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)

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

Trading Signals for EUR/USD for May 22-25, 2025: sell below 1.1286 (200 EMA - 21 SMA)

EUR/USD is trading around 1.1287 after attempting to break the top of the downtrend channel. The instrument is now consolidating around the 21 SMA, which suggests it could continue

Dimitrios Zappas 18:11 2025-05-22 UTC+2

Forecast for EUR/USD on May 22, 2025

On Wednesday, the EUR/USD pair continued to rise and consolidated above the 50.0% Fibonacci retracement level at 1.1320. As a result, the euro may continue appreciating toward the next resistance

Samir Klishi 11:51 2025-05-22 UTC+2

Forecast for GBP/USD on May 22, 2025

On the hourly chart, the GBP/USD pair continued rising on Wednesday, ending the day near the 1.3425 level. Just a couple of weeks ago, there was no sign of another

Samir Klishi 11:45 2025-05-22 UTC+2

Forex forecast 22/05/2025: EUR/USD, GBP/USD, USD/JPY, Gold, 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 10:52 2025-05-22 UTC+2

Bitcoin: Reaching New Highs May Stall

Bitcoin's price briefly exceeded the new all-time high of $111,000 but failed to consolidate above it. The token, along with the broader crypto market, continues to receive support from dollar

Pati Gani 09:49 2025-05-22 UTC+2

Technical Analysis of Intraday Price Movement of Nasdaq 100 Index, Thursday May 22, 2025.

With the appearance of Divergence between the Nasdaq 100 index price movement which formed a Double Top with the Stochastic Oscillator indicator plus confirmation with its price movement which moved

Arief Makmur 07:01 2025-05-22 UTC+2

Technical Analysis of Intraday Price Movement of USD/CHF Main Currency Pairs, Thursday May 22, 2025

As we can see on the 4-hour chart of USD/CHF main currency pair, some interesting information appears, namely first the appearance of Divergence between the price movement of USD/CHF with

Arief Makmur 07:01 2025-05-22 UTC+2

EUR/USD Forecast for May 22, 2025

On Wednesday, the euro successfully consolidated above the 1.1266 level and the balance indicator line. The next target levels are 1.1420 and 1.1535. The Marlin oscillator is about to enter

Laurie Bailey 05:06 2025-05-22 UTC+2

GBP/USD Forecast for May 22, 2025

Yesterday's inflation data for April in the UK surprised market participants. Core CPI jumped from 3.4% y/y to 3.8% y/y versus an expected 3.6% y/y, while headline CPI reached 3.5%

Laurie Bailey 05:06 2025-05-22 UTC+2

USD/JPY Forecast for May 22, 2025

The USD/JPY pair has been declining for eight consecutive days — a pattern not seen since 2019. However, we recently saw two five-week declines in July 2024 and November–December 2023

Laurie Bailey 05:06 2025-05-22 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.