It has broken Rp 13.8k but not lower enough . My absolute prediction is it won't go down to 12k in anyway, unless Joe made weird regulations and all conservatives marched to streets again. It's all political, i never expect USD to hit lower than 14k IDR, this will never happen in Donald's presidency where USD soared high. It's the truth, Joe is weakening USD and...
Trend = BULLISH
Parent Trend = BULLISH (Monthly)
Wave Direction = Down then Up
After forming Head N Shoulders & Double Top, price going down break Rising Wedge & bottom trendline.
This made trend has changing to short bearish
But this won't be long, because price still on the corrective wave.
Target price = 14505-14565 then UP to 14915-14975
Trend = BULLISH
Pattern = -
Price had bounced at Support + MA area
Most likely will continue the trend
Target price = 17100-17500
Entry Idea =
Wave is in the direction of the Trend. (Look for continuation wave / pattern on the lower timeframe)
Check latest post for updated analysis !
See you on the Winning Side baby !
I believe there are positive impacts.
I monitor USDIDR to see if Investors agree with the impacts.
USDIDR is forming a Bearish Continuation Pattern since June 2020. Meaning, there is a potential Downward Move and it has just begun after USDIDR fall below Rp14,750.
USDIDR could continue falling to Rp13,600, meaning Rupiah could continue its strength.
Rupiah kini akan kembali melemah menuju Rp. 16,800 setelah sebelumnya menguat ke Rp. 13,800 sebagaimana diperhitungkan sebelumnya. Batas ambang nilai tukar Rupiah terhadap Dollar AS dalam jangka menengah berapa pada Rp. 13,800-Rp. 16,800. Berdasarkan analisa moneter, Rupiah akan tetap melemah dalam jangka menengah dan panjang namun menguat dalam jangka pendek. Hal...
USDIDR has fallen since early April 2020 from Rp17,000/USD to Rp15,150/USD.
In my opinion, this move is to end a weakening trend of Rupiah that started in early 2020. To do that, Rupiah must continue to move below Rp14,700/USD.
If somehow Rupiah stays within Rp15,000/USD range, there is a possibility that a weakening trend of Rupiah will still happen anytime...
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...