Skip to Content
News & Analysis at your fingertips.

We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.
You can learn more about our cookie policy here, or by following the link at the bottom of any page on our site. See our updated Privacy Policy here.

0

Notifications

Notifications below are based on filters which can be adjusted via Economic and Webinar Calendar pages.

Live Webinar

Live Webinar Events

0

Economic Calendar

Economic Calendar Events

0
Free Trading Guides
Subscribe
Please try again
More View More
US Dollar Technical Outlook for the Week Ahead: USD/SGD, USD/THB, USD/PHP, USD/IDR

US Dollar Technical Outlook for the Week Ahead: USD/SGD, USD/THB, USD/PHP, USD/IDR

Daniel Dubrovsky, Senior Strategist

US Dollar, USD/SGD, USD/THB, USD/PHP, USD/IDR – ASEAN Technical Analysis

  • US Dollar was mostly flat against ASEAN currencies this past week
  • Broader uptrends remain in focus for the US Dollar in days ahead
  • What is the road ahead for USD/SGD, USD/THB, USD/PHP, USD/IDR?

USD Forecast
USD Forecast
Recommended by Daniel Dubrovsky
Get Your Free USD Forecast
Get My Guide

Singapore Dollar Technical Outlook – Bearish

The US Dollar traded flat against the Singapore Dollar last week, but price action was relatively volatile. USD/SGD left behind a bullish Morning Star candlestick pattern. Prices then confirmed the formation, opening the door to extending higher. That is placing the focus on the September high. In the event of a turn lower, the rising trendline from August could reinstate the broader upside focus.

USD/SGD Daily Chart

USD/SGD Daily Chart

Chart Created in TradingView

Thai Baht Technical Outlook – Bearish

The US Dollar was slightly weaker against the Indonesian Rupiah last week. However, USD/IDR was unable to fall under the rising trendline from August. As such, the broader upside focus remains in play. Extending gains place the focus on September highs before 38.61 kicks in. In the event of a turn lower, a confirmatory breakout under the rising trendline places the focus on the 100-period SMA.

USD/THB Daily Chart

USD/THB Daily Chart

Chart Created in TradingView

Philippine Peso Technical Outlook – Slightly Bearish

The US Dollar was mostly flat against the Philippine Peso this past week. Key support, which is the 61.8% Fibonacci extension at 58.41, held. Meanwhile, resistance, which is the 78.6% extension at 59.31, was held. A confirmatory breakout above the latter opens the door to uptrend resumption. Otherwise, a turn lower has USD/PHP facing the 20- and 50-day Simple Moving Averages (SMAs).

The Fundamentals of Breakout Trading
The Fundamentals of Breakout Trading
Recommended by Daniel Dubrovsky
The Fundamentals of Breakout Trading
Get My Guide

USD/PHP Daily Chart

USD/PHP Daily Chart

Chart Created in TradingView

Indonesian Rupiah Technical Outlook – Slightly Bearish

The US Dollar traded mostly flat against the Indonesian Rupiah this past week. USD/IDR was unable to hold a close above the 100% Fibonacci extension at 15275, leaving it as key resistance. Prices also remain above the 20-day SMA, which is helping maintain the upside focus. A breakout above resistance exposes the 123.6% extension at 15417.

Trade Smarter - Sign up for the DailyFX Newsletter

Receive timely and compelling market commentary from the DailyFX team

Subscribe to Newsletter

USD/IDR Daily Chart

USD/IDR Daily Chart

Chart Created in TradingView

--- Written by Daniel Dubrovsky, Strategist for DailyFX.com

Contact Daniel at @ddubrovskyFX on Twitter

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.

DISCLOSURES