MNI Dollar-Asian Morning FI Technical Analysis

29 November 2017

By Kyle Shortland

Click below for today's MNI FX Technical Analysis Report -

http://tinyurl.com/pzkomnu

DOLLAR-SING TECHS: Sgd1.3528-77 Resistance Region Key

*RES 4: Sgd1.3577 - 100-DMA 

*RES 3: Sgd1.3554 - Daily Bear channel top 

*RES 2: Sgd1.3528 - 200-WMA 

*RES 1: Sgd1.3486 - High Nov 23

*PRICE: Sgd1.3457 @ 2300GMT

*SUP 1: Sgd1.3430 - Low Sept 22 

*SUP 2: Sgd1.3399 - Low Sept 20 

*SUP 3: Sgd1.3342 - 2017 Low Sept 8 

*SUP 4: Sgd1.3315 - 2016 Low June 23

*COMMENTARY: Topside hesitation ahead of 100 (Sgd1.3577) & 21 (Sgd1.3562) DMAs

resulted in a sharp sell-off and bearish close Wednesday that sees overall focus

back on 2017 lows. The Bollinger base (Sgd1.3435) is the key concern for bears

with potential to limit follow through. Bulls still need a close above the

200-WMA to ease bearish pressure and above the 100-DMA to shift initial focus to

Sgd1.3659.

DOLLAR-WON TECHS: Bulls Need Close Above Krw1194.0

*RES 4: Krw1105.6 - 21-DMA

*RES 3: Krw1101.4 - High Nov 20

*RES 2: Krw1094.0 - High Nov 22

*RES 1: Krw1090.9 - High Nov 28

*PRICE: Krw1084.4 @ 2300GMT

*SUP 1: Krw1083.3 - 2017 Low Nov 24

*SUP 2: Krw1084.0 - Low May 18 2015

*SUP 3: Krw1078.8 - Low May 4 2015

*SUP 4: Krw1066.6 - 2015 Low Apr 29 2015

*COMMENTARY: Fresh 2017 and 2+ year lows left the pair looking heavy last week

with focus having shifted to tests of the 2015 low. O/S daily studies and

Bollinger base (Krw1080.3) remain key concerns for bears. In saying that, bulls

still need a close above Krw1094.0 to ease bearish pressure and above Krw1101.4

to shift focus to Krw1105.6-1110.5 where the 21-DMA is noted.

DOLLAR-MYR TECHS: Above Myr4.1423 To Ease Bearish Pressure

*RES 4: Myr4.1809 - 21-DMA 

*RES 3: Myr4.1725 - Lows Nov 10 & 15 now resistance 

*RES 2: Myr4.1423 - High Nov 24 

*RES 1: Myr4.1311 - High Nov 28

*PRICE: Myr4.1145 @ 2300GMT

*SUP 1: Myr4.0860 - 2017 Low Nov 23 

*SUP 2: Myr4.0856 - Bollinger band base 

*SUP 3: Myr4.0370 - Monthly Low Sept 8 2016 

*SUP 4: Myr4.0135 - Low Aug 26 2016

*COMMENTARY: The 100-DMA capped rallies in recent weeks resulting in a sell-off

to repeated fresh 2017 and 13mth lows with bears focused on Myr4.0135-0370. O/S

daily studies and the Bollinger base remain key concerns for bears. Bulls need a

close above Myr4.1423 to ease immediate bearish pressure and above the 21-DMA to

shift immediate focus back to Myr4.2020-2050 where the 55-DMA is situated.

DOLLAR-CNH TECHS: Above 21-DMA To Ease Bearish Pressure

*RES 4: Cnh6.6422 - 100-DMA 

*RES 3: Cnh6.6243 - 21-DMA 

*RES 2: Cnh6.6189 - Low Nov 15 now resistance 

*RES 1: Cnh6.6161 - 55-DMA

*PRICE: Cnh6.6073 @ 2300GMT

*SUP 1: Cnh6.5933 - Low Nov 27

*SUP 2: Cnh6.5674 - Low Nov 24

*SUP 3: Cnh6.5568 - Low Oct 11

*SUP 4: Cnh6.5409 - Low Sept 18

*COMMENTARY: Bulls take comfort in the recovery that sees the pair working its

way back towards resistance layers and DMAs. Bulls still need a close above the

21-DMA to ease bearish pressure and above Cnh6.6651 to shift initial focus to

Cnh6.6904 and overall focus to the 200-DMA (Cnh6.7488). Bears now need a close

below Cnh6.5933 to ease pressure on the 55-DMA and below Cnh6.5568 to confirm

focus on a move back to Cnh6.5053.

