empty
28.10.2024 06:10 AM
Technical Analysis of Daily Price Movement of USD/IDR Exotic Currency Pairs, Monday October 28, 2024.

This image is no longer relevant

As seen on the daily chart, the exotic currency pair USD/IDR appears to be continuing its strengthening against the Garuda currency where this condition is supported by confirmation of a deviation between the USD/IDR price movement against the Awesome Oscillator indicator and the price position is above the EMA (21) which also has a slope that dives upwards where all of this indicates that the strengthening momentum still dominates the USD/IDR where the USD/IDR seems to be trying to close its closest Vacuum Gap but as long as this strengthening does not break through and close above the 15960 level, the USD/IDR still has the opportunity to weaken and fall again where if it fails to break through and close above that level, this exotic currency pair will weaken again to the 15419 level and if the momentum and volatility support it, the USD/IDR will head back to the 15300 level.

(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 GOLD (XAU/USD) for June 9-12, 2025: sell below $3,350 (21 SMA - 7/8 Murray)

Early in the American session, gold is trading around 3,317, rebounding after reaching a low of 3,294 during the European session. On the H4 chart, gold could continue to rise

Dimitrios Zappas 15:23 2025-06-09 UTC+2

Trading Signals for EUR/USD for June 9-12, 2025: sell below 1.1415 (21 SMA - 6/8 Murray)

We believe the euro could continue to fall as a bearish continuation pattern is forming, but we should expect it to fall below 1.1400, which could then reach the bottom

Dimitrios Zappas 15:20 2025-06-09 UTC+2

EUR/USD. Analysis and Forecast

Today, the EUR/USD pair is attracting buyers, recovering part of Friday's losses amid a weaker U.S. dollar. From a technical perspective, the EUR/USD pair is currently showing resilience below

Irina Yanina 13:57 2025-06-09 UTC+2

Forecast for EUR/USD on June 9, 2025

On Friday, the EUR/USD pair declined to the support zone of 1.1374–1.1380, rebounded, and turned in favor of the euro. On Monday, a new upward movement began toward the 76.4%

Samir Klishi 13:53 2025-06-09 UTC+2

Forecast for GBP/USD on June 9, 2025

On the hourly chart, the GBP/USD pair continued its decline on Friday and reached the 161.8% Fibonacci correction level at 1.3520. A rebound from this level favored the British pound

Samir Klishi 13:45 2025-06-09 UTC+2

Forex forecast 09/06/2025: EUR/USD, GBP/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 12:06 2025-06-09 UTC+2

EUR/USD Forecast for June 9, 2025

Moderately optimistic US employment data revived the dollar, causing it to rise by 0.44%. The euro dropped by 50 pips. A divergence with the stock market occurred as the S&P

Laurie Bailey 05:15 2025-06-09 UTC+2

GBP/USD Forecast for June 9, 2025

On Friday, as the US dollar index strengthened by 0.44%, the British pound dropped by 42 pips. However, the Marlin oscillator remains stable, supported from below by the zero line

Laurie Bailey 05:07 2025-06-09 UTC+2

USD/JPY Forecast for June 9, 2025

In the previous yen analysis, we mentioned that the 145.08 level serves as an intermediate barrier to the main target of 146.11. However, by this morning, the situation

Laurie Bailey 05:07 2025-06-09 UTC+2

USD/CAD. Analysis and Forecast

The pair is attempting to attract buyers, but spot prices remain close to a yearly low and appear vulnerable to further decline. The Canadian dollar is supported by reports

Irina Yanina 15:33 2025-06-06 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.