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
EUR/USD
Bullish
Oil - US Crude
Mixed
Wall Street
Bullish
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
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
GBP/USD
Bullish
USD/JPY
Mixed
More View more
Real Time News
  • 🇺🇸 Michigan 5 Year Inflation Expectations Final (JUN) Actual: 2.8% Previous: 3% https://www.dailyfx.com/economic-calendar#2021-06-25
  • 🇺🇸 Michigan Inflation Expectations Final (JUN) Actual: 4.2% Previous: 4.6% https://www.dailyfx.com/economic-calendar#2021-06-25
  • 🇺🇸 Michigan Consumer Sentiment Final (JUN) Actual: 85.5 Expected: 86.5 Previous: 82.9 https://www.dailyfx.com/economic-calendar#2021-06-25
  • USD extending dip post in-line Core PCE, nearing 200DMA (91.47) - Euro at fresh highs for the week (200DMA = 1.1998)
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Silver are long at 91.32%, while traders in AUD/JPY are at opposite extremes with 68.50%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/qo6QSXtJ3m
  • Commodities Update: As of 13:00, these are your best and worst performers based on the London trading schedule: Silver: 1.03% Gold: 0.69% Oil - US Crude: 0.45% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/VatqhgPncw
  • Heads Up:🇺🇸 Michigan 5 Year Inflation Expectations Final (JUN) due at 14:00 GMT (15min) Previous: 3% https://www.dailyfx.com/economic-calendar#2021-06-25
  • Heads Up:🇺🇸 Michigan Inflation Expectations Final (JUN) due at 14:00 GMT (15min) Previous: 4.6% https://www.dailyfx.com/economic-calendar#2021-06-25
  • Heads Up:🇺🇸 Michigan Consumer Sentiment Final (JUN) due at 14:00 GMT (15min) Expected: 86.5 Previous: 82.9 https://www.dailyfx.com/economic-calendar#2021-06-25
  • Indices Update: As of 13:00, these are your best and worst performers based on the London trading schedule: Wall Street: 0.48% FTSE 100: 0.24% US 500: 0.19% Germany 30: -0.12% France 40: -0.23% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/5bzIG5Y7hd
US Dollar Technical Outlook: USD/SGD, USD/THB, USD/IDR, USD/PHP

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

Daniel Dubrovsky, Strategist

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

Singapore Dollar Technical Outlook

The US Dollar continues to consolidate against the Singapore Dollar, but with what seems to be a slight downside bias. There was a bearish crossover between the 20- and 50-period Simple Moving Averages in April that remains in play. Falling resistance from March also seems to be maintaining the downside bias. A daily close under the 78.6% Fibonacci retracement at 1.3238 may open the door to revisiting the key 1.3158 – 1.3189 support zone.

USD/SGD Daily Chart

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

Chart Created in TradingView

Thai Baht Technical Outlook

USD/THB seems to be brewing a Cup and Handle chart pattern. A push above the handle on the right could open the door to extending February’s bottom, placing the focus on the July high at 31.858 – see chart below. The 50-day SMA also seems to be maintaining the near-term focus to the upside. Still, prices may continue oscillating within the handle in a steady downtrend. More aggressive losses could open the door to revisiting the 30.804 – 30.864 inflection zone.

USD/THB Daily Chart

USD/THB

Chart Created in TradingView

Indonesian Rupiah Technical Outlook

USD/IDR remains in a near-term downtrend despite establishing support at 14195 and bouncing off it. The pair may continue to the downside given the bearish implications of a Rising Wedge breakout and ‘Death Cross’ between the 20-day and 50-day SMAs. Resuming the downtrend may open the door to revisiting February lows. Otherwise, pushing above the 50-day SMA exposes the 23.6% Fibonacci retracement at 14462. Beyond the latter sits the April peak.

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 Technical Outlook: USD/SGD, USD/THB, USD/IDR, USD/PHP

Chart Created in TradingView

Philippine Peso Technical Outlook

USD/PHP could be readying to turn higher and bounce off the 47.678 – 47.867 support zone. Positive RSI divergence continues to show that downside momentum is fading which can at times precede a turn higher. Such an outcome would likely place the focus on the 20-day SMA as immediate resistance. If the line fails to maintain the downside bias, that would subsequently expose the 50-day SMA. Otherwise, downtrend resumption exposes the 123.6% Fibonacci extension at 47.5795.

USD/PHP Daily Chart

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

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