empty
06.01.2025 07:10 AM
Technical Analysis of Daily Price Movement of USD/IDR Exotic Currency Pairs, Monday January 06, 2025.

This image is no longer relevant

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)

Select timeframe
5
min
15
min
30
min
1
hour
4
hours
1
day
1
week
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

EUR/USD and GBP/USD March 24 – Technical Analysis

Recently, the pair has been testing resistance levels from the weekly Ichimoku cloud (1.0946–1.0825) and monthly levels (1.0943–1.0856). Last week, sellers initiated a rejection and closed below these resistance zones

Evangelos Poulakis 07:55 2025-03-24 UTC+2

Technical Analysis of Intraday Price Movement of Natural Gas Commodity Instrument, Monday March 24, 2025

From what is seen on the 4-hour chart, the Natural Gas commodity instrument appears to be moving within the Bearish Pitchfork channel and this has also been confirmed

Arief Makmur 07:09 2025-03-24 UTC+2

Technical Analysis of Daily Price Movement of USD/IDR Exotic Currency Pairs, Monday March 24, 2025.

On the daily chart, the exotic currency pair USD/IDR appears to be moving in a Bullish Pitchfork channel, which is confirmed by the price movement of this exotic currency pair

Arief Makmur 07:09 2025-03-24 UTC+2

EUR/USD Forecast for March 24, 2025

Last Friday, EUR/USD pierced the 23.6% Fibonacci retracement level with a lower shadow and then sharply reversed to the upside, continuing to rise into Monday morning. The Marlin oscillator appears

Laurie Bailey 04:20 2025-03-24 UTC+2

GBP/USD Forecast for March 24, 2025

By Monday morning, the British pound had turned upward without reaching the target range of 1.2816/47, and the Marlin oscillator had also reversed to the upside without reaching the boundary

Laurie Bailey 04:20 2025-03-24 UTC+2

USD/JPY Forecast for March 24, 2025

On Friday, the USD/JPY pair followed an alternative scenario. A price reversal occurred at the very last moment — just before the Marlin oscillator entered the downtrend territory. The price

Laurie Bailey 04:20 2025-03-24 UTC+2

Trading Signals for EUR/USD for March 21-24, 2025: buy above 1.0810 (+1/8Murray - rebound)

Our medium-term forecast remains bearish. So, any technical rebound will be seen as a signal to sell with a medium-term target at about 1.0361, the level where the instrument left

Dimitrios Zappas 13:22 2025-03-21 UTC+2

Trading Signals for GOLD (XAU/USD) for March 21-24, 2025: buy above $3,026 (7/8 Murray - 61.8%)

The Eagle indicator is reaching oversold levels. So, we believe that gold could resume its bullish cycle in the coming days. For this, we should expect consolidation above the psychological

Dimitrios Zappas 13:04 2025-03-21 UTC+2

Forex forecast 21/03/2025: EUR/USD, GBP/USD, USD/JPY, Oil 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 12:15 2025-03-21 UTC+2

Forex forecast 19/03/2025: EUR/USD, USD/JPY, Gold 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 12:14 2025-03-21 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.