empty
24.03.2025 08:09 AM
Technical Analysis of Daily Price Movement of USD/IDR Exotic Currency Pairs, Monday March 24, 2025.

This image is no longer relevant

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 moving above the EMA (55) and the appearance of Convergence between the price movement of USD/IDR and the Stochastic Oscillator indicator, so based on these facts, in the next few days, USD/IDR has the potential to strengthen again, where the level of 16589.00 will be tested to be broken and closed above it, and if successful, USD/IDR will have the potential to continue strengthening to the level of 16680.80 and if the volatility and momentum of strengthening support it, then 16799.12 will be the next target, but if on its way to the target levels, there is a sudden weakening correction that causes USD/IDR to fall again until it breaks and closes below 16249, then all the strengthening scenarios that have been described previously will be invalid and automatically cancelled.

(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

Technical Analysis of Intraday Price Movement of Gold Commodity Instrument, Monday June 02, 2025.

If we look at the 4-hour chart of the Gold commodity instrument, it can be seen that the price movement of Gold is moving above the WMA (21) where this

Arief Makmur 08:48 2025-06-02 UTC+2

Technical Analysis of Intraday Price Movement of EUR/USD Main Currency Pairs, Monday June 02, 2025.

Currently on the 4-hour chart, the EUR/USD main currency pair appears to be moving above the WMA (21) which also has a slope that is going upwards and the condition

Arief Makmur 08:48 2025-06-02 UTC+2

Forecast for EUR/USD on June 2, 2025

The euro closed Friday with a black candle but consolidated above the balance and MACD indicator lines. During today's Pacific session, the price surpassed Friday's opening and approached its high

Laurie Bailey 04:36 2025-06-02 UTC+2

Forecast for GBP/USD on June 2, 2025

The British pound gradually reversed from the support level of 1.3433 reached on May 29. Starting the day with optimistic growth (the quote has already exceeded Friday's and Thursday's opening

Laurie Bailey 04:30 2025-06-02 UTC+2

Forecast for AUD/USD on June 2, 2025

On Saturday, strong PMI figures from China for May were published, providing an optimistic start to the new week. The Manufacturing PMI rose from 49.0 to 49.5, and the Composite

Laurie Bailey 04:30 2025-06-02 UTC+2

Trading Signals for GOLD for May 30, 2025: buy above $3,281 (200 EMA - 6/8 Murray)

Gold left a gap around 3,324 in early May and is likely to be filled in the coming days. For this, we should expect the price to consolidate above

Dimitrios Zappas 17:35 2025-05-30 UTC+2

Trading Signals for EUR/USD for May 30, 2025: sell below 1.1350 (21 SMA - 5/8 Murray)

If the euro falls below 1.1319, we could expect it to continue falling, with targets at the 200 EMA around 1.1248, and it could even reach the bottom

Dimitrios Zappas 17:33 2025-05-30 UTC+2

GBP/USD. Analysis and Forecast

The GBP/USD pair is attracting new sellers following its recent rebound from the 1.3415 level, amid modest gains in the U.S. dollar. However, today, the potential for further downside appears

Irina Yanina 13:24 2025-05-30 UTC+2

Forecast for EUR/USD on May 30, 2025

On Thursday, the EUR/USD pair sharply reversed in favor of the euro and rose into the resistance zone of 1.1374–1.1380. A rebound from this zone favored the U.S. dollar

Samir Klishi 10:58 2025-05-30 UTC+2

Forecast for GBP/USD on May 30, 2025

On the hourly chart, the GBP/USD pair dropped to the 1.3425 level on Thursday, then rebounded and reversed in favor of the British pound. This initiated a growth process toward

Samir Klishi 10:41 2025-05-30 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.