MNI Test 3, Please Ignore

MNI BRIEF: China Limits, Tightens IPO To Boost Listing Quality

MNI BRIEF: China February New Loans, TSF Pull Back Sharply

MNI BRIEF: China To Strengthen Shareholding Reduction Rules

MNI BRIEF: Net MLF Drain Not Sign Of Tight Liquidity - Paper

MNI: PBOC Conducts CNY387 Bln MLF Fri; Rates Unchanged

MNI: BAKER HUGHES US RIG COUNT 629; OIL RIGS 510; GAS RIGS 116

EZ/UK T-Bill Calendar: Germany, Netherlands, France Due Monday

Bond Supply Calendar: EU Synd W/C 18-Mar; SK, BE, BoE APF Ops Mon

MNI BRIEF: Poilievre Calls QE 'Scam' And Would Limit BOC Remit

MNI: Growth Drag From Net Zero Carbon Goal Can Be Offset-OECD

MNI BRIEF: Lawmakers Signal Tough Hearing For BOC's Macklem

© 1982-2023 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

MNI Dollar-Asia Morning FX Technical Analysis 

28 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: Sgd1.3720 - High July 17 2017 
*RES 3: Sgd1.3713 - Monthly High Oct 27 
*RES 2: Sgd1.3685 - 2018 High June 27 
*RES 1: Sgd1.3682 - 100-WMA
*PRICE: Sgd1.3671 @ 2300GMT
*SUP 1: Sgd1.3653 - High June 25 now support 
*SUP 2: Sgd1.3638 - High June 26 now support 
*SUP 3: Sgd1.3587 - Low June 26 
*SUP 4: Sgd1.3531 - Low June 22
*COMMENTARY: Fresh 2018 & 9mth highs continue with the pair flirting with the
100-WMA. Bulls continue to look for a close above the 100-WMA to initially focus
on Sgd1.3720 with a close above this level then targeting Sgd1.3787-1.3863. O/B
daily studies remain the key concern for bulls. Support layers are building with
bears now needing a close below Sgd1.3638 to gain breathing room and below
Sgd1.3587 to shift focus back to Sgd1.3472-1.3531.
     DOLLAR-WON TECHS: Krw1112.5-1120.0 Support Key Today
*RES 4: Krw1145.1 - High Oct 9
*RES 3: Krw1131.7 - High Oct 27
*RES 2: Krw1126.7 - 200-WMA
*RES 1: Krw1125.2 - 2018 High June 27
*PRICE: Krw1123.2 @ 2300GMT
*SUP 1: Krw1120.0 - High June 26 now support
*SUP 2: Krw1112.5 - Low June 26
*SUP 3: Krw1103.5 - Low June 20
*SUP 4: Krw1099.0 - 55-WMA
*COMMENTARY: As 2018 & 9mth highs continue bulls remain firmly focused on the
200-WMA. Bulls look for a close above the 200-WMA to add support to the case for
a move targeting Krw1150.7 Sept 2017 monthly highs. Very O/B daily studies
remain the key concern for bulls. In saying that, bears now need a close below
Krw1120.0 to gain breathing room and below Krw1112.5 to shift initial focus back
to the Krw1098.4-1103.5 region where the 55-WMA is found.
     DOLLAR-MYR TECHS: 21 & 200-DMAs Key Support
*RES 4: Myr4.0810 - 55-WMA 
*RES 3: Myr4.0620 - Alternating daily support/resistance 
*RES 2: Myr4.0450 - 2018 High Jan 2 
*RES 1: Myr4.0290 - High June 27
*PRICE: Myr4.0210 @ 2300GMT
*SUP 1: Myr4.0163 - 200-DMA 
*SUP 2: Myr3.9950 - Low June 25 
*SUP 3: Myr3.9897 - 21-DMA 
*SUP 4: Myr3.9620 - Low May 22
*COMMENTARY: The closes above the 200-DMA & 200-WMA (Myr4.0217) add support to
the bullish case with focus now on the Myr4.0450-0920 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: Focus On Cnh6.6325-6.6651
*RES 4: Cnh6.6651 - High Oct 27 
*RES 3: Cnh6.6631 - High Nov 13 
*RES 2: Cnh6.6538 - 100-WMA 
*RES 1: Cnh6.6325 - Monthly High Dec 12
*PRICE: Cnh6.6170 @ 0220GMT
*SUP 1: Cnh6.5948 - High June 26 now support
*SUP 2: Cnh6.5567 - High June 25 now support
*SUP 3: Cnh6.5366 - Low June 26
*SUP 4: Cnh6.5172 - High June 22 now support
*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 Cnh6.6325-6651 where the
100-WMA and Dec monthly highs are noted. Very O/B studies and the Bollinger top
(Cnh6.6067) remain concerns for bulls with potential to limit follow through.
Bears now need a close below Cnh6.5948 to gain breathing room and below
Cnh6.5567 to shift focus back to Cnh6.4922-5172.
     DOLLAR-PHP TECHS: Overall Focus On Bull Channel Top
*RES 4: Php54.531 - 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: Php53.147 - High June 12 now support 
*SUP 2: Php52.970 - 21-DMA 
*SUP 3: Php52.945 - Low June 12 
*SUP 4: Php52.773 - High May 30 now support
*COMMENTARY: Follow through has been lacking on recent 2018 & 12+yr highs which
is less than ideal for bulls with daily studies lingering at O/B levels and the
Bollinger top (Php53.848) lingering above. Bears now look for a close below
Php53.147 to hint at a move back to Php52.267-490 with below Php52.771 to add
weight to the case. While Php53.417 supports bulls maintain focus on tests of
the daily bull channel top around Php54.531 today.
     DOLLAR-THB TECHS: Below Thb32.93 To Ease Bullish Pressure
*RES 4: Thb33.61 - 100-WMA 
*RES 3: Thb33.54 - Monthly High Oct 3 
*RES 2: Thb33.35 - High Oct 27 
*RES 1: Thb33.20 - High Nov 3
*PRICE: Thb33.02 @ 2300GMT
*SUP 1: Thb32.93 - Low June 27 
*SUP 2: Thb32.79 - Low June 21 
*SUP 3: Thb32.58 - High Jan 2 now support 
*SUP 4: Thb32.51 - 55-WMA
*COMMENTARY: Fresh 2018 highs continue to add support to the case for a test of
the Thb33.35-60 region where monthly highs and the 100-WMA are situated. Very
O/B daily studies remain the key concern for bulls. Support layers building add
to bullish confidence with bears now needing a close below Thb32.93 to gain
breathing room and below Thb32.79 to shift focus back to layers of support
Thb32.16-43 where 21 & 200-DMAs are noted.
     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: Idr13963 - 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 (Idr14166) 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]
To read the full story
Close
Why MNI
MNI is the leading provider
 of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.

