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21.09.202308:17 Forex Analysis & Reviews: Technical Analysis of Daily Price Movement of USD/IDR Exotic Currency Pairs, Thursday, September 21 2023.

This information is provided to retail and professional clients as part of marketing communication. It does not contain and should not be construed as containing investment advice or investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance. Instant Trading EU Ltd. makes no representation and assumes no liability as to the accuracy or completeness of the information provided, or any loss arising from any investment based on analysis, forecast or other information provided by an employee of the Company or otherwise. Full disclaimer is available here.

Exchange Rates 21.09.2023 analysis

If we look closely at the daily chart of the USD/IDR exotic currency pair, it is very clear that the USD is still strengthening against the Garuda currency, where this can be seen in the USD/IDR price movement which is in the Bullish Pitchfork channel and is above the AI Supertrend indicator, so Based on these facts and data, USD/IDR in the next few days as long as it does not retrace below level 15227, there is a high probability of continuing its strengthening to level 15474.

(Disclaimer)

Arief Makmur
Analytical expert of InstaForex
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