empty
24.03.2025 08:09 AM
Technical Analysis of Daily Price Movement of USD/IDR Exotic Currency Pairs, Monday March 24, 2025.

This image is no longer relevant

On the daily chart, the exotic currency pair USD/IDR appears to be moving in a Bullish Pitchfork channel, which is confirmed by the price movement of this exotic currency pair moving above the EMA (55) and the appearance of Convergence between the price movement of USD/IDR and the Stochastic Oscillator indicator, so based on these facts, in the next few days, USD/IDR has the potential to strengthen again, where the level of 16589.00 will be tested to be broken and closed above it, and if successful, USD/IDR will have the potential to continue strengthening to the level of 16680.80 and if the volatility and momentum of strengthening support it, then 16799.12 will be the next target, but if on its way to the target levels, there is a sudden weakening correction that causes USD/IDR to fall again until it breaks and closes below 16249, then all the strengthening scenarios that have been described previously will be invalid and automatically cancelled.

(Disclaimer)

Summary
Urgency
Analytic
Arief Makmur
Start trade
Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST

Recommended Stories

Forecast for EUR/USD on September 23, 2025

On Monday, the EUR/USD pair reversed in favor of the European currency and rose to the resistance zone of 1.1789–1.1802. The start of the new day (Tuesday) shows that bears

Samir Klishi 12:27 2025-09-23 UTC+2

Forecast for GBP/USD on September 23, 2025

On the hourly chart, the GBP/USD pair on Monday reversed in favor of the British currency and consolidated above the 76.4% retracement level – 1.3482. Thus, the upward process

Samir Klishi 12:14 2025-09-23 UTC+2

GBP/USD. Indicator Analysis on September 23, 2025

On Monday, the pair moved upward, testing the 85.4% retracement level at 1.3516 (blue dotted line), and then the price pulled back slightly, closing the daily candle at 1.3510. Today

Stefan Doll 11:15 2025-09-23 UTC+2

Forex forecast 23/09/2025: EUR/USD, GBP/USD, USD/JPY, USD/CHF, USD/CAD and Bitcoin

Useful links: My other articles are available in this section InstaForex course for beginners Popular Analytics Open trading account Important: The begginers in forex trading need to be very careful

Sebastian Seliga 10:27 2025-09-23 UTC+2

EUR/USD. Indicator Analysis on September 23, 2025

On Monday, the pair moved upward, breaking through the 23.6% retracement level at 1.1794 (blue dotted line) and closing the daily candle at 1.1802. Today, the price may start moving

Stefan Doll 10:07 2025-09-23 UTC+2

Although there is potential for strengthening today, Natural Gas is still likely to continue its weakening bias. Tuesday, September 23, 2025.

[Natural Gas] – [Tuesday, September 23, 2025] There is potential for a limited rebound as long as it does not break and close above Resistance 2; otherwise, #NG is likely

Arief Makmur 07:32 2025-09-23 UTC+2

Gold has the potential to strengthen up to its nearest Resistance today. Tuesday, September 23, 2025.

[Gold] – [Tuesday, September 23, 2025] Although a Bearish Divergence has appeared which signaling a possible correction, the EMA's Golden Cross and the RSI which remains in the Neutral-Bullish zone

Arief Makmur 07:32 2025-09-23 UTC+2

Trading Signals for GOLD for September 23-26, 2025: sell below $3,750 (8/8 Murray - 38 SMA)

Gold is trading around 3,743 with a small technical correction after reaching a new high around 3,760. If the XAU/USD trades below the 8/8 Murray level, bearish pressure could intensify

Dimitrios Zappas 06:40 2025-09-23 UTC+2

Trading Signals for BITCOIN for September 23-26, 2025: buy above $111,500 (4/8 Murray - 38 SMA)

If the Bitcoin price manages to consolidate above the 4/8 Murray level, it will be seen as an opportunity to buy in the coming hours, with a target at $114,700

Dimitrios Zappas 06:39 2025-09-23 UTC+2

Trading Signals for EUR/USD for September 23-26, 2025: sell below 1.1840 (8/8 Murray - 38 SMA)

On the other hand, if the euro consolidates above 1.1840, it could continue its bullish bias and could reach the +2/8 Murray level at 1.1962, or even the psychological level

Dimitrios Zappas 06:37 2025-09-23 UTC+2
Can't speak right now?
Ask your question in the chat.
Widget callback
 

Dear visitor,

Your IP address shows that you are currently located in the USA. If you are a resident of the United States, you are prohibited from using the services of InstaFintech Group including online trading, online transfers, deposit/withdrawal of funds, etc.

If you think you are seeing this message by mistake and your location is not the US, kindly proceed to the website. Otherwise, you must leave the website in order to comply with government restrictions.

Why does your IP address show your location as the USA?

  • - you are using a VPN provided by a hosting company based in the United States;
  • - your IP does not have proper WHOIS records;
  • - an error occurred in the WHOIS geolocation database.

Please confirm whether you are a US resident or not by clicking the relevant button below. If you choose the wrong option, being a US resident, you will not be able to open an account with InstaForex anyway.

We are sorry for any inconvenience caused by this message.