Main Quotes Calendar Forum
flag

FX.co ★ Technical Analysis of Daily Price Movement of USD/IDR Exotic Currency Pairs , Monday November 20 2023.

parent
Forex Analysis:::2023-11-20T05:19:35

Technical Analysis of Daily Price Movement of USD/IDR Exotic Currency Pairs , Monday November 20 2023.

Technical Analysis of Daily Price Movement of USD/IDR Exotic Currency Pairs , Monday November 20 2023.

Based on what we seen on the daily chart of the USD/IDR exotic currency pairs, it seems like USD is having a retrace weakness to to Rupiah where this thing shows from the death cross Tenkan Sen with Kinjun Sen as well as the Chikou Span which is under the price movement. However, those three elements still above the Kumo and the appearance of the deviation between price movement with its MACD Histogram indicators so that, based on what it seen from the daily chart, this Garuda currency in a few days ahead will be strengthen to the Support level of 15389.00, but if this level managed to hold the strengthening of Rupiahs against US Dollar, this will be a momentum for USD to get stronger again to the level area of 15737.84 - 15768.94 as the main target and if the momentum as well as volatility strong enough, then USD will become stronger to the level 15932.85.

(Disclaimer)

Analyst InstaForex
Share this article:
parent
loader...
all-was_read__icon
You have watched all the best publications
presently.
We are already looking for something interesting for you...
all-was_read__star
Recently published:
loader...
More recent publications...