After many days of correction. USD looks like want to show her power for continuation. Don't forget! trend is your friend. RSI Oversold, & Bullish divergence just showed
This is 100% technical analysis and 0% fundamental analyis. I would like to see for myself if TA can stand on its own. By my count there is some strong bearish divergence shown on the RSI. Three higher highs have translated to lower highs on the RSI, indicating slowing momentum. When that slowing momentum is also coincident with what seems to be (I only spent 5...
I'm betting on Rupiah strengthened against dollar if Mr. Prabowo being elected in next 2019 president election and predicting Rupiah will go straight above 15K-ish if Mr. Jokowi continue to the second period. My ressistant and support is above. Mr. Prabowo x Mr. Sandi = Military x Businessman = IDR will be strengthened to 12K-ish Mr. Jokowi x Mr. Ma'aruf Amin =...
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...
Thinking 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...