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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, Thursday April 10, 2025.
04:14 2025-04-10 UTC--4
Exchange Rates analysis

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.

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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.