FX_IDC:USDIDR I predict Rupiah (USDIDR) might keep depreciating to more than Rp14,300/USD. If Rupiah Breakout Resistance (Rp14,300/USD), then the possibility of Rupiah strengthening to Rp13,600/USD or any level below Rp14,000/USD is vanished. Rupiah will be on the verge to keep weakening to its lowest level at Rp15,300/USD. Rupiah must move below Rp14,000/USD...
little bit push back like- 70.32 and 70.12
This is 100% technical analysis and 0% fundamental analyis. I would like to see for myself if TA can stand on its own. By my count there is some strong bearish divergence shown on the RSI. Three higher highs have translated to lower highs on the RSI, indicating slowing momentum. When that slowing momentum is also coincident with what seems to be (I only spent 5...
This has been a tough one to make a prediction because it is at the same level during the crisis in 1998, but notice it is the new normal for Rupiah, even though nominal term seems horrifying, but in terms of percentage it is tamer than of that in 1998, 2008/2009 and 2015. Looking at the 3 flags pattern there are probability that IDR may hit 15k in the near term....
I'm betting on Rupiah strengthened against dollar if Mr. Prabowo being elected in next 2019 president election and predicting Rupiah will go straight above 15K-ish if Mr. Jokowi continue to the second period. My ressistant and support is above. Mr. Prabowo x Mr. Sandi = Military x Businessman = IDR will be strengthened to 12K-ish Mr. Jokowi x Mr. Ma'aruf Amin =...
Now price of USD/IDR has reach its peak from 2014-2015 run, is USD/IDR still too high? maybe yes, its reach last highest price. so? its preferred that holders will selling their dollars to rupiahs soon by now, or if they dont, not many people want to buy dollar at this time...