USD/IDR Technical Analysis: Choppy between 100-day EMA, 23.6% Fibo.

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.

Anil Panchal FXStreet

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

additional important levels

Overview
Today last price	14093.3
Today Daily Change	-3.6000
Today Daily Change %	-0.03%
Today daily open	14096.9

Trends
Daily SMA20	14069.5225
Daily SMA50	14101.253
Daily SMA100	14113.4035
Daily SMA200	14164.8605

Levels
Previous Daily High	14127.5
Previous Daily Low	14057
Previous Weekly High	14193.714
Previous Weekly Low	13913.9
Previous Monthly High	14273.8
Previous Monthly Low	13971.3
Daily Fibonacci 38.2%	14100.569
Daily Fibonacci 61.8%	14083.931
Daily Pivot Point S1	14060.1
Daily Pivot Point S2	14023.3
Daily Pivot Point S3	13989.6
Daily Pivot Point R1	14130.6
Daily Pivot Point R2	14164.3
Daily Pivot Point R3	14201.1

Author

Anil Panchal

FXStreet

Anil Panchal has nearly 15 years of experience in tracking financial markets. With a keen interest in macroeconomics, Anil aptly tracks global news/updates and stays well-informed about the global financial moves and their implications.

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