    

});

window.REBELMOUSE_TASKS_QUEUE.push(function(){

    
        window.dataLayer.push({
    'event' : 'logedout',
    'loggedOut' : 'loggedOut'
  });
    

});

window.REBELMOUSE_TASKS_QUEUE.push(function(){

    
        (function appendPosts () {  
    var policyPosts = document.getElementsByClassName('policy-posts-wrapper')[0];
    var policyPostsMenu = document.querySelector('.policy-posts-span');
    policyPostsMenu.append(policyPosts);
    policyPosts.style.display = "block";
  
    var empolicyPosts = document.getElementsByClassName('em-policy-posts-wrapper')[0];
    var empolicyPostsMenu = document.querySelector('.em-policy-posts-span');
    empolicyPostsMenu.append(empolicyPosts);
    empolicyPosts.style.display = "block";

    var dataPosts = document.getElementsByClassName('data-posts-wrapper')[0];
    var dataPostsMenu = document.querySelector('.data-posts-span');
    dataPostsMenu.append(dataPosts);
    dataPosts.style.display = "block";
})();
    

});

window.REBELMOUSE_TASKS_QUEUE.push(function(){

    
        document.querySelectorAll(".my-mni").forEach(function(item){
  item.href="/core/users/email_login/";
  item.innerHTML="Log In";
})
    

});

window.REBELMOUSE_TASKS_QUEUE.push(function(){

    
        document.querySelector('.signup-form').addEventListener('submit', () => {
  window.dataLayer = window.dataLayer || [];
  dataLayer.push({
    'event' : 'submission_click',
    'event_category': "Sign Up Button Clicks",
     'event_label': "Posts" 
  });  
  
})
    

});

window.REBELMOUSE_TASKS_QUEUE.push(function(){

    
        REBELMOUSE_STDLIB.createElementChangeListener('.signup-form.authentication--form',function(item){
  item.onsubmit=function(e){
    ga('b.send', 'event', {eventCategory: 'Signup', eventAction: 'CompletedForm', eventLabel:'pageTitle', eventValue:15});
    window.dataLayer = window.dataLayer || [];
    dataLayer.push({
      'event' : 'signup_click',
      'event_category': "Signup",
      'event_action': 'CompletedForm',
       'event_label': 'pageTitle',
      'event_value': 15
    });  
  }
})
    

});

window.REBELMOUSE_TASKS_QUEUE.push(function(){

    
        document.querySelectorAll("img").forEach(function (img) {
    img.addEventListener("contextmenu", function (e) {
      return false;
    });
  });
  document
    .querySelector(".site-logo img")
    .addEventListener("contextmenu", function (e) {
      return true;
    });
    

});

window.REBELMOUSE_TASKS_QUEUE.push(function(){

    
        document.querySelector('.signup-form').addEventListener('submit', () => {
  window.dataLayer = window.dataLayer || [];
  dataLayer.push({
    'event' : 'submission_click',
    'event_category': "Sign Up Button Clicks",
     'event_label': "Posts" 
  });  
  
})
    