DOLLAR-PHP TECHS: Closes Below 200-DMA

*RES 4: Php51.124 - 55-DMA 

*RES 3: Php51.030 - High Nov 20 

*RES 2: Php50.750 - High Nov 24 

*RES 1: Php50.477 - 200-DMA

*PRICE: Php50.350 @ 2300GMT

*SUP 1: Php50.334 - Bollinger band base 

*SUP 2: Php50.250 - Low Aug 7 

*SUP 3: Php50.159 - Daily Bear channel base 

*SUP 4: Php50.140 - Monthly Low Aug 4

*COMMENTARY: Pressure on the 200-DMA has taken its toll with the first close

below since Sept 2016 adding weight to the bearish case. Immediate bearish focus

shifts to Php50.12-14. O/S daily studies and Bollinger base (Php50.334) remain

key concerns for bears. The 200-DMA is now initial resistance with bulls needing

a close above to ease immediate bearish pressure and above Php50.750 shift focus

to Php51.030-230 where key DMAs are located.

DOLLAR-THB TECHS: Overall Focus On Bear Channel Base

*RES 4: Thb33.07 - High Nov 15 

*RES 3: Thb32.97 - 21-DMA 

*RES 2: Thb32.92 - High Nov 17 

*RES 1: Thb32.77 - High Nov 22

*PRICE: Thb32.58 @ 2300GMT

*SUP 1: Thb33.52 - Bollinger band base 

*SUP 2: Thb33.51 - 2017 Low Nov 28 

*SUP 3: Thb32.26 - Monthly Lows Apr 17 & 20 2015 

*SUP 4: Thb32.06 - Daily Bear channel base

*COMMENTARY: Continued fresh 2017 lows add weight to the bearish case with

overall focus on tests of the bear channel base. O/S daily studies and the

Bollinger bases remain key concerns for bears. In saying that, bulls need a

close above Thb32.77 to ease immediate bearish pressure and hint at a correction

back to Thb32.92-33.10 where 21 & 55-DMAs and the bear channel top are located.

DOLLAR-IDR TECHS: Idr13528-538 Resistance Region Key

*RES 4: Idr13605 - High Oct 30 

*RES 3: Idr13568 - Bollinger band top 

*RES 2: Idr13558 - Low Nov 13 

*RES 1: Idr13528 - 21-DMA

*PRICE: Idr13517 @ 2300GMT

*SUP 1: Idr13490 - Low Nov 7 

*SUP 2: Idr13478 - 55-DMA 

*SUP 3: Idr13455 - Low Oct 5 

*SUP 4: Idr13409 - 100-DMA

*COMMENTARY: The pair again remains capped by the 21-DMA. The Idr13558

resistance remains key with bulls still needing a close above to gain traction

above the 21-DMA and shift focus back to Idr13605-640. While the 21-DMA caps

immediate bearish focus remains on the 55-DMA with a close below last seen in

late Sept. Below the 55-DMA pressures 100 (Idr13409) & 200 (Idr13366) DMAs.

DOLLAR-INR TECHS: Immediate Focus On Bear Channel Base

*RES 4: Inr65.1375 - Low Nov 

*RES 3: Inr64.8848 - 200-DMA 

*RES 2: Inr64.8588 - 55-DMA 

*RES 1: Inr64.6075 - High Nov 28

*PRICE: Inr64.4100 @ 2300GMT

*SUP 1: Inr64.2929 - Bollinger band base 

*SUP 2: Inr64.2256 - Daily Bear channel base 

*SUP 3: Inr63.7750 - Monthly Low Sept 8 

*SUP 4: Inr63.5600 - 2017 Low Aug 3

*COMMENTARY: Failure to gain traction on pops above the LT falling TL

(Inr65.3234) off Nov 2016 highs in recent weeks resulted in a sell off that sees

bears focused on Inr64.2256 where the daily bear channel base is situated and a

close below to confirm focus on 2017 lows. Bulls need a close above the 200-DMA

to ease bearish pressure. Above Inr64.5425 is needed to end bearish hopes and

shift immediate focus to 2017 highs (Inr65.8900).

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

[TOPICS: MTABLE]