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.

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
EUR/USD
Mixed
Oil - US Crude
Mixed
Wall Street
Mixed
Low
High
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
Gold
Mixed
GBP/USD
Mixed
USD/JPY
Mixed
More View more
Real Time News
  • this was the central focus of the q2 tech forecast on $USD. Monthly chart, resistance on underside of long-term trend channel after fibo support helped to provide the bounce in early-Q1 https://www.dailyfx.com/forex/market_alert/2021/04/04/USD-Q2-2021-Technical-Forecast.html https://t.co/vtSoeJ4dsi
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Silver are long at 92.55%, while traders in Germany 30 are at opposite extremes with 80.61%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/rs6RgWvlsG
  • Commodities Update: As of 16:00, these are your best and worst performers based on the London trading schedule: Oil - US Crude: 0.27% Gold: -0.27% Silver: -0.90% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/XXWvUv4FbP
  • US Indices are all trading in the red today, with Tech and Small Caps both down over 1%. DOW -0.53% SPX -0.71% NDX -1.30% RUT -1.58% $DIA $SPY $QQQ $IWM
  • USD/CAD trades to a fresh monthly low (1.2471) following the failed attempt to push back above the 50-Day SMA (1.2585). Get your $USDCAD market update from @DavidJSong here:https://t.co/H4HSs3F399 https://t.co/XNCeAY4VJS
  • Forex Update: As of 16:00, these are your best and worst performers based on the London trading schedule: 🇬🇧GBP: 1.01% 🇯🇵JPY: 0.65% 🇨🇭CHF: 0.50% 🇪🇺EUR: 0.41% 🇦🇺AUD: 0.33% 🇨🇦CAD: -0.12% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/84xpQjIXNy
  • The Cable Come Back $GBPUSD hard charging for that 1.4000 handle - the same that rebuked the advance multiple times in March https://t.co/8LCcOxhGVF
  • $USD now down to the next fibo level, trying to grasp on to the 618 Q2 reversal theme still in play https://t.co/2VG2DW5lX5 https://t.co/vjzCG0gxHk
  • Indices Update: As of 16:00, these are your best and worst performers based on the London trading schedule: France 40: -0.19% FTSE 100: -0.20% Germany 30: -0.21% Wall Street: -0.40% US 500: -0.58% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/lcRh4V7LPH
  • $Gold pulling back, support potential around prior neckline from the double bottom formation $GC https://t.co/zn5e1byJPx https://t.co/ImAEGmKN4G
US Dollar Breakouts Seek Follow-Through: USD/SGD, USD/PHP, USD/THB, USD/IDR

US Dollar Breakouts Seek Follow-Through: USD/SGD, USD/PHP, USD/THB, USD/IDR

Daniel Dubrovsky, Strategist

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

  • USD/SGD is turning higher within a bearish Rectangle chart pattern
  • USD/PHP soars, pressuring pivotal 200-day simple moving average
  • USD/THB and USD/IDR also broke higher, will momentum carry?
Top Trading Lessons
Top Trading Lessons
Recommended by Daniel Dubrovsky
How can you overcome common pitfalls in FX trading?
Get My Guide

Singapore Dollar Technical Outlook

Recently, the US Dollar has been making cautious progress against ASEAN currencies, including the Singapore Dollar. USD/SGD appears to be consolidating within a Bearish Rectangle, having bounced off the floor which makes for a zone of support between 1.3158 and 1.3215. That may place the focus on the ceiling, with resistance between 1.3375 and 1.3404. A breakout under the rectangle would expose lows from 2018. On the other hand, a push above the ceiling may place the focus on a falling zone of resistance from June.

USD/SGD Daily Chart

US Dollar Breakouts Seek Follow-Through: USD/SGD, USD/PHP, USD/THB, USD/IDR

USD/SGD Chart Created in TradingView

Philippine Peso Technical Outlook

The Philippine Peso has been particularly under pressure against the US Dollar as of late, following persistent low volatility. USD/PHP is trading around the highest since August, with the pair pressuring the long-term 200-day Simple Moving Average. A climb above this line, as well as the 48.68 – 48.82 resistance zone, would expose the 49.31 inflection point from early July – see chart below. Otherwise, a turn lower places the focus on the 48.36 – 48.28 inflection zone.

Top Trading Opportunities in 2021
Top Trading Opportunities in 2021
Recommended by Daniel Dubrovsky
What are the top trading opportunities this year?
Get My Guide

USD/PHP Daily Chart

US Dollar Breakouts Seek Follow-Through: USD/SGD, USD/PHP, USD/THB, USD/IDR

USD/PHP Chart Created in TradingView

Thai Baht Technical Outlook

The Thai Baht is also under pressure, with USD/THB trading around its highest since late November. Moreover, the pair broke above a Descending Triangle chart pattern, opening the door to extending gains. That may place the focus on a potential falling trendline from April, it could reinstate the dominant focus to the downside. Above also sits the 30.35 – 30.44 resistance zone. A climb above these would expose the former low from June. Downtrend resumption entails a drop through the December low at 29.75.

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

USD/THB Daily Chart

USD/THB Daily Chart

USD/THB Chart Created in TradingView

Indonesian Rupiah Technical Outlook

The US Dollar broke higher against the Indonesian Rupiah, with USD/IDR confirming a push above a falling zone of resistance from September. Now, the pair may be eyeing the 100-day SMA which could reinstate the focus to the downside. The 14280 resistance point is another potentially pivotal point, a break above it would expose the 14525 – 14563 inflection point. Otherwise, a turn lower from here would place the focus on the 13870 – 14012 support zone.

For updates on ASEAN currencies as they break key technical levels, be sure to follow me on Twitter @ddubrovskyFX.

USD/IDR Daily Chart

US Dollar Breakouts Seek Follow-Through: USD/SGD, USD/PHP, USD/THB, USD/IDR

USD/IDR Chart Created in TradingView

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

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.

DISCLOSURES