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MNI Dollar-Asia Morning FX Technical Analysis 

26 July 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: Sgd1.3574 Support Key Today
*RES 4: Sgd1.3745 - 2018 High July 3 
*RES 3: Sgd1.3700 - Hourly resistance July 20 
*RES 2: Sgd1.3677 - High July 24 
*RES 1: Sgd1.3616 - Low July 24 now resistance
*PRICE: Sgd1.3584 @ 2300GMT
*SUP 1: Sgd1.3574 - Hourly support July 11 
*SUP 2: Sgd1.3563 - Low July 11 
*SUP 3: Sgd1.3522 - Daily Bull channel base off Apr 19 low 
*SUP 4: Sgd1.3513 - 55-DMA
*COMMENTARY: The sell-off Wednesday leaves the pair looking offered and
pressuring the Sgd1.3574 support. Bears now need a close below this level to
confirm focus on Sgd1.3490-1.3522 where the 55-DMA and daily bull channel base
off Apr 19 lows is noted. Overall bears need a close below Sgd1.3490 to end
bullish hopes and shift focus back to Sgd1.3365-1.3425 where 100 & 200-DMAs are
found. Bulls now need a close above Sgd1.3616 to gain breathing room.
     DOLLAR-WON TECHS: Focus Shifts To Krw1098.4-1108.6
*RES 4: Krw1137.3 - High July 24
*RES 3: Krw1130.0 - High July 25
*RES 2: Krw1125.0 - Low July 24 now resistance
*RES 1: Krw1121.8 - 21-DMA
*PRICE: Krw1117.2 @ 2300GMT
*SUP 1: Krw1108.6 - Low July 10
*SUP 2: Krw1108.1 - Bollinger band base
*SUP 3: Krw1103.5 - Low June 20
*SUP 4: Krw1098.4 - Monthly High Feb 6 now support
*COMMENTARY: Failure to gain traction above the 200-WMA (Krw1128.3) has taken
its toll with a sell-off and close below the 21-DMA that eases bullish pressure
and shifts focus back to Krw1098.4-1108.6 where the 55-DMA (Krw1099.4) is found.
Layers of resistance accumulating add weight to the bearish case. Bulls now need
a close above Krw1125.0 to ease bearish pressure and above Krw1130.0 to return
focus to Krw1137.3-1157.8.
     DOLLAR-MYR TECHS: Bears Need Close Below Myr4.0330
*RES 4: Myr4.1090 - Daily Bull channel top 
*RES 3: Myr4.0920 - High Nov 30 
*RES 2: Myr4.0680 - 2018 High July 24 
*RES 1: Myr4.0675 - Bollinger band top
*PRICE: Myr4.0630 @ 2300GMT
*SUP 1: Myr4.0438 - 21-DMA 
*SUP 2: Myr4.0330 - Low July 13 
*SUP 3: Myr3.9988 - 200-DMA 
*SUP 4: Myr3.9950 - Low June 25
*COMMENTARY: The recovery from the dip back to the 200-DMA continues to result
in recent fresh 2018 & 7mth highs, reconfirming bullish focus on Myr4.0920-1090
where the bull channel top is situated. Daily studies at O/B levels and the
Bollinger top limiting follow through remain concerns for bulls. Bears now look
for a close below Myr4.0330 to gain breathing room and below Myr3.9950 to hint
at a test of Myr3.9400-9620 where the 100-DMA is noted.
     DOLLAR-CNH TECHS: Bears Need Close Below Cnh6.7326
*RES 4: Cnh6.8443 - 2018 High July 24 
*RES 3: Cnh6.8229- Bollinger band top 
*RES 2: Cnh6.8209 - High July 25 
*RES 1: Cnh6.7901 - Low July 24 now resistance
*PRICE: Cnh6.7624 @ 2300GMT
*SUP 1: Cnh6.7524 - Low July 25
*SUP 2: Cnh6.7326 - High July 3 now support
*SUP 3: Cnh6.7061 - 21-DMA
*SUP 4: Cnh6.6823 - Low July 16
*COMMENTARY: The lack of topside follow through on recent fresh 2018 & 13mth
highs has resulted in a sharp sell-off with focus now on Cnh6.7326. Bears need a
close below this level to confirm a break of the rising TL off June 14 lows and
initially pressure the 21-DMA. Bears then look for a close below Cnh6.6673 to
shift focus back to Cnh6.5948-95 which provided the base for the rally to 2018
highs. Bulls now need a close above Cnh6.7901 to gain breathing room and retain
initial focus on Cnh6.8209-8443.
