empty
22.04.2024 05:51 AM
Technical Analysis of Daily Price Movement of USD/IDR Exotic Currency Pairs , Monday April 22, 2024.

This image is no longer relevant

Based on the daily chart of the exotic currency pair USD/IDR, there is potential for correction of the weakening of the United States Dollar against the Garuda currency (Rupiah) as indicated by the appearance of the Ascending Broadening Wedge pattern and deviations between price movements on the chart and the Stochastic Oscillator indicator so that it is based on facts This exotic currency pair USD/IDR has the potential to close the gap below it in the next few days, where as long as there is no continuous strengthening again until it breaks above the level of 16284.16 then USD/IDR has the opportunity to go to level 15837.51 as the main target and if the momentum and volatility supports then level 15551.30 will be the next target to aim for.

(Disclaimer)

Summary
Urgency
Analytic
Arief Makmur
Start trade
Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST

Recommended Stories

Trading Signals for GOLD (XAU/USD) for July 18-21, 2025: buy above $3,330 (21 SMA - 5/8 Murray)

Conversely, if gold falls below 3,320 and breaks the uptrend channel, we could expect a trend reversal, and it may reach the 4/8 Murray line at 3,281, eventually reaching

Dimitrios Zappas 07:23 2025-07-18 UTC+2

If XAU/USD successfully breaks through and closes below the Pivot, it has the potential to continue its decline to the next support level, Friday, July 18, 2025.

XAU/USD – Friday, July 18, 2025. The potential for XAU/USD to weaken continues, as reflected in The EMA (50) is below the EMA (200) and the RSI (14)

Arief Makmur 07:02 2025-07-18 UTC+2

EUR/USD Forecast for July 18, 2025

On Thursday, the euro closed the day down by 43 pips, yet overall, risk appetite is returning to the markets: the S&P 500 rose 0.54%, WTI oil gained 1.76%, Bitcoin

Laurie Bailey 04:54 2025-07-18 UTC+2

GBP/USD Forecast for July 18, 2025

The British pound has decided to hold off on entering the narrower consolidation range of 1.3233–1.3369, instead turning upward this morning into the broader range of 1.3369–1.3635. This move

Laurie Bailey 04:46 2025-07-18 UTC+2

USD/JPY. Analysis and Forecast

Today, the USD/JPY pair has shown some resilience below the 100-hour Simple Moving Average (SMA) From a technical perspective, the USD/JPY pair demonstrated some stability today below the 100-hour

Irina Yanina 19:25 2025-07-17 UTC+2

GBP/USD. Indicator Analysis on July 17th

On Wednesday, the pair moved upward (on news), reaching the 8-period EMA at 1.3489 (thin blue line), then declined and closed the daily candle at 1.3417. Today, it may continue

Stefan Doll 12:12 2025-07-17 UTC+2

Forex forecast 17/07/2025: EUR/USD, GBP/USD, USD/JPY, SP500 and Bitcoin

Useful links: My other articles are available in this section InstaForex course for beginners Popular Analytics Open trading account Important: The begginers in forex trading need to be very careful

Sebastian Seliga 12:08 2025-07-17 UTC+2

EUR/USD. Indicator Analysis on July 17th

On Wednesday, the pair moved upward (on news), reaching the 23.6% level at 1.1739 (yellow dashed line), and then declined, closing the daily candle at 1.1639. Today, it may continue

Stefan Doll 11:45 2025-07-17 UTC+2

EUR/USD. July 17th. Trump Wants to Fire Powell Again

On Wednesday, the EUR/USD pair reached the 100.0% corrective level at 1.1574, rebounded from it, and rose to the 127.2% Fibonacci level at 1.1712, from which it also bounced

Samir Klishi 11:23 2025-07-17 UTC+2

GBP/USD. July 17th. Unemployment in the UK Continues to Rise

On the hourly chart, the GBP/USD pair rebounded on Wednesday from the support zone of 1.3357–1.3371 and rose to the 76.4% corrective level at 1.3470. A rebound from 1.3470

Samir Klishi 11:15 2025-07-17 UTC+2
Can't speak right now?
Ask your question in the chat.
Widget callback
 

Dear visitor,

Your IP address shows that you are currently located in the USA. If you are a resident of the United States, you are prohibited from using the services of InstaFintech Group including online trading, online transfers, deposit/withdrawal of funds, etc.

If you think you are seeing this message by mistake and your location is not the US, kindly proceed to the website. Otherwise, you must leave the website in order to comply with government restrictions.

Why does your IP address show your location as the USA?

  • - you are using a VPN provided by a hosting company based in the United States;
  • - your IP does not have proper WHOIS records;
  • - an error occurred in the WHOIS geolocation database.

Please confirm whether you are a US resident or not by clicking the relevant button below. If you choose the wrong option, being a US resident, you will not be able to open an account with InstaForex anyway.

We are sorry for any inconvenience caused by this message.