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Stock market analytics, financial forecasts

Forexmart's Market Analysis section provides up-to-date information about the financial market. The overviews are intended to give you an insight into current trends, financial forecasts, global economic reports, and political news that influence the market.

Disclaimer:  Information provided here to retail and professional clients does not contain and should not be construed as containing investment advice or an investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance.

Technical Analysis of Daily Price Movement of USD/IDR Exotic Currency Pairs, Monday January 20, 2025.
23:22 2025-01-19 UTC--5
Exchange Rates analysis

With the appearance of the Rising Wedge pattern and Divergence between the price movement of the exotic USD/IDR currency pair with the RSI indicator (5), it confirms the potential for a weakening correction in this currency, where as long as there is no continuation of strengthening that breaks through and closes above the level of 16474.00, it will provide the potential for weakening in the next few days where USD/IDR will be corrected to weaken to the level of 16087.60 if the momentum and volatility support it, then the weakening could continue to the level of 15719.81 as the main target and 15419.00 as the next target.

(Disclaimer)

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Risk Warning:
Foreign exchange trading carries a high risk of losing money due to leverage and may not be suitable for all investors. Before deciding to invest your money, you should carefully consider all the features associated with Forex, as well as your investment objectives, level of experience, and risk tolerance.
Foreign exchange trading carries a high risk of losing money due to leverage and may not be suitable for all investors. Before deciding to invest your money, you should carefully consider all the features associated with Forex, as well as your investment objectives, level of experience, and risk tolerance.