The USD Mixed Week Against Asian Currencies, Leaving the Uptrend Intact.

USD/Asian Fx

The US Dollar saw a mixed week against Asian Fx. The USD ended little changed against the Singapore Dollar this past week, bringing the USD/SGD pair’s rise since the August low (1.3666) to a pause. A potential falling trendline might be forming from July as the rising support from February is keeping the uptrend intact.

This past week saw no meaningful progress, which calls for a neutral setting this week.

The USD slightly weakened against the Indonesian Rupiah last week after emerging a bearish Evening Star candlestick pattern. Furthermore, the USD barely rose against the Thai Baht last week.

The USD/THB currency pair could not clear the 38.2% Fibonacci extension at 36.1613. however, the bounce in the pair since early August is still obvious, offering a slightly bullish bias

The US Dollar traded relatively flat against the Philippine Peso last week. Causing the USD/PHP currency pair to reduce. Prices are cautiously pushing higher towards the July peak at 56.527, but progress has been slow. 

However, despite the recent trend and pattern the USD is following against other currencies, the dominant uptrends remain the market’s main focus.

The question on traders’ minds remains, “what is the way forward for USD/SDG, USD/IDR, USD/THB, USD/PHP?”

This Post Has 2 Comments

  1. Phone Tracker Free

    In order to completely clear your doubts, you can find out if your husband is cheating on you in real life in several ways, and assess what specific evidence you have before suspecting the other person is cheating.

  2. Phone Tracker Free

    How to recover deleted mobile text messages? There is no recycle bin for text messages, so how to restore text messages after deleting them?

Leave a Reply

Important Link

Fund Your Deriv Account
Withdraw Funds to Your Local Currency
VIP Trading Signals
Learn To Trade

Contact Us

Follow Us

Disclaimer

Forex, Crypto, Options, and Binary Options have both large potential rewards and large potential risks. Therefore, before investing or trading any of the assets, ensure you are aware of and willing to accept the accompanying risks. Do not trade money you cannot afford to lose.

All Rights Reserved. None of the content of this website can be published elsewhere by any means without the prior consent of the owner(s). Please, check our terms & conditions and privacy policy before continuing to use this website.

This website and its owner(s) are not in any way liable for any incurred loss, whether caused by the information provided on this website or otherwise. The use of this website, including the content and information provided, is the user’s sole liability.