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.



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
Oil - US Crude
Wall Street
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
  • EUR/USD and GBP/USD are both testing resistance levels of note, with Cable putting in a massive move to start the week. Get your market update from @JStanleyFX here:
  • 10 out of 11 S&P 500 sectors ended lower, with 66.9% of the index’s constituents closing in the red. Consumer discretionary (-1.14%) and information technology (-0.88%) were among the worst performers, whereas real estate (+0.29%) registered a small gain.
  • What are some key takeaways for trading gold? Get your free insight here:
  • RT @KyleR_IG: With the @RBAInfo meeting minutes today, I had a look at a few $AUD/USD correlations. It's clearly been a commodity price an…
  • The US Dollar is looking increasingly vulnerable to ASEAN FX, with USD/SGD and USD/THB breaching key support. USD/IDR is eyeing a Rising Wedge, USD/PHP may face February lows. Get your $USD market update from @ddubrovskyFX here:
  • EUR/USD rocketed higher during early trade, reclaiming the 1.20 handle $EURUSD
  • @ddubrovskyFX 'The Four Candle Phenom'
  • AUD/USD appears to be on track to negate the head-and-shoulders formation from earlier this year as it clears the opening range for April. Get your $AUDUSD market update from @DavidJSong here:
  • @JohnKicklighter One Bear Pennant coming right up!
  • Anyone doing any good technical analysis on $COIN yet?
US Dollar Technical Outlook: USD/IDR, USD/PHP, USD/MYR, USD/SGD

US Dollar Technical Outlook: USD/IDR, USD/PHP, USD/MYR, USD/SGD

Daniel Dubrovsky, Strategist

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

  • USD/IDR gains curbed by 50-day SMA after 20-day taken out
  • USD/PHP downtrend resumes, establishing floor at 2017 lows
  • USD/MYR may fall as USD/SGD faces key falling tend line next

Indonesian Rupiah Technical Outlook

The US Dollar rose against the Indonesian Rupiah after USD/IDR pushed above the 20-day simple moving average (SMA). However, further gains were curbed by the 50-day SMA as well as direct intervention from the Bank of Indonesia, as expected. The latter may step in should IDR keep weakening. Key resistance sits above as highs from May 2019 (14484 – 14525). A turn lower here would place the focus on the 20-day SMA as well as the 78.6% Fibonacci retracement level at 14240. Downtrend resumption entails falling under 13935.

USD Forecast
USD Forecast
Recommended by Daniel Dubrovsky
What is the road ahead for the US Dollar in Q3?
Get My Guide

USD/IDR Daily Chart

US Dollar Technical Outlook: USD/IDR, USD/PHP, USD/MYR, USD/SGD

USD/IDR Chart Created in TradingView

Philippine Peso Technical Outlook

The Philippine Peso extended gains against the US Dollar as USD/PHP overcame fading downside momentum warning signs. As the pair fell through the 2018 low, prices paused declines on the 2017 floor (49.26 – 49.37). This area seems to have established itself as key support. Falling through here opens the door to testing the 61.8% Fibonacci extension at 48.93. The slope of depreciation seems to be guided by a falling support line from May. Overturning the downtrend entails taking out falling resistance from March.

Find your trading personality and optimal forms of analysis

USD/PHP Daily Chart

US Dollar Technical Outlook: USD/IDR, USD/PHP, USD/MYR, USD/SGD

USD/PHP Chart Created in TradingView

Malaysian Ringgit Technical Outlook

The US Dollar could be at risk to the Malaysian Ringgit after USD/MYR closed under the 20-day SMA, opening the door to a near term bearish technical bias. A close under 4.2650 could set the pair to retest lows from June (4.2350 – 4.2450). Confirming a break under this area exposes the March low at 4.1600. In the event of a turn higher from here, keep a close eye on the falling trend line from March – red line. That, as well as the 4.2930 – 4.3030 inflection range, could keep further gains at bay.

Top Trading Lessons
Top Trading Lessons
Recommended by Daniel Dubrovsky
How can you overcome common pitfalls in FX trading?
Get My Guide

USD/MYR Daily Chart

US Dollar Technical Outlook: USD/IDR, USD/PHP, USD/MYR, USD/SGD

USD/MYR Chart Created in TradingView

Singapore Dollar Technical Outlook

The Singapore Dollar continues to consolidate around the 20-day SMA against the US Dollar. Thus far, prices have remained wedged between support (1.3872) and resistance (1.3993). Yet, the longer the pair ranges, the closer the falling trend line from March approaches. This resistance could reinstate the dominant downward trajectory, perhaps opening the door to testing 1.3872 on the way towards June lows (1.3760 – 1.3805). A push above the trend line exposes the 1.4070 – 1.4113 inflection range.

Forex for Beginners
Forex for Beginners
Recommended by Daniel Dubrovsky
Learn how to become a more consistent forex trader
Get My Guide

USD/SGD Daily Chart

US Dollar Technical Outlook: USD/IDR, USD/PHP, USD/MYR, USD/SGD

USD/SGD Chart Created in TradingView

--- Written by Daniel Dubrovsky, 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.