the 55-WMA to shit focus back to Krw1087.0-1090.6 where 21 & 200-DMAs are

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

     DOLLAR-MYR TECHS: Closes Above Key MAs

*RES 4: Myr4.0809 - 55-WMA 

*RES 3: Myr4.0620 - Alternating daily support/resistance 

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

*RES 1: Myr4.0230 - High June 26

*PRICE: Myr4.0210 @ 2300GMT

*SUP 1: Myr4.0160 - Low June 26 

*SUP 2: Myr3.9950 - Low June 25 

*SUP 3: Myr3.9897 - 21-DMA 

*SUP 4: Myr3.9620 - Low May 22

*COMMENTARY: The close above the 200-DMA (Myr4.0171) & 200-WMA (Myr4.0216) add

support to the bullish case with focus now on the Myr4.0620-0920 region where

the 55-WMA is located. O/B daily studies remain the key concern for bulls. In

saying that, bears continue to look for a close below the 21-DMA to ease bullish

pressure and below Myr3.9250 to shift focus back to 2018 lows.

     DOLLAR-CNH TECHS: Very O/B Studies Key Concern

*RES 4: Cnh6.6631 - High Nov 13 

*RES 3: Cnh6.6534 - 100-WMA

*RES 2: Cnh6.6325 - Monthly High Dec 12 

*RES 1: Cnh6.5948 - 2018 High June 26

*PRICE: Cnh6.5776 @ 2300GMT

*SUP 1: Cnh6.5567 - High June 25 now support

*SUP 2: Cnh6.5366 - Low June 26

*SUP 3: Cnh6.5172 - High June 22 now support

*SUP 4: Cnh6.5156 - 55-WMA

*COMMENTARY: Gains to start the new week resulted in a close above the 55-WMA

and repeated fresh 2018 & 7mth highs that see focus on Cnh6.6325-6631 where the

100-WMA and Dec monthly highs are noted. Very O/B studies and the Bollinger top

(Cnh6.5698) remain concerns for bulls with potential to limit follow through.

Bears now need a close below Cnh6.5366 to gain breathing room and below

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

     DOLLAR-PHP TECHS: Overall Focus On Bull Channel Top

*RES 4: Php54.509 - Daily Bull channel top 

*RES 3: Php54.325 - High Dec 2 2005 

*RES 2: Php53.990 - 2006 High June 16 

*RES 1: Php53.726 - 2018 High June 26

*PRICE: Php53.639 @ 2300GMT

*SUP 1: Php53.513 - High June 18 now support 

*SUP 2: Php53.147 - High June 12 now support 

*SUP 3: Php52.970 - 21-DMA 

*SUP 4: Php52.945 - Low June 12

*COMMENTARY: Fresh 2018 & 12+yr highs reconfirm the bullish bias and kickstart

bullish momentum with overall focus on tests of the daily bull channel top.

Daily studies lingering at O/B levels is less than ideal for bulls. In saying

that, bears now need a close below Php53.513 to gain breathing room and below

Php53.147 to hint at a move back to Php52.267-490 with below Php52.771 to

confirm.

     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: Thb33.04 - 2018 High June 26

*PRICE: Thb33.02 @ 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 Tuesday. 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: Idr14173 @ 2300GMT

*SUP 1: Idr14110 - Alternating daily support/resistance 

*SUP 2: Idr14053 - Low June 22 

*SUP 3: Idr13970 - Low June 21 

*SUP 4: Idr13954 - 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 (Idr14135) 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]