MARKET DECIDED TO GO UP TO FINDING THE NEXT DECISION POINT AREA
The USDIDR also trends with its peers in Singapore and Thailand for continued downward movement. Although weakness in the past week is showing weaker signals in RSI and the bull bear crowd sentiment indicator, nearly all exponential moving averages suggest further continuation of the trend. In spite of this, price action is fast approaching a 2018 trend line which...
USDIDR weekly support fibonacci retracement 61.8% at area 13.827. most likely price will rebound from this area at tested closest resistance14096.
Indonesian Rupiah is doing well since late 2018, but base on my technical analysis there are a chance for Rupiah lose its strength near the resistance 13,846 and getting weaker in the next couple weeks. You can enter to buy USDIDR after breakout in fibo 0.618.
After many days of correction. USD looks like want to show her power for continuation. Don't forget! trend is your friend. RSI Oversold, & Bullish divergence just showed
This is 100% technical analysis and 0% fundamental analyis. I would like to see for myself if TA can stand on its own. By my count there is some strong bearish divergence shown on the RSI. Three higher highs have translated to lower highs on the RSI, indicating slowing momentum. When that slowing momentum is also coincident with what seems to be (I only spent 5...
USDIDR Sharp movement since 2013, No sign of reversal yet, possible to reach 15800