MNI Dollar-Asian Morning FX Technical Analysis

29 August 2017

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: Above Sgd1.3582 To Ease Bearish Pressure

*RES 4: Sgd1.3677 - Bollinger band top 

*RES 3: Sgd1.3638 - High Aug 21 

*RES 2: Sgd1.3582 - Low Aug 14 now resistance 

*RES 1: Sgd1.3568 - High Aug 28

*PRICE: Sgd1.3542 @ 2300GMT

*SUP 1: Sgd1.3539 - Bollinger band base 

*SUP 2: Sgd1.3524 - 2017 Low Aug 28 

*SUP 3: Sgd1.3467 - 200-WMA 

*SUP 4: Sgd1.3430 - Monthly Low Sept 7 2016

*COMMENTARY: Hesitation ahead of the Sgd1.3638 resistance has taken its toll

with fresh 2017 lows to start the week and bears now focused on Sgd1.3430-67

where the 200-WMA and monthly lows are located. The Bollinger base is the key

concern for bears with potential to limit follow through. Layers of resistance

are weighing with bulls now needing a close above Sgd1.3582 to ease immediate

bearish pressure and above Sgd1.3638 to shift focus to Sgd1.3688-1.3720.

DOLLAR-WON TECHS: Bears Focused On 2017 Low

*RES 4: Krw1140.1 - Low Aug 18 now resistance

*RES 3: Krw1133.5 - 55-DMA

*RES 2: Krw1131.5 - High Aug 25

*RES 1: Krw1123.0 - Low Aug 3 now resistance

*PRICE: Krw1120.1 @ 2300GMT

*SUP 1: Krw1115.4 - Bollinger band base

*SUP 2: Krw1114.3 - High July 27 now support

*SUP 3: Krw1110.5 - 2017 Low Mar 28

*SUP 4: Krw1107.0 - Low Oct 10

*COMMENTARY: Failure to trouble the 200-DMA left the pair looking heavy

resulting in closes below 21, 55 & 100-DMAs last week. The gapping move below

Krw1123.0 adds weight to the bearish case with focus currently on tests of 2017

lows. Layers of resistance are following the pair lower. Bulls now need a close

above Krw1123.0 to gain breathing room and above the 55-DMA to shift focus back

to Krw1140.1-1148.1 where the 200-DMA (Krw1146.5) is located.

DOLLAR-MYR TECHS: Focus Shifts To 2017 Low

*RES 4: Myr4.3112 - High Aug 16 

*RES 3: Myr4.3085 - 100-DMA 

*RES 2: Myr4.2863 - 55-DMA 

*RES 1: Myr4.2760 - High Aug 28

*PRICE: Myr4.2690 @ 2300GMT

*SUP 1: Myr4.2625 - Low Aug 28 

*SUP 2: Myr4.2700 - Low Aug 11 

*SUP 3: Myr4.2664 - Low July 19 

*SUP 4: Myr4.2465 - 2017 Low June 20

*COMMENTARY: Broad sideways trading Myr4.2465-3270 continues with focus having

returned to the Myr4.2440-65 region where 2017 lows are located following the

most recent topside failure and close below the 55-DMA. Initial resistance is

noted at Myr4.2760 but bulls look for a close above the 55-DMA to ease bearish

pressure and shift focus back to Myr4.3085-3112 where the 100-DMA is situated.

DOLLAR-CNH TECHS: Below Cnh6.6152 Targets Cnh6.5246-5783

*RES 4: Cnh6.6839 - 21-DMA 

*RES 3: Cnh6.6748 - Low Aug 17 now resistance 

*RES 2: Cnh6.6539 - Low Aug 24 now resistance 

*RES 1: Cnh6.6413 - Monthly Low Sept 16 now resistance

*PRICE: Cnh6.6190 @ 2300GMT

*SUP 1: Cnh6.6159 - 2017 Low Aug 28 

*SUP 2: Cnh6.6152 - High June 15 2016 now support 

*SUP 3: Cnh6.5783 - Low June 24 2016 

*SUP 4: Cnh6.5389 - Monthly Low June 3 2016

*COMMENTARY: Failures ahead of the daily bear channel top (Cnh6.6690) continue

to result in fresh 2017 & 14mth lows that see immediate pressure on Cnh6.6152.

Bears now need a close below this level to confirm immediate focus on

Cnh6.5246-5783. O/S daily studies and the Bollinger base (Cnh6.6839) remain key

concerns for bears. Bulls now need a close above Cnh6.6539 to ease immediate

bearish pressure.

DOLLAR-PHP TECHS: Bears Focused On 21-DMA

*RES 4: Php51.700 - High Aug 3 2006 

*RES 3: Php51.630 - 2017 High Aug 18 

*RES 2: Php51.390 - Low Aug 18 now resistance 

*RES 1: Php51.145 - High Aug 28

*PRICE: Php51.080 @ 2300GMT

*SUP 1: Php50.900 - Lows Aug 11 & 14 

*SUP 2: Php50.840 - High July 25 now support 

*SUP 3: Php50.813 - 21-DMA 

*SUP 4: Php50.680 - High Aug 9 now support

*COMMENTARY: The lack of follow through on 2017 and 11year highs has resulted in

a close below Php51.090, easing bullish pressure and shifting immediate focus

back to Php50.813-900 where the 21-DMA is located. Correcting O/B daily studies

are adding weight to the bearish case. Bulls now look for a close above

Php51.145 to gain breathing room and above Php51.390 to reconfirm initial focus

on tests of Php51.630-700.

DOLLAR-THB TECHS: Immediate Focus On Thb32.98

*RES 4: Thb33.59 - 55-DMA 

*RES 3: Thb33.53 - High July 26 

*RES 2: Thb33.41 - High July 27 

*RES 1: Thb33.25 - 21-DMA

*PRICE: Thb33.18 @ 2300GMT

*SUP 1: Thb33.13 - Low May 5 2015 

*SUP 2: Thb32.98 - Monthly Low May 1 2015 

*SUP 3: Thb32.72 - Daily Bear channel base 

*SUP 4: Thb32.52 - Low Apr 27 2015

*COMMENTARY: Consolidation above the 21-DMA came to an end following the

inability of bulls to take out the Thb33.41 resistance. The sell-off has

resulted in fresh 2017 and 27mth lows as bears focus on the Thb32.98 May 2015

monthly low. Bulls now need a close above the 21-DMA to gain breathing room and

above Thb33.41 to shift immediate focus to Thb33.53-59 where the 55-DMA is

situated. The Bollinger base (Thb33.17) is the key concern for bears.

DOLLAR-IDR TECHS: Pressure Back on 55-DMA

*RES 4: Idr13415 - High May 19 

*RES 3: Idr13410 - High July 7 & 10 

*RES 2: Idr13380 - Low July 11 now resistance 

*RES 1: Idr13360 - 100-WMA

*PRICE: Idr13339 @ 2300GMT

*SUP 1: Idr13334 - 55-DMA 

*SUP 2: Idr13295 - Low July 19 

*SUP 3: Idr13270 - Low Apr 26 

*SUP 4: Idr13245 - 2017 Low Apr 13

*COMMENTARY: Broad sideways trading in a Idr13245-13415 range continues with

Idr13270-13380 on the narrow. Bulls continue to look for a close above Idr13380

to pressure Idr13415 and above this level to target Idr13485 2017 highs. Bears

still need a close below the 55-DMA to return focus to the lower end of the

dominant range. Bears look for a close below Idr13245 to initially target

Idr13175.

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

[TOPICS: MTABLE]