Indonesia rupiah would like to weakening since we've got a pennant pattern on this market as their bullish continuation signal. Buy on break should be your consideration with the supply area as price target and 14300 as a bullish invalidation if the price goes down and close below it
Well... as I charted before (months ago), we will see a break down of USD, but still, if U zoom it out, it still in the up-trend!!!
My worst-case level for USD-IDR pair would be at 14,000 which align with my trending up blue line!!!
It may not even reach that point, as USD itself has many supports line before breaks and touch the 14,000 area!!!
#not financial...
Overall bisa dilihat usd idr ada didalam formasi big triangle dengan retest ath sebelumnya di area 6700 rupiah, kemungkinan pullback dalam beberapa minggu kedepan ada di area 15600 - 15400 rupiah atau line 0.786 area fibonacci retracement . Perhatikan faktor fundamental khususnya terkait krisis yg sedang terjadi, jika usd mampu menembus area 17000 rupiah per...
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 =...
