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

Forex forecast 13/08/2025: EUR/USD, USD/JPY, GBP/USD, 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 15:43 2025-08-13 UTC+2

Forecast for EUR/USD on August 13, 2025

On Tuesday, the EUR/USD pair continued its upward movement after rebounding from the 50.0% retracement level at 1.1590. It also consolidated above the resistance zone of 1.1637–1.1645 and reached

Samir Klishi 11:56 2025-08-13 UTC+2

Forecast for GBP/USD on August 13, 2025

On the hourly chart, the GBP/USD pair on Tuesday once again rebounded from the support zone of 1.3416–1.3425 and turned in favor of the pound, subsequently consolidating above the 76.4%

Samir Klishi 11:48 2025-08-13 UTC+2

GBP/USD. Indicator Analysis on August 13, 2025

On Tuesday, the pair moved upward to the 85.4% retracement level at 1.3522 (red dotted line), then declined, closing the daily candle at 1.3495. Today, it may continue moving upward

Stefan Doll 11:45 2025-08-13 UTC+2

EUR/USD. Indicator Analysis on August 13, 2025

On Tuesday, the pair moved upward on news, reached the 1.1698 fractal (yellow dotted line), then declined, closing the daily candle at 1.1673. Today it may continue moving upward

Stefan Doll 11:38 2025-08-13 UTC+2

XAU/USD remains under pressure, although there is limited potential for strengthening. Wednesday, August 13, 2025.

[XAU/USD] – [Wednesday, August 13, 2025] XAU/USD appears to be attempting to test its nearest support level, as confirmed by the RSI (14) indicator, which is in the Neutral-Bearish area

Arief Makmur 08:25 2025-08-13 UTC+2

Despite the potential for a downward correction, the AUD/USD remains in strengthen bias condition. Wednesday, August 13, 2025.

[AUD/USD] – [Wednesday, August 13, 2025] With the AUD/USD position which have EMA(50) still above the EMA(200) level and the RSI (140) in the neutral-bullish zone, the bias for this

Arief Makmur 08:25 2025-08-13 UTC+2

EUR/USD forecast for August 13, 2025

Yesterday, the euro once again attempted to test the balance line resistance. This time, it was supported by external markets — the S&P 500 rose by 1.14% and even

Laurie Bailey 05:00 2025-08-13 UTC+2

GBP/USD forecast for August 13, 2025

Yesterday, the British pound took full advantage of the temporary weakness in the dollar, reaching the second intermediate level of 1.3525. The Marlin oscillator is rising in the territory

Laurie Bailey 05:00 2025-08-13 UTC+2

Silver forecast for August 13, 2025

Yesterday, silver gained 0.41%. The price has returned above the balance indicator line, and the Marlin oscillator, which is close to moving into the territory of an upward trend

Laurie Bailey 04:59 2025-08-13 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.