USD to PHP prediction on Wednesday, October, 26: exchange rate 60.10 Philippine Pesos, maximum 61.00, minimum 59.20. USD to PHP forecast on Tuesday, October, 25: exchange rate 59.67 Philippine Pesos, maximum 60.57, minimum 58.77. In 2 weeks USD to PHP prediction on Monday, October, 24: exchange rate 59.34 Philippine Pesos, maximum 60.23, minimum 58.45. USD to PHP forecast on Friday, October, 21: exchange rate 59.06 Philippine Pesos, maximum 59.95, minimum 58.17. USD to PHP prediction on Thursday, October, 20: exchange rate 59.00 Philippine Pesos, maximum 59.89, minimum 58.12. USD to PHP forecast on Wednesday, October, 19: exchange rate 59.33 Philippine Pesos, maximum 60.22, minimum 58.44. USD to PHP prediction on Tuesday, October, 18: exchange rate 59.54 Philippine Pesos, maximum 60.43, minimum 58.65. Registered Address: 19 North Sangamon Street, Chicago, IL 60607.In 1 week USD to PHP forecast on Monday, October, 17: exchange rate 59.33 Philippine Pesos, maximum 60.22, minimum 58.44. HOWEVER, YOU SHOULD BE AWARE THAT NFA DOES NOT HAVE REGULATORY OVERSIGHT AUTHORITY OVER UNDERLYING OR SPOT VIRTUAL CURRENCY PRODUCTS OR TRANSACTIONS OR VIRTUAL CURRENCY EXCHANGES, CUSTODIANS OR MARKETS.įX Publications Inc (dba DailyFX) is registered with the Commodities Futures Trading Commission as a Guaranteed Introducing Broker and is a member of the National Futures Association (ID# 0517400). We recommend that you seek independent advice and ensure you fully understand the risks involved before trading.įX PUBLICATIONS IS A MEMBER OF NFA AND IS SUBJECT TO NFA'S REGULATORY OVERSIGHT AND EXAMINATIONS. We advise you to carefully consider whether trading is appropriate for you based on your personal circumstances. Leveraged trading in foreign currency or off-exchange products on margin carries significant risk and may not be suitable for all investors. The latter may reinstate the dominant upside focus. A turn lower would place the focus on the 20-day SMA as key support.

Extending gains beyond that would open the door to facing the 100% level at 60.457. Prices broke above the 61.8% Fibonacci extension at 58.4106, exposing the 78.6% level at 59.3106. As such, prices continued to push above 2005 peaks. USD/PHP soared 2.48% last week, the best performance for the US Dollar since November 2010. It was the same story for the Philippine Peso. Philippine Peso Technical Outlook – Bearish In the event of a turn lower, the 20-day SMA could hold as support, maintaining the broader upside focus. There is negative RSI divergence, showing that upside momentum is fading since July. Beyond this price is the June 2006 peak at 38.61. Immediate resistance appears to be the 100% Fibonacci extension at 37.956. Prices confirmed a breakout above the 36.738 – 36.949 resistance zone, opening the door to extending gains. The US Dollar also soared against the Thai Baht this past week, with USD/THB gaining 2 percent. The latter could reinstate the upside focus.

In the event of a turn lower, there is some room to fall before the rising trendline from August kicks in. Confirming a breakout above the former could open the door to extending gains, exposing the April 2020 high at 1.4416. This has brought the currency pair to within inches of the April 22nd, 2020 high at 1.4329. USD/SGD climbed 1.81% in the best 5-day performance since March 2020. The US Dollar surged higher against the Singapore Dollar last week. Singapore Dollar Technical Outlook – Bearish

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