USD/IDR seesaws around 14,100 after a bullish candlestick formation on the W1 chart. The quote clings to 61.8% Fibonacci retracement while staying above 200-week SMA. After flashing a bullish candlestick formation on the weekly chart, the USD/IDR pair trades around 14,100 during Monday’s Asian session. While prices cling to 61.8% Fibonacci retracement of January-October 2018 upside, the upside favoring candlestick pattern seems to support pair’s another confrontation to the three-month-old falling resistance line, at 14,190 now. Should there be additional upside beyond 14,190, 50% Fibonacci retracement level of 14,345 will be on the bull’s radar. On the downside, lows marked in September and July offer strong support around 13,880, a break of which could drag the quote to a 200-week Simple Moving Average (SMA) level of 13,758. If at all sellers manage to break 13,758 on a weekly closing basis, the previous year bottom near 13,260 will lure them. USD/IDR weekly chart Trend: Pullback expected 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 Brent technical analysis: Signs of indecision on D1 FX Street 3 years USD/IDR seesaws around 14,100 after a bullish candlestick formation on the W1 chart. The quote clings to 61.8% Fibonacci retracement while staying above 200-week SMA. After flashing a bullish candlestick formation on the weekly chart, the USD/IDR pair trades around 14,100 during Monday's Asian session. While prices cling to 61.8% Fibonacci retracement of January-October 2018 upside, the upside favoring candlestick pattern seems to support pair's another confrontation to the three-month-old falling resistance line, at 14,190 now. Should there be additional upside beyond 14,190, 50% Fibonacci retracement level of 14,345 will be on the bull's radar. On the downside, lows marked… 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.
