The market is probably shifting the downside for retracement till the previous high which is the main target to get profit.
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...
COMPOSITE movement is negatively correlated with ID10Y. USDIDR is positively correlated with ID10Y. I'm trying to catch the time when COMPOSITE starts to go up and ID10Y starts to go down.
Kali ini ga sendiri Conform with the dollar liquidity crisis leggo lets ride this wave xD
Despite all the news in Indonesia, we can look at the chart that IDR weakening to USD. USDIDR now at 14110. facing its near resistance at 14134 then 14183, 14200. If price can break above this area, most likely it will test 14280.
The movement of US Dollar to Rupiah seems in the end of consolidation? After 3x the price breaks the trend line, according to the fan principle theory, the third will be a strong confirmation. We see that US dollar will strengthen toward Rupiah to upper consolidation range 14525 - 14550. If US Dollar then breaks 14550, seems the USDIDR will rally. #galerisaham |...
Until it broke above the recent down trendline.. I expect this going lower.
- Currently the price is moving inside the Rising Wedge on weekly timeframe and looks like it trying to broke the 1st trendline. Invalidated if the price managed to hold 13200 price for a long time and expect a sideway price movement in between fibonacci line . - Breaking the 2nd up trend line (bright yellow line) would be devastating for this currency.. let see...
Based on technical analysis, ABCD pattern may formed to lead the USDIDR to 148xx.
After following the temporary uptrend and counter downtrend, Rupiah will still face heavy pressure on trade deficit, China-USA Trade War & Uncertainty in the nation's economic outlook specifically on the FDI policy.
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...
USDIDR could move to Rp14,900/USD after finishing consolidating around Rp14,300 - Rp14,400 for almost a month. By moving above Rp14,000, USDIDR is continuing "Uptrend" to at least Rp14,900 (above highest level at Jokowi's administration at Rp14,800). The depreciation this time might as well bring Rupiah to touch Rp15,000/USD.
USDIDR could and might touch Rp14,800, highest level during President Joko Widodo administration. There is a possibility Rupiah go beyond Rp14,800 and reach Rp15,000 but i predict it won't happen since Rp14,800 should be a strong psychology Resistance. However, Rupiah should move within a range of Rp14,300 - Rp14,600 for the rest of 2018. Rupiah should...