For Traders

Analytical Reviews

Technical analysis

22.04.202405:51 Forex Analysis & Reviews: Technical Analysis of Daily Price Movement of USD/IDR Exotic Currency Pairs , Monday April 22, 2024.

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.

Based on the daily chart of the exotic currency pair USD/IDR, there is potential for correction of the weakening of the United States Dollar against the Garuda currency (Rupiah) as indicated by the appearance of the Ascending Broadening Wedge pattern and deviations between price movements on the chart and the Stochastic Oscillator indicator so that it is based on facts This exotic currency pair USD/IDR has the potential to close the gap below it in the next few days, where as long as there is no continuous strengthening again until it breaks above the level of 16284.16 then USD/IDR has the opportunity to go to level 15837.51 as the main target and if the momentum and volatility supports then level 15551.30 will be the next target to aim for.

(Disclaimer)

Back to the list

Open trading account

InstaForex analytical reviews will make you fully aware of market trends! Being an InstaForex client, you are provided with a large number of free services for efficient trading.