     DOLLAR-PHP TECHS: Supported Ahead Of 55-DMA
*RES 4: Php53.990 - 2006 High June 16 
*RES 3: Php53.736 - 2018 High June 26 
*RES 2: Php53.548 - High July 24 
*RES 1: Php53.390 - 21-DMA
*PRICE: Php53.250 @ 2300GMT
*SUP 1: Php53.125 - Low July 25 
*SUP 2: Php53.016 - 55-DMA 
*SUP 3: Php52.945 - Low June 12 
*SUP 4: Php52.823 - Daily Bull channel base off 2018 Low
*COMMENTARY: Follow through has been lacking on recent 2018 & 12+yr highs which
is less than ideal for bulls. The dip below Php53.147 has so far lacked follow
through. Bears continue to look for a close below Php52.771 to confirm traction
below the 55-DMA and daily bull channel base and shift initial focus to
Php52.490-568 where the 100-DMA is found. Bulls now look for a close above
Php53.548 to reconfirm focus on retests of 2018 highs and above Php54.325 to
confirm focus on the daily bull channel top coming in around Php54.970 today.
     DOLLAR-THB TECHS: Bears Need Close Below Thb33.13
*RES 4: Thb33.70 - High July 20 2017 
*RES 3: Thb33.54 - Monthly High Oct 3, 100-WMA 
*RES 2: Thb33.52 - 2018 High July 20 
*RES 1: Thb33.30 - Low July 24 now resistance
*PRICE: Thb33.22 @ 2300GMT
*SUP 1: Thb33.13 - Low July 11 
*SUP 2: Thb32.93 - Low June 27 
*SUP 3: Thb32.79 - Low June 21 
*SUP 4: Thb32.62 - 55-DMA
*COMMENTARY: The failure to better recent 2018 highs resulted in a dip with the
pair flirting with the 21-DMA (Thb33.23). Bears continue to look for a close
below Thb33.13 to ease bullish pressure and below Thb32.93 to shift focus back
to Thb32.58-62 where the 55-DMA is located. Bulls now look for a close above
Thb33.30 to gain breathing room and above Thb33.54 to confirm initial focus on
Thb33.70-97 where the 200-WMA is found.
     DOLLAR-IDR TECHS: Below 21-DMA To Shift Focus Lower
*RES 4: Idr15500 - Monthly High July 9 1998 
*RES 3: Idr14730 - 2015 High Sept 29 
*RES 2: Idr14620 - Low Oct 1 2015 now resistance 
*RES 1: Idr14560 - 2018 High July 24
*PRICE: Idr14455 @ 2300GMT
*SUP 1: Idr14420 - High July 18 now support 
*SUP 2: Idr14385 - 21-DMA 
*SUP 3: Idr14250 - Low July 2 
*SUP 4: Idr14110 - Alternating daily support/resistance
*COMMENTARY: Fresh 2018 & 3yr highs continue although follow through remains
lacking courtesy of the Bollinger band top (Idr14527). Daily studies have a
little room to move before O/B becomes an issue. Initial support is noted at
Idr14420 but the 21-DMA remains key. Bears need a close below the 21-DMA to
shift initial focus back to Idr14250 and hint at a move back to the 55-DMA
(Idr14148). While the 21-DMA supports bulls focus on Idr14620-730.
--MNI Beijing Bureau; tel: +44 207-862-7435; email: kyle.shortland@mni-news.com
[TOPICS: MTABLE]
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