Technical Analysis of Daily Price Movement of USD/IDR Exotic Currency Pairs, Monday July 31 2023.
July 31, 2023 7:24 am
Garuda currency on its daily chart seems weaken. There is USD where the potential of its weaken seen by CCI indicator that managed to breaks above its three levels (100,0,& -100) as well as halted at the 0-100 area level so that in the next few days USD/IDR has the potential to go to a level above its current price, namely the 15218 level and if this level is successfully broken above, the Rupiah has the potential to weaken further to the 15474 level as long as there is no downward correction from the USD /IDR which passes below the 14818 level because if this level is successfully broken down, the scenario of weakening the Rupiah will cancel itself.
(Disclaimer)
The material has been provided by InstaForex Company – www.instaforex.com
Garuda currency on its daily chart seems weaken. There is USD where the potential of its weaken seen by CCI indicator that managed to breaks above its three levels (100,0,& -100) as well as halted at the 0-100 area level so that in the next few days USD/IDR has the potential to go to a level above its current price, namely the 15218 level and if this level is successfully broken above, the Rupiah has the potential to weaken further to the 15474 level as long as there is no downward correction from the USD /IDR which passes below the 14818 level because if this level is successfully broken down, the scenario of weakening the Rupiah will cancel itself.
(Disclaimer)
The material has been provided by InstaForex Company – www.instaforex.com
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