USD/IDR Almost bearish?Now price of USD/IDR has reach its peak from 2014-2015 run, is USD/IDR still too high? maybe yes, its reach last highest price.
so? its preferred that holders will selling their dollars to rupiahs soon by now, or if they dont, not many people want to buy dollar at this time...
USDIDR
USDIDRThinking the dollar will gain more steam against particularly EM when FED hikes could be a big misstake imo.
However we've build an amazing upwards consolidation (wedge), the ideal move here would be 1. Fakeout to the upside with a reversal. 2. A sideways movement until 2016, "yield getters".
And there's also something for you tech guys/gals... a sizable cup and handle. Don't spill the contients on your shirt on this one!