EM FX Forecasts V USD and CNY, BRL
In the this post, forecasts, targets and weekly ranges for USD V MXN, RON, RUB, PHP, THB, TRY, BRL, MYR, PLN, SGD, CZK, HUF, ILS, INR, ZAR, CNY.
USD/CNY Close 6.9405. Overbought. Weekly range 6.9348 -6.8992. Target 6.8992. Must break 6.9704. Below 6.8636 targets 6.8280.
USD/BRL Close 3.9800, Deeply overbought. Short target 3.9230 then 3.8590. Must cross 3.8910. Weekly Range 3.8590 -3.9230. Below 3.8270 targets 3.7950.
USD/SGD Close 1.3773. Deeply overbought. Short target 1.3692 on break 1.3734. Weekly range 1.3692 -1.3776. Below 1.3650 targets 1.3608.
USD/CZK Close 23.1790. Short target 23.0156 on break 23.1488. Weekly Range 23.2820 - 23.0156. Break 22.8824 targets 22.7492.
USD/ILS Close 3.4939. Oversold. Short 3.4723 to target 3.5153. Weekly range 3.4293 -3.5153. Break 3.5583 targets 3.6013.
USD/INR Close 69.7000. Overbought. Short 70.0881 to target 69.6925. Weekly Range 70.4837 -69.6925. Break 69.2969 targets 68.9013.
USD/MYR Close 4.1575. Deeply overbought. Short target 4.1403 on break 4.1496. Weekly Range 4.1403 -4.1589. Break 4.1310 targets 4.1217.
USD/HUF Close 294.6400. Overbought. Short target 293.1945. Bonus short point 296.7659. Weekly Range 300.3375 -293.1945. Break 289.6230 targets 286.0515.
USD/THB Close 30.7150. Overbought. Short target 31.4329. Sell point 31.7613. Must cross 31.5971. Weekly range 32.0897 -31.4329. Break 31.1045 targets 30.7761.
USD/TRY Close 5.5611. Oversold. Good long point 5.5294 to target 5.5719. Weekly range 5.4021 -5.5719. Break 5.6568 targets 5.7417. Wide range Currency Pair.
USD/ZAR. Close 14.7885. Deeply overbought. Short target 14.5098 then 14.4134. Break 14.2206 targets 14.1242. Wide range currency pair.
USD/MXN. Close 19.3055. Severely overbought. Short target 19.2077 on break 19.2793. Weekly Range 19.3509 -19.2077. Break 19.1361 targets 19.0645.
USD/PLN. Close 3.8781. Deeply overbought. Short target 3.8431 on break 3.8676. Weekly range 3.8921 -3.8431.
USD/RON. Close. 4.2536. Neutral. Short 4.2697 to target 4.2464. Weekly range 4.2930 -4.2464. Break 4.2231 targets 4.1998.
USD/RUB. Close 65.2713. Overbought. Short target 64.7318 on break 65.0788. Weekly Range 66.1211 -64.7318. Break 64.0373 Targets 63.3427.
USD/PHP. Close 51.6500. weekly Range 51.4891 -51.9105. Break 51.4891 targets 51.0677.
Trading currencies and other financial instruments carries a degree of loss and possible loss of entire investments. Please managed your own risks, stop loss, and margins requirements.
Recommended Content
Editors’ Picks
EUR/USD stays near 1.0800 after upbeat US data
EUR/USD stays under modest bearish pressure and trades near 1.0800 in the American session on Thursday. The data from the US showed that the real GDP growth for the fourth quarter got revised higher to 3.4% from 3.2%, supporting the USD and weighing on the pair.
GBP/USD stays in daily range above 1.2600
GBP/USD fluctuates in a narrow channel above 1.2600 on Thursday. The better-than-expected Initial Jobless Claims data from the US and the upward revision to the Q4 GDP growth helps the USD stay resilient against its rivals and limits the pair's upside.
Gold pulls away from daily highs, holds above $2,200
Gold retreats from daily highs but holds comfortably above $2,200 in the American session on Thursday. The benchmark 10-year US Treasury bond yield stays above 4.2% after upbeat US data and makes it difficult for XAU/USD to preserve its bullish momentum.
XRP price falls to $0.60 support as Ripple ruling doesn’t help Coinbase lawsuit against SEC
XRP programmatic sales ruling by Judge Torres was completely rejected by another US Court that ruled in favor of the SEC in a lawsuit against Coinbase.
Portfolio rebalancing and reflation trades emerge into Q2
Yesterday’s price action pointed at a possible end-of-quarter portfolio rebalancing as the session saw the laggards of the quarter like Apple and Tesla gain, and the stars like Microsoft and Nvidia retreat.