USD IDR Chart Analysis
Looking at the prospect of current economic situation for both the US and Indonesia, I believe there is still room for an uptrend in coming years as shown in the chart before a break to the downside in the coming future (probably will take years). #not Financial advise #Trade at your own risk
Note
Be reminded that the price could test the support line coloured in Blue before continuing the pattern.. Even though it will be very hard to reach a new ATH of more than 16,721 , My price target will be around the FIB 0.5 and 0.236 level... Thanks, looking forward to see your comments...
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.