USD/IDR remains above 50-day EMA after bouncing off 38.2% Fibonacci retracement of April-June downpour. Bearish MACD, repeated failures to rise past-61.8% Fibonacci retracement favor sellers. Despite regaining its stand beyond 50-day exponential moving average (EMA), the USD/IDR pair remains on the back while making the rounds to 14,213 on early Monday. The pair pulled back from 38.2% Fibonacci retracement but bearish signals by the 12-bar moving average convergence and divergence (MACD), coupled with repeated failures to cross 61.8% Fibonacci retracement, favor the odds of pair’s declines to 50-day EMA level near 14,180 and then to Friday’s low near 14,115. In a case prices keep falling after 14,115, an upward sloping trend-line since June 18, at 14,040 can offer an intermediate halt to prices ahead of highlighting 14,000 round-figure. Meanwhile, a daily closing beyond 61.8% Fibonacci retracement level of 14,344 can push buyers towards June 17 high close to 14,420. During the pair’s run-up past-14,420, current month top around 14,580 will be the key to watch for bulls. USD/IDR daily chart Trend: Sideways FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next US two-year yield hits lowest since September 2017 FX Street 4 years USD/IDR remains above 50-day EMA after bouncing off 38.2% Fibonacci retracement of April-June downpour. Bearish MACD, repeated failures to rise past-61.8% Fibonacci retracement favor sellers. Despite regaining its stand beyond 50-day exponential moving average (EMA), the USD/IDR pair remains on the back while making the rounds to 14,213 on early Monday. The pair pulled back from 38.2% Fibonacci retracement but bearish signals by the 12-bar moving average convergence and divergence (MACD), coupled with repeated failures to cross 61.8% Fibonacci retracement, favor the odds of pair's declines to 50-day EMA level near 14,180 and then to Friday's low near 14,115. In… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
