Indonesia tried to print value for the currency as #MMT prescribed. Now it costs 30,000 IDR to buy an cup of espresso! Soon it will cost 40,000 as the dollar will likely rise from here.
since map years ago, many pple said goes to 16k. and now will fall down deep. for me, good chance to buy USD arround 14400 hold till end of the year also divergen MN as long as it doesnt break 14000 lvl
It takes 14,840 Indonesia Rupiah to purchase $1. Let me put this in a different way so people may understand it better. Imagine needing HKEX:14 ,840 to buy 1 IDR. Or TASE:TASECTORBALANCE ,520 to buy 1 espresso at Starbucks. Let that sink in for a moment. #MMT at its finest.
Based on my analysis of the USIDR chart, I have observed a V bottom formation in the weekly timeframe, suggesting a potential bullish trend in the near future. Currently, the price is trading just above the neckline, indicating a possible short-term retest towards sub-15200 IDR levels. However, with a target range between 15600 IDR - 15700 IDR, there could be...
If we see here, USD has gain momentum to breakout the IDR resistance that holding USD value not over 14.600, since ending 2020 and beginning 2021, only once tested in 14 Apr 2021. But, now we can see that Resistance has broken and USD seems to test the ATH in 2020 around 14.975, when we know due covid and stock market is super volatile. If USD broke the 14.975,...
As it is an upward trend, therefore a Long is suggested in this trade
The inflation rate has reached above 8% territory in the U.S. Higher Inflation Rate forced the Fed to raise the interest rate again by 50 basis points in May 2022 and it seems the Fed will remain hawkish for stabilizing inflation to a more normalized level. Commonly, the Increasing interest rate will make a stronger dollar because it will attract investment...
IDR has decreased against USD lately, if viewed using technical analysis IDR is likely to correct the usd price marked by a fakeout in the market, we can buy IDR with a target price of 0.00006746
Good morning, I am one of the new traders in Indonesia, I use Maxco broker. That morning my phone rang, a Maxco salesman who had been helping me provide daily market information told me that they were collaborating with a trading platform called FOLLOWME, I'm not interested because I think I have to open a new investment there, and have to make a deposit, I am...
Forex is simply a battle with the next person, if you predict the right thing, you win. The profitability in this industry is mind blowing. These 10 points I would list below would ensure that you become a successful forex trader. 1. DEVELOP THE RIGHT SKILLS · Diligence : You CAN Achieve anything by not being of lazy, you Should the know by now! Just That....
KEY TAKEAWAYS Technical analysis is the study of charts and patterns, but can also include aspects of behavioral economics and risk management. Novice traders can turn to books and online courses to learn about technical analysis. Many online trading courses promise spectacular results and use high-pressure sales tactics, but then fail to deliver the promised...
Rupiah tends to move flat despite the strengthening of the US dollar against major currencies. In addition, the demand for the dollar has increased, and the demand for other safe haven assets has also increased, as indicated by the increase in gold prices and also followed by an increase in the yield of the US Treasury to the level of 2.88%. In addition, the...
Potentitial further weakness to 16K (filling the gap). Carefull
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nice picture , strong uptrend on usd/idr if breakout from bearish trend
pair IDR indonesian Rupiah Rp 12.200 target after issue cant pay
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...