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10.03.202506:43 Forex Analysis & Reviews: Technical Analysis of Daily Price Movement of USD/IDR Exotic Currency Pairs, Monday March 10, 2025.

This information is provided to retail and professional clients as part of marketing communication. It does not contain and should not be construed as containing investment advice or 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. Instant Trading EU Ltd. makes no representation and assumes no liability as to the accuracy or completeness of the information provided, or any loss arising from any investment based on analysis, forecast or other information provided by an employee of the Company or otherwise. Full disclaimer is available here.

Exchange Rates 10.03.2025 analysis

On the daily chart, the exotic currency pair USD/IDR, although still in a Bull condition, but with the appearance of Divergence between price movements and the Awesome Oscillator indicator and the appearance of the Bearish Pitchfork Channel, it seems to provide an indication that in the next few days it has the potential to weaken down even though there is a slight potential for strengthening towards the Bearish Fair Value Gap area level, but as long as the strengthening does not break and close above the level of 16439.92, the USD/IDR will weaken down again where the level of 16159 will be tried to be tested even if the momentum of weakening and volatility supports it, then 16049 will be the next target to be aimed for.

(Disclaimer)

Arief Makmur
Analytical expert of InstaForex
© 2007-2025

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