USD/IDR shows a little movement between 100-day EMA and 23.6% Fibonacci retracement. A falling trend line since mid-August adds to the resistance. Lows marked in July, September become the key support. While repeating its seven-week-old formation of trading under 100-day Exponential Moving Average (EMA), USD/IDR takes rounds to 14,095 by the press time of early Wednesday. Even so, the quote stays above 23.6% Fibonacci retracement level of August-September downpour, at 14,048. On a broader scale, a downward sloping trend line since August 13 at 14,183 and lows marked in July and September, around 13,880, keep the pair’s moves confined. It should also be noted that multiple Doji candlestick formations show traders’ indecision while bullish signals from 12-bar Moving Average Convergence and Divergence (MACD) keep buyers hopeful. 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 Ripple price update: XRP/USD triangle breakout revives bullish interest FX Street 3 years USD/IDR shows a little movement between 100-day EMA and 23.6% Fibonacci retracement. A falling trend line since mid-August adds to the resistance. Lows marked in July, September become the key support. While repeating its seven-week-old formation of trading under 100-day Exponential Moving Average (EMA), USD/IDR takes rounds to 14,095 by the press time of early Wednesday. Even so, the quote stays above 23.6% Fibonacci retracement level of August-September downpour, at 14,048. On a broader scale, a downward sloping trend line since August 13 at 14,183 and lows marked in July and September, around 13,880, keep the pair's moves confined. It… 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.
