See also
On the daily chart, the exotic currency pair USD/IDR appears to have a fairly strong Bullish bias, which is indicated by its price movement moving above its EMA (21), but because it is currently stuck at the 161.8% Fibonacci Expansion Resistance level of 16944.74 and the Stochastic Oscillator indicator is at the Overbought level, in the next few days there is the potential for a weakening correction towards the middle level of the Pitchfork Bullish Channel and/or to the level of 16633.20, but if suddenly USD/IDR strengthens again, especially if it breaks through and closes above the level of 17010.60, then all the weakening correction scenarios described previously will automatically be canceled by themselves.
(Disclaimer)
You have already liked this post today
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
Early in the American session, gold is trading around 3,382, rebounding after reaching a low of 3,359 during the opening session. A strong technical rebound suggests a rally
Useful links: My other articles are available in this section InstaForex course for beginners Popular Analytics Open trading account Important: The begginers in forex trading need to be very careful
On the 4-hour chart, the Natural Gas commodity instrument appears to have a bearish 123 pattern followed by a bearish Ross Hook (RH) plus confirmation that the price movement
If we look at the 4-hour chart of the AUD/JPY cross currency pair, we will see a Descending Broadening Wedge pattern where this pattern gives an indication that
Early in the American session, gold is trading around 3,381, retreating after reaching a high around 3,397. Gold as a safe-haven asset is nervous due to geopolitical tensions around
Useful links: My other articles are available in this section InstaForex course for beginners Popular Analytics Open trading account Important: The begginers in forex trading need to be very careful
InstaTrade
PAMM accounts
Your IP address shows that you are currently located in the USA. If you are a resident of the United States, you are prohibited from using the services of InstaFintech Group including online trading, online transfers, deposit/withdrawal of funds, etc.
If you think you are seeing this message by mistake and your location is not the US, kindly proceed to the website. Otherwise, you must leave the website in order to comply with government restrictions.
Why does your IP address show your location as the USA?
Please confirm whether you are a US resident or not by clicking the relevant button below. If you choose the wrong option, being a US resident, you will not be able to open an account with InstaTrade anyway.
We are sorry for any inconvenience caused by this message.