USDIDR Points Towards Continuation of Weakness
The USDIDR also trends with its peers in Singapore and Thailand for continued downward movement. Although weakness in the past week is showing weaker signals in RSI and the bull bear crowd sentiment indicator, nearly all exponential moving averages suggest further continuation of the trend. In spite of this, price action is fast approaching a 2018 trend line which could reappear as long-term support and a reversal, although this is not likely to come to fruition for a number of trading days unless volatility really picks up.
If you would like to see more charts check out tradingview.com/u/AnthonyLaurence/ or if you want more analysis go to linkedin.com/in/anthony-laurence-b39128101/
If you would like to see more charts check out tradingview.com/u/AnthonyLaurence/ or if you want more analysis go to linkedin.com/in/anthony-laurence-b39128101/
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.