RSS Technical Analysis of Daily Price Movement of USD/IDR Exotic Currency Pairs, Monday January 06, 2025.

Currently reading:
 RSS Technical Analysis of Daily Price Movement of USD/IDR Exotic Currency Pairs, Monday January 06, 2025.

Status
Not open for further replies.

Crax Bot

Staff member
Administrator
Amateur
LV
0
Joined
Nov 5, 2021
Threads
9,947
Likes
1,923
Credits
33,552©
Cash
0$
analytics677b63984ba35.jpg


With the appearance of the Raising Wedge pattern which also confirms the occurrence of a deviation between the USD/IDR price movement and the MACD Histogram (osMA) indicator, even though the price movement is still above the WMA (30 Shift 2), but as long as the USD/IDR does not continue its strengthening until it breaks above the 16304 level, then the USD/IDR has the potential to test the 16049 level which is the Ross Hook (RH) level and if this level is successfully breaks and closes below it, the USD/IDR has the potential to continue its weakening to the 15909.05 level and if the momentum of the weakening and its volatility support it, then 15766.50 will be the next target to be targeted next.

(Disclaimer)

The material has been provided by InstaForex Company - www.instaforex.com
 
Status
Not open for further replies.
Tips

Similar threads

Top Bottom