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.



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

Live Webinar

Live Webinar Events


Economic Calendar

Economic Calendar Events

Free Trading Guides
Please try again
of clients are net long.
of clients are net short.
Long Short

Note: Low and High figures are for the trading day.

Data provided by
More View more
Real Time News
  • Many people are attracted to forex trading due to the amount of leverage that brokers provide. Leverage allows traders to gain more exposure in financial markets than what they are required to pay for. Learn about FX leverage here:
  • - Unreal atmosphere - Shame about the result, but no complaints - Usyk masterclass - Heavyweight division blown wide open
  • The USD could still rally a bit from here, but has resistance not far ahead that it will need to overcome if it is to extend to a larger degree. Get your weekly $USD technical forecast from @PaulRobinsonFX here:
  • When it comes to buying and selling forex, traders have unique styles and approaches. Learn about buying and selling forex here:
  • Slippage can be a common occurrence in forex trading but is often misunderstood. Understanding how forex slippage occurs can enable a trader to minimize negative slippage, while potentially maximizing positive slippage. Learn about FX slippage here:
  • What is your forex trading style? Take the quiz and find out:
  • Greed is a natural human emotion that affects individuals to varying degrees. Unfortunately, when viewed in the context of trading, greed has proven to be a hindrance more often than it has assisted traders. Learn how to control greed in trading here:
  • The results of this weekend’s German Federal Election will likely dominate Euro sentiment at the start of the week ahead but after a possible EUR/USD bounce they will have little long-term impact. Get your weekly $EUR forecast from @MartinSEssex here:
  • The Consumer Price Index, better known by the acronym CPI, is an important economic indicator released on a regular basis by major economies to give a timely glimpse into current growth and inflation levels. Learn how to better understand CPI here:
  • A currency carry trade involves borrowing a low-yielding currency in order to buy a higher yielding currency in an attempt to profit from the interest rate differential. Find out if the carry trade suits your trading style here:
USD/SGD Rise at Risk, Last Line of Defense Holds USD/PHP Uptrend

USD/SGD Rise at Risk, Last Line of Defense Holds USD/PHP Uptrend

Daniel Dubrovsky, Strategist


  • USD/SGD making bold upside push as bearish reversal warning sign pops up
  • Last line of defense is keeping the dominant uptrend in USD/PHP prices intact
  • USD/MYR eyes October 2017 resistance as USD/IDR remains in consolidation

We released our 4Q forecasts for currencies like the US Dollar in the DailyFX Trading Guides page

USD/SGD Technical Analysis – Upside Momentum is Fading

The Singapore Dollar is quickly losing ground against its US counterpart after USD/SGD closed at its highest since July 2017. The pair has broken above a horizontal resistance line around 1.38185 and remains supported by a rising trend line from September. However, negative RSI divergence warns that upside momentum is fading. Should 1.38633 hold, 1.38185 would be critical to watch in the event of a reversal. Meanwhile, an ascent above 1.38633 exposes the June 2017 highs.

USD/SGD Daily Chart

USD/SGD Rise at Risk, Last Line of Defense Holds USD/PHP Uptrend

USD/PHP Technical Analysis – Dominant Uptrend At Risk

The last line of defense is keeping USD/PHP at bay since it started a near-term descent back in the beginning of October. A horizontal range of former resistance now support (53.59 – 53.74) was unable to prevent further loses. Now, a break through the rising trend line from May risks overturning the dominant uptrend. Such an outcome may precede further appreciation in the Philippine Peso. This would expose near-term support at 53.24 which is the late August low. A descent through that opens the door to testing 52.80 afterwards.

USD/PHP Daily Chart

USD/SGD Rise at Risk, Last Line of Defense Holds USD/PHP Uptrend

USD/MYR Technical Analysis – Eyeing Horizontal Resistance from October 2017

On a weekly chart, USD/MYR has positioned itself to close above former horizontal support which kept prices from falling back in the latter half of 2017 on numerous occasions. Meanwhile the pair’s uptrend since April continues to be supported by rising trend lines. More weakness in the Malaysian Ringgit against the US Dollar will have it eyeing 4.2425 which is horizontal resistance from October 2017.

USD/MYR Weekly Chart

USD/SGD Rise at Risk, Last Line of Defense Holds USD/PHP Uptrend

USD/IDR Technical Analysis – Still in Consolidation Mode

Despite bearish reversal warning signs pointed out last week, USD/IDR still remains in a consolidation mode. The Indonesian Rupiah is hovering around the 38.2% Fibonacci extension at 15,198. Negative RSI divergence still persists on the weekly chart, warning that its next leg could be lower. Should sideways price action resume, the pair will eventually face a rising support line from August. If this breaks, near-term support at 14,930 could be eyed. Meanwhile a push above immediate resistance exposes 15,457.

USD/IDR Weekly Chart

USD/SGD Rise at Risk, Last Line of Defense Holds USD/PHP Uptrend

**All Charts Created in TradingView

Read this week’s ASEAN fundamental outlook to learn about the underlying drivers for these currencies!

FX Trading Resources

--- Written by Daniel Dubrovsky, Junior Currency Analyst for

To contact Daniel, use the comments section below or @ddubrovskyFX on Twitter

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