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]