US Greenback, USD/SGD, USD/THB, USD/PHP, USD/IDR – ASEAN Technical Evaluation
- US Greenback was largely flat towards ASEAN currencies this previous week
- Broader uptrends stay in focus for the US Greenback in days forward
- What’s the highway forward for USD/SGD, USD/THB, USD/PHP, USD/IDR?
Singapore Greenback Technical Outlook – Bearish
The US Greenback traded flat towards the Singapore Greenback final week, however worth motion was comparatively risky. USD/SGD left behind a bullish Morning Star candlestick sample. Costs then confirmed the formation, opening the door to extending larger. That’s inserting the give attention to the September excessive. Within the occasion of a flip decrease, the rising trendline from August may reinstate the broader upside focus.
USD/SGD Day by day Chart
Chart Created in TradingView
Thai Baht Technical Outlook – Bearish
The US Greenback was barely weaker towards the Indonesian Rupiah final week. Nonetheless, USD/IDR was unable to fall underneath the rising trendline from August. As such, the broader upside focus stays in play. Extending beneficial properties place the give attention to September highs earlier than 38.61 kicks in. Within the occasion of a flip decrease, a confirmatory breakout underneath the rising trendline locations the give attention to the 100-period SMA.
USD/THB Day by day Chart
Chart Created in TradingView
Philippine Peso Technical Outlook – Barely Bearish
The US Greenback was largely flat towards the Philippine Peso this previous week. Key help, which is the 61.8% Fibonacci extension at 58.41, held. In the meantime, resistance, which is the 78.6% extension at 59.31, was held. A confirmatory breakout above the latter opens the door to uptrend resumption. In any other case, a flip decrease has USD/PHP dealing with the 20- and 50-day Easy Transferring Averages (SMAs).
USD/PHP Day by day Chart
Chart Created in TradingView
Indonesian Rupiah Technical Outlook – Barely Bearish
The US Greenback traded largely flat towards the Indonesian Rupiah this previous week. USD/IDR was unable to carry a detailed above the 100% Fibonacci extension at 15275, leaving it as key resistance. Costs additionally stay above the 20-day SMA, which helps preserve the upside focus. A breakout above resistance exposes the 123.6% extension at 15417.
USD/IDR Day by day Chart
Chart Created in TradingView
— Written by Daniel Dubrovsky, Strategist for DailyFX.com
Contact Daniel at @ddubrovskyFX on Twitter
DailyFX offers foreign exchange information and technical evaluation on the traits that affect the worldwide foreign money markets.