});

window.REBELMOUSE_TASKS_QUEUE.push(function(){

    
        REBELMOUSE_STDLIB.createElementChangeListener('.signup-form.authentication--form',function(item){
  item.onsubmit=function(e){
    ga('b.send', 'event', {eventCategory: 'Signup', eventAction: 'CompletedForm', eventLabel:'pageTitle', eventValue:15});
    window.dataLayer = window.dataLayer || [];
    dataLayer.push({
      'event' : 'signup_click',
      'event_category': "Signup",
      'event_action': 'CompletedForm',
       'event_label': 'pageTitle',
      'event_value': 15
    });  
  }
})
    

});

window.REBELMOUSE_TASKS_QUEUE.push(function(){

    
        
  let posts = document.querySelectorAll(".all-content-wrapper .widget:not(.stream-story-processed)");
  window.check_story_posts(posts, "streamOfPosts");
    

});

window.REBELMOUSE_LOW_TASKS_QUEUE.push(function(){

    
        function populateInputsWithAPAPI(c) {
  document.querySelectorAll('.signup-form input[name="country"]').forEach(el => {
	el.setAttribute("value", c.country_name);
  });
  document.querySelectorAll('.signup-form .country_name').forEach(el => {
	el.setAttribute("value", c.country_name);
  });

  let country_code =
    c && c.country_code ? c.country_code.toLowerCase() : "auto";
  document.querySelectorAll('.signup-form .country_code').forEach(el => {
	el.setAttribute("value", country_code);
  });
  document.querySelectorAll('.signup-form .selected_country').forEach(el => {
	el.setAttribute("value", country_code);
  });
}

const fetch = function (err, res) {
  var r = new XMLHttpRequest();
  r.open("GET", err, !0),
    (r.responseType = "json"),
    (r.onload = function () {
      var err = r.status;
      res(200 === err ? null : err, r.response);
    }),
    r.send();
};

function setupCountry() {
  if (window.preventDuplicateExec) {
    return;
  }
  window.preventDuplicateExec = true;

  window.REBELMOUSE_STDLIB.onElementInViewport({
    threshold: 0,
    firstOnly: true,
    oneTime: true,
    selector: ".signup-form",
    onIntersect: (entry) => {
      // when you need to get access to that data you call it in that way:
      let ipapiData = localStorage.getItem("ipapiData");
      if (!ipapiData) {
        fetch("https://ipapi.co/json/", function (err, ipData) {
          console.log("populating inputs with data from IP API ");
          localStorage.setItem("ipapiData", JSON.stringify(ipData));
          populateInputsWithAPAPI(ipData);
        });
      } else {
        console.log(
          "populating inputs with data from IP API data stored in local storage"
        );
        populateInputsWithAPAPI(JSON.parse(ipapiData));
      }
    },
  });
}

setupCountry();
    

});

window.REBELMOUSE_LOW_TASKS_QUEUE.push(function(){

    
        /*
const sidebar = document.querySelector('.left-sidebar-container');
const stickyContent = document.querySelector('.sticky-content');
const siteContent = document.querySelector('.all-posts-stream');
if (sidebar && stickyContent && siteContent) {
  if (siteContent.clientHeight > sidebar.clientHeight) {
    console.log('grater -> ', siteContent.clientHeight + ' > ' + sidebar.clientHeight);
    stickyContent.style.height = (siteContent.clientHeight - sidebar.clientHeight) + 'px';
  }
}
*/
    

});

window.REBELMOUSE_LOW_TASKS_QUEUE.push(function(){

    
        function populateInputsWithAPAPI(c) {
  document.querySelectorAll('.signup-form input[name="country"]').forEach(el => {
	el.setAttribute("value", c.country_name);
  });
  document.querySelectorAll('.signup-form .country_name').forEach(el => {
	el.setAttribute("value", c.country_name);
  });

  let country_code =
    c && c.country_code ? c.country_code.toLowerCase() : "auto";
  document.querySelectorAll('.signup-form .country_code').forEach(el => {
	el.setAttribute("value", country_code);
  });
  document.querySelectorAll('.signup-form .selected_country').forEach(el => {
	el.setAttribute("value", country_code);
  });
}

const fetch = function (err, res) {
  var r = new XMLHttpRequest();
  r.open("GET", err, !0),
    (r.responseType = "json"),
    (r.onload = function () {
      var err = r.status;
      res(200 === err ? null : err, r.response);
    }),
    r.send();
};

function setupCountry() {
  if (window.preventDuplicateExec) {
    return;
  }
  window.preventDuplicateExec = true;

  window.REBELMOUSE_STDLIB.onElementInViewport({
    threshold: 0,
    firstOnly: true,
    oneTime: true,
    selector: ".signup-form",
    onIntersect: (entry) => {
      // when you need to get access to that data you call it in that way:
      let ipapiData = localStorage.getItem("ipapiData");
      if (!ipapiData) {
        fetch("https://ipapi.co/json/", function (err, ipData) {
          console.log("populating inputs with data from IP API ");
          localStorage.setItem("ipapiData", JSON.stringify(ipData));
          populateInputsWithAPAPI(ipData);
        });
      } else {
        console.log(
          "populating inputs with data from IP API data stored in local storage"
        );
        populateInputsWithAPAPI(JSON.parse(ipapiData));
      }
    },
  });
}

setupCountry();
    

});