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FX.co ★ Technical Analysis of Daily Price Movement of USD/IDR Exotic Currency Pairs , Monday January 08, 2023.

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Forex Analysis:::2024-01-08T06:26:14

Technical Analysis of Daily Price Movement of USD/IDR Exotic Currency Pairs , Monday January 08, 2023.

Technical Analysis of Daily Price Movement of USD/IDR Exotic Currency Pairs , Monday January 08, 2023.

It seems that in the near future the USD/IDR currency pair will strengthen again in the next few days after the appearance of the Failing Wedge pattern and the emergence of Wiseman 1 (Bullish Divergent Bar) and Wiseman 2 (SAO) signals, especially coupled with the emergence of deviations between price movements and indicators. Awesome Oscillator means that USD/IDR has the potential to test the nearest Wiseman 3 (Fractal) signal, namely at level 15552.56, then level 15680.45 as the second target, but if USD/IDR is corrected again, weakening to below level 15367.82, then the scenario of USD strengthening against the Garuda currency as previously described will become invalid and cancel itself.

(Disclaimer)

Analyst InstaForex
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