USD/SGD is hesitating a little following fresh 2014 and 4+ year highs last week with bears continuing to look for a close below Sgd1.3177 to ease bullish pressure. Overall bears need a close below Sgd1.3077 to confirm a break of the channel base and 21-DMA and to shift immediate focus to the Sgd1.2955-00 region where the 55-DMA is located. While Sgd1.3177 supports immediate bullish focus remains on the
Sgd1.3376-1.3421 region.
RES 4: Sgd1.3421 – Rising daily trend line projection
RES 3: Sgd1.3376 – Rising daily channel top
RES 2: Sgd1.3295 – High Sept 22 2010
RES 1: Sgd1.3256 – 2014 High Dec 24
LPRICE: Sgd1.3233
SUP 1: Sgd1.3177 – Low Dec 23
SUP 2: Sgd1.3077 – Alternating daily support/resistance
SUP 3: Sgd1.3000 – Low Dec 17
SUP 4: Sgd1.2955 – Low Nov 27
USD/KRW managed a spike above the 21-DMA (Krw1104.0) last week after having recently been capped at this level although dollar-won retreated from the Krw1108.6 resistance. Bulls continue to look for a close above Krw1108.6 to confirm a break the 21-DMA and to shift immediate focus back to the 2014 high with the Bollinger band top noted just below. Bears need a close below Krw1094.3 to confirm bearish pressure with below Krw1080.7 needed to confirm a break of the 55-DMA and target Krw1048.8-1063.3.
RES 4: Krw1121.7 – 2014 High Dec 8
RES 3: Krw1119.0 – Bollinger band top
RES 2: Krw1114.8 – High Dec 9
RES 1: Krw1108.6 – High Dec 10
LPRICE: Krw1098.65
SUP 1: Krw1094.3 – Low Dec 22
SUP 2: Krw1080.7 – Low Dec 17
SUP 3: Krw1074.7 – 61.8% Fibonacci 1045.6-1121.8
SUP 4: Krw1071.5 – Low Nov 3
The pullback from recent 2014 highs has found support around the Myr3.4650 level with the Myr3.4385-3.4650 region seen as key support. Bears look for a close below this region to confirm a break of the 21-DMA and to shift immediate focus to the Myr3.3680-3.4040 support region. While Myr3.4650 supports bulls retain the upper hand with a break above Myr3.5090 targeting Myr3.5480-3.5785.
RES 4: Myr3.5785 – High July 17 2009
RES 3: Myr3.5480 – High Aug 19 2009
RES 2: Myr3.5431 – Bollinger band top
RES 1: Myr3.5090 – High Sept 14 2009
LPRICE: Myr3.4911
SUP 1: Myr3.4650 – Low Dec 18
SUP 2: Myr3.4385 – Previous 2014 High Dec 1 now support
SUP 3: Myr3.4040 – Low Dec 1
SUP 4: Myr3.3845 – High Nov 28 now support
The Cnh6.2041 support is seen as key this week with bears needing a close below to hint at a deeper correction with a close below the 200-DMA (Cnh6.1843) needed to confirm. The key concern for bulls comes from correcting O/B daily studies which may limit topside follow through with bulls needing a close above Cnh6.2360 to reconfirm bullish focus on 2014 highs.
RES 4: Cnh6.2632 – Monthly high June 5
RES 3: Cnh6.2533 – 200-WMA
RES 2: Cnh6.2449 – Bollinger band top
RES 1: Cnh6.2360 – High June 18
LPRICE: Cnh6.2161
SUP 1: Cnh6.2041 – Low Dec 26
SUP 2: Cnh6.1926 – 21-DMA
SUP 3: Cnh6.1855 – Low Dec 12
SUP 4: Cnh6.1680 – High Dec 1 now support
The Php44.870 resistance level remains key with bulls needing a close above to confirm breaks of 21 & 55-DMAs and to shift immediate focus back to the Nov monthly high. While Php44.870 caps bears retain the upper hand with focus remaining on the Php44.277-470 region where 100 & 200-DMAs are located. Overall the Php44.470 & Php44.870 levels are seen as key with breaks of either side dictating direction.
RES 4: Php45.150 – Monthly High Nov 20
RES 3: Php44.985 – High Nov 25
RES 2: Php44.950 – Ichimoku cloud top
RES 1: Php44.870 – High Dec 16
LPRICE: Php44.681
SUP 1: Php44.470 – Low Dec 11
SUP 2: Php44.443 – 100-DMA
SUP 3: Php44.360 – Low Apr 14
SUP 4: Php44.277 – 200-DMA
Recent pressure on the rising daily channel base off Oct lows has resulted in a close below Thursday that sees immediate focus shift to the Thb32.69-73 region where the 55-DMA is located. Bears now need a close below Thb32.69 to end bullish hopes and shift focus to the Thb32.40-45 region where 100 & 200-DMAs are located. Bulls look for a close above Thb33.00 to reconfirm bullish focus with the Bollinger band
top seen as the key concern.
RES 4: Thb33.22 – High Feb 22 2010
RES 3: Thb33.13 – 2014 High Jan 6
RES 2: Thb33.10 – High Dec 8
RES 1: Thb33.01 – Bollinger band top
LPRICE: Thb32.90
SUP 1: Thb32.73 – Low Dec 11
SUP 2: Thb32.72 – 55-DMA
SUP 3: Thb32.69 – Low Nov 10
SUP 4: Thb32.55 – Low Nov 4
The correction from recent 2014 and record highs has begun to pause ahead of the Idr12365-12390 region where the 21-DMA is located. Bulls continue to look for a close above Idr12545 to confirm an easing of bearish pressure and above Idr12660 needed to shift focus back to 2014 highs. Bears now look for a close below Idr12365 to confirm a break of the 21-DMA and see bears targeting the Idr12216-12250 region
where the 55-DMA is located.
RES 4: Idr12930 – 2014 High Dec 16
RES 3: Idr12695 – Bollinger band top
RES 2: Idr12660 – High Dec 18
RES 1: Idr12545 – High Dec 19
LPRICE: Idr12463
SUP 1: Idr12420 – Low Dec 22
SUP 2: Idr12365 – High Dec 8 now support
SUP 3: Idr12290 – Low Dec 5
SUP 4: Idr12250 – High Oct 16 now support
Following the recent 2014 highs that fell just short of the Inr63.900 resistance level USD/INR has struggled topside with daily studies at O/B levels and looking to correct lower. The Inr62.945 support remains key with bears needing a close below to confirm an easing of bullish pressure and to shift immediate focus to the Inr62. 505-564 region. Bulls now need fresh 2014 highs and a bullish close to reconfirm the bullish bias and target Inr64.54-00.
RES 4: Inr65.000 – Low Sept 6 2013 now resistance
RES 3: Inr64.540 – High Sept 10 2013
RES 2: Inr63.900 – High Nov 13 2013
RES 1: Inr63.890 – 2014 High Dec 17
LPRICE: Inr63.557
SUP 1: Inr62.945 – High Dec 15 now support
SUP 2: Inr62.564 – 21-DMA
SUP 3: Inr62.505 – High Dec 12 now support
SUP 4: Inr62.118 – Low Dec 11