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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!!!
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
Looking at the prospect of current economic situation for both the US and Indonesia, I believe there is still room for an uptrend in coming years as shown in the chart before a break to the downside in the coming future (probably will take years). #not Financial advise #Trade at your own risk
With the trillions of USD being printed in the last 1 or so year since the pandemic, it is only a matter of time before everyone realize USD is simply made out of thin air and given for free for everyone, somehow US are able to fund everything and grow beyond your wildest dream even in pandemic simply by printing and printing and printing... It will soon lose its...
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...