empty
16.12.2024 07:32 AM
Technical Analysis of Daily Price Movement of USD/IDR Exotic Currency Pairs, Monday December 16, 2024.

This image is no longer relevant

Although on its daily chart the Garuda currency pair often weakens against the USD currency in December, which is currently also confirmed by its price movement which is moving above the WMA (30 Shift 2) which has a slope that slopes upwards and is also confirmed by the appearance of the 123 pattern followed by several Bullish Ross Hook (RH) where currently it seems that the Bearish Mitigation Block level will be tested, but with the appearance of the Rising Wedge pattern and followed by the appearance of deviations between the USD/IDR price movement and the Awesome Oscillator indicator, in the next few days there is the potential for a turning point of weakening in USD/IDR to the level of 15819 and if the momentum and volatility support it, 15419 will be the next target, but all of these scenarios will be canceled by themselves if USD/IDR continues to strengthen until it breaks through and closes above the level of 16329.

(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

If the support level 6327.24 on S&P 500 Index's can withstand today's downward correction, it will lead to renewed strengthening.Thursday, July 24, 2025.

S&P 500 Index – Thursday, July 24, 2025. With the Golden Cross EMA(50) above the EMA(200), buyers are quite dominant. Although the RSI(14) indicator is at a neutral bullish level

Arief Makmur 05:54 2025-07-24 UTC+2

Although buyers still dominate the Nasdaq 100 Index, but there is potential for a downward correction today, Thursday, July 24, 2025.

Nasdaq 100 Index – Thursday, July 24, 2025. By the appearance of divergence between the Nasdaq 100 Index price movement and the RSI(14) indicator indicates that #NDX has the potential

Arief Makmur 05:53 2025-07-24 UTC+2

EUR/USD Forecast for July 24, 2025

Amid ongoing optimism in equity markets driven by the U.S.–Japan trade deal, the dollar index fell by 0.18% yesterday, while the euro rose by 0.16% (16 pips). The price

Laurie Bailey 05:18 2025-07-24 UTC+2

GBP/USD Forecast for July 24, 2025

Amid overall market optimism (S&P 500 +0.78%), the British pound gained 48 pips yesterday. This was enough for the Marlin oscillator on the daily scale to move into positive territory

Laurie Bailey 05:18 2025-07-24 UTC+2

AUD/USD Forecast for July 24, 2025

The Australian dollar has managed to break through strong resistance levels represented by the MACD line and the price channel line. The Marlin oscillator has secured itself in positive territory

Laurie Bailey 05:18 2025-07-24 UTC+2

USD/CAD. Analysis and Forecast

The USD/CAD pair is currently in a phase of bearish consolidation, fluctuating within a narrow trading range below the psychological level of 1.3600. From a technical standpoint, the recent breakdown

Irina Yanina 12:08 2025-07-23 UTC+2

Forecast for EUR/USD on July 23, 2025

On Tuesday, the EUR/USD pair rebounded from the 127.2% Fibonacci retracement level at 1.1712, but the upward movement continued after a close above that level. As a result, the bulls

Samir Klishi 10:57 2025-07-23 UTC+2

Forecast for GBP/USD on July 23, 2025

On the hourly chart, the GBP/USD pair rebounded from the 76.4% Fibonacci level at 1.3470 on Tuesday, turned in favor of the pound, and rose toward the 61.8% retracement level

Samir Klishi 10:37 2025-07-23 UTC+2

Forex forecast 23/07/2025: EUR/USD, GBP/USD, USD/JPY, Oil, Ethereum 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 10:36 2025-07-23 UTC+2

Trading Signals for BITCOIN for July 23-26, 2025: buy above $ 118,000 (21 SMA - 6/8 Murray)

Bitcoin is trading around $118,000, correcting after reaching the psychological level of $120,000, the area proven to be a strong barrier. BTC is likely to resume its bullish cycle

Dimitrios Zappas 07:03 2025-07-23 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.