empty
 
 
18.05.2018 07:20 AM
Technical analysis of USD/IDR for May 18, 2018

This image is no longer relevant

On the weekly chart, we can see that USD/IDR is still moving in a sideways manner with a bullish bias. However, the stochastic oscillator is already making a divergence between the price. This means in a few weeks, a small correction is expected for this pair before they it is going uwardp again. The reason for the upward move is strength of USD. On the other hand, the situation is turbulent in Indonesia due to first the terrorist attack and the Presidential Cycles. Leverage for USD becomes strong. If resistance of 14,133 can be easily breached, the next target will be at 14,784 level.

(Disclaimer)

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
  • Chancy Deposit
    Deposit your account with $3,000 and get $8000 more!
    In March we raffle $8000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS

Recommended Stories

Can't speak right now?
Ask your question in the chat.
Widget callback