The market appears to be at a significant decision point, reacting to the recent cabinet changes (especially Minister of Finance). The price action across these three key charts suggests investors are cautious.
IDX Composite (JCI): The index has pulled back from its recent highs and is now testing a critical support level around 7,448. While the longer-term trend remains bullish, a break below this support would increase the probability of a bearish reversal, signaling growing investor concern.
USD/IDR: The currency pair is pushing against a well-defined resistance at approximately 16,455. The price has been consolidating below this level for months. A decisive breakout above this ceiling would confirm Rupiah weakness and suggest a higher likelihood of capital outflows.
Indonesia 10Y Bond Yield: After a period of decline, yields are now trending upward. A move above the resistance near 6.616% would indicate that investors are selling government bonds. This is a classic sign of increasing risk aversion in the market.
In short, a breakdown of support in the JCI, combined with breakouts in the USD/IDR and bond yields, would confirm a broad-based negative sentiment from investors.
IDX Composite (JCI): The index has pulled back from its recent highs and is now testing a critical support level around 7,448. While the longer-term trend remains bullish, a break below this support would increase the probability of a bearish reversal, signaling growing investor concern.
USD/IDR: The currency pair is pushing against a well-defined resistance at approximately 16,455. The price has been consolidating below this level for months. A decisive breakout above this ceiling would confirm Rupiah weakness and suggest a higher likelihood of capital outflows.
Indonesia 10Y Bond Yield: After a period of decline, yields are now trending upward. A move above the resistance near 6.616% would indicate that investors are selling government bonds. This is a classic sign of increasing risk aversion in the market.
In short, a breakdown of support in the JCI, combined with breakouts in the USD/IDR and bond yields, would confirm a broad-based negative sentiment from investors.
Trade active
When Rupiah continue its weakening against USD, a support for JCI and Yield Indonesia 10Yr will fade away hence those assets will start their weakening also.
Award-winning certified technical analyst and founder of T.R.A.I.L Investment. We provide e-courses, workshops and consultation on the website.
Check the website at trailinvestment.id.
Join our Whatsapp Group for all updates at s.id/skbahagia
Check the website at trailinvestment.id.
Join our Whatsapp Group for all updates at s.id/skbahagia
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Award-winning certified technical analyst and founder of T.R.A.I.L Investment. We provide e-courses, workshops and consultation on the website.
Check the website at trailinvestment.id.
Join our Whatsapp Group for all updates at s.id/skbahagia
Check the website at trailinvestment.id.
Join our Whatsapp Group for all updates at s.id/skbahagia
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.