Daily Outlook on Asian currency


DAILY USD/SGD OUTLOOK - 1.2430

27 Mar 2013 03:00GMT

Usd’s intra-day strg rebound suggests corrective fall fm last week’s 1.2529 high has made a low at 1.2397, abv 1.2450 wud confirm, 1.2464.

Buy on dips for this move n below 1.2399 wud risk one more fall twd 1.2388 b4 recovery.

STRATEGY : Buy at 1.2410

OBJECTIVE : 1.2450

STOP-LOSS : 1.2390

RES : 1.2450/1.2485/1.2508

SUP : 1.2397/1.2388/1.2348


[B]USD/IDR DAILY OUTLOOK – 9715

29 Mar 2013 01:50GMT [/B]

Despite usd’s retreat fm 9745, downside shud be
ltd to 9700/05 n bring another rise to said 9745,
break wud yield re-test of chart res at 9770.

Trade fm long side with stop as indicated, below
wud prolong choppy trading n risk weakness to 9685.

STRATEGY : Long at 9710
POSITION : Long at 9710
OBJECTIVE : 9755
STOP-LOSS : 9695
RES : 9745 / 9770 / 9850
SUP : 9705 / 9685 / 9655


USD/IDR DAILY OUTLOOK – 9720
01 Apr 2013 01:41GMT

Despite usd’s retreat fm 9745, downside shud be ltd to 9700/05 n bring a re-test of said res, abv wud extend gain to 9755 but 9770 top shud hold.

Trade fm long side with stop as indicated, below wud prolong choppy trading n risk weakness to 9685.

STRATEGY : Long at 9710

POSITION : Long at 9710

OBJECTIVE : 9755

STOP-LOSS : 9695

RES : 9745 / 9770 / 9850

SUP : 9705 / 9685 / 9655


DAILY USD/SGD OUTLOOK - 1.2382

04 Apr 2013 02:41GMT

Despite usd’s retreat fm 1.2403 to 1.2368 y’day, subsequent rebound suggests consolidation abv 1.23 62 (Tue) is seen, abv 1.2403 wud yield 1.2426.

On the downside, below said sup wud confirm dec line fm 1.2529 (Mar) has resumed, 1.2348.

STRATEGY : Stand aside

RES : 1.2403/1.2426/1.2452

SUP : 1.2362/1.2348/1.2331


DAILY USD/KRW OUTLOOK - 1137.0

09 Apr 2013 05:30GMT

As usd has fallen again after recovery fm 1135.2 to 1141.3, suggesting MT upmove has made a temp. top at 1145.3 n retrace. to 1131.8 may be seen.

On the upside, only abv 1141.3 res wud revive bullishness n yield re-test of 1145.3. Stand aside.

STRATEGY : Stand aside

RES : 1141.3/1145.3/1147.6

SUP : 1135.2/1131.8/1125.7


DAILY USD/SGD OUTLOOK - 1.2370

10 Apr 2013 02:31GMT

Usd’s breach of 1.2377 sup signals recovery fm last wk’s 1.2362 low has ended at 1.2428, below said low wud extend decline fm 1.2529 twd 1.2331.

Low short entry for this move n only abv 1.2426/
28 wu signal a temp. low is made, 1.2452.

STRATEGY : Sell at 1.2390

OBJECTIVE : 1.2340

STOP-LOSS : 1.2415

RES : 1.2428/1.2452/1.2485

SUP : 1.2362/1.2348/1.2331


WEEKLY USD/SGD OUTLOOK - 1.2372

15 Apr 2013 04:00GMT

Usd’s fall fm 1.2529 (Mar) to 1.2351 today suggests said move to retrace MT rise fm 2012 1-year trough at 1.2152 wud extend to 1.2320 later in Apr.

Look to sell again on further recovery twd 1.24 28 n only abv 1.2461 signals pullback over, 1.2500.

STRATEGY : Sell at 1.2420

OBJECTIVE : 1.2320

STOP-LOSS : 1.2470

RES : 1.2428/1.2454/1.2529

SUP : 1.2342/1.2298/1.2223


DAILY USD/SGD OUTLOOK - 1.2350

29 Apr 2013 06:40GMT

Usd’s breach of Fri’s low at 1.2356 signals rise fm Apr’s 1.2318 low has ended at 1.2437 n re-test of said sup wud be seen after consolidation.

Trade fm short side with stop now as indicated, abv wud defer bearishness n risk gain to 1.2374

STRATEGY : Short at 1.2375

POSITION : Short at 1.2375

OBJECTIVE : 1.2345

STOP-LOSS : 1.2360

RES : 1.2374/1.2396/1.2437

SUP : 1.2318/1.2306/1.2298


USD/IDR DAILY OUTLOOK – 9720

30 Apr 2013 02:26GMT

Usd’s strg rebound fm 9660 (Apr) to 9725/30 signal pullback fm 9755 has ended there but break of
said res is needed to extend twd 9770.

Buy on dips for 9750 1st with stop as indicated, below wud prolong choppy trading n risk 9660.

STRATEGY : Buy at 9705

OBJECTIVE : 9750

STOP-LOSS : 9685

RES : 9755 / 9770 / 9800

SUP : 9660 / 9605 / 9580