US Greenback, USD/SGD, USD/THB, USD/PHP, USD/IDR – ASEAN Technical Evaluation
- The US greenback was principally flat towards ASEAN currencies final week
- A broader uptrend for the US Greenback will stay in focus within the coming days
- What’s the best way ahead for USD/SGD, USD/THB, USD/PHP, USD/IDR?
Really helpful by Daniel Dubrovsky
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Singapore Greenback Technical Outlook – Bearish
The US Greenback traded flat towards the Singapore Greenback final week, however value motion was comparatively risky. USD/SGD retraced the Morning Star candlestick sample. Costs then confirmed the formation, opening the door for an extension greater. It’s concentrating on the September highs. Within the occasion of a flip quick, the rising trendline since August might restore broad upside focus.
USD/SGD Every day Chart
Chart created in Buying and selling View
Thai Baht Technical Outlook – Bearish
The US greenback was barely weaker towards the Indonesian rupiah final week. Nonetheless, USD/IDR was unable to interrupt underneath the rising development line since August. As such, the broader upside focus stays at play. Shifting features concentrate on September highs earlier than the beginning of 38.61. Within the occasion of a turning low, a affirmation breakout underneath the rising development line focuses on the 100-period SMA.
USD/THB Every day Chart
Chart created in Buying and selling View
Philippine Peso Technical Outlook – Barely Bearish
The US greenback was principally flat towards the Philippine peso final week. The principle help, which is the 61.8% Fibonacci extension at 58.41, held up. In the meantime, resistance, which is a 78.6% growth at 59.31, was held. A affirmation breakout above the latter opens the door for a resumption of the uptrend. In any other case, USD/PHP is going through a flip decrease with the 20- and 50-day Easy Shifting Averages (SMA).
Really helpful by Daniel Dubrovsky
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USD/PHP Every day Chart
Chart created in Buying and selling View
Indonesian Rupiah Technical Outlook – Barely Bearish
The US greenback traded principally flat towards the Indonesian rupiah final week. USD/IDR was unable to carry off above the 100% Fibonacci extension at 15275, leaving it as key resistance. The value can also be holding above the 20-day SMA, which helps to take care of an upward development. A breakout above resistance highlights a 123.6% extension to 15417.
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USD/IDR Every day Chart
Chart created in Buying and selling View
— Written by Daniel Dubrovsky, strategist at DailyFX.com
contact daniel @ddubrovskyFX on twitter
