USD/IDR technical analysis: Pullback from 100-DMA highlights near-term support-line, 23.6% Fibo.

  • 100-DMA limits USD/IDR upside off-late while a 20-week old ascending trend-line confines the quote’s declines.
  • 23.6% Fibonacci retracement of current year movement adds support to the downside.

Having registered another failure to cross 100-day moving average (100-DMA), USD/IDR drops back to 14,125 during early Wednesday in Asia.

An upward sloping trend-line since February start near 14,090 grabs the market attention for now, a break of which could open the door for the pair’s extended downpour to 23.6% Fibonacci retracement level of 13,976.

Should prices keep declining past-13,976, February month low near 13,860 becomes sellers’ favorite.

Meanwhile, pair’s ability to cross the 100-DMA level of 14,209 still needs to successfully trade beyond 50% Fibonacci retracement of 14,236 in order to justify strength to target 61.8% Fibonacci retracement level of 14,351.

In a case, buyers refrain from respecting 14,351 resistance, 200-DMA level of 14,416 will regain market attention.

USD/IDR daily chart

Trend: Bearish

Additional important levels

Today last price 14125
Today Daily Change -21.5000
Today Daily Change % -0.15%
Today daily open 14146.5
Daily SMA20 14256.7275
Daily SMA50 14272.732
Daily SMA100 14205.3175
Daily SMA200 14423.5425
Previous Daily High 14183
Previous Daily Low 14128.1
Previous Weekly High 14418
Previous Weekly Low 13746
Previous Monthly High 14661.5
Previous Monthly Low 14179
Daily Fibonacci 38.2% 14149.0718
Daily Fibonacci 61.8% 14162.0282
Daily Pivot Point S1 14122.0667
Daily Pivot Point S2 14097.6333
Daily Pivot Point S3 14067.1667
Daily Pivot Point R1 14176.9667
Daily Pivot Point R2 14207.4333
Daily Pivot Point R3 14231.8667



Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility.

Feed news

Latest Forex News

Editors’ Picks

EUR/USD advances 1.10 amid upbeat trade headlines, after mixed US retail sales

EUR/USD is trading closer to 1.1050, up on the day. US Commerce Secretary Ross has expressed optimism about reaching a deal with China. The Retail Sales Control Group met expectations with 0.3%.


GBP/USD soars past 1.2900 as Farage gives additional boost to Conservatives

GBP/USD has leaped above 1.29, the highest since early November, as the Brexit Party has failed to field candidates in 43 additional seats, facilitating a victory for PM Boris Johnson.


USD/JPY clings to gains near session tops, around 108.70 post-US data

The USD/JPY pair maintained its strong bid tone near session tops and had a rather muted reaction to the mixed US economic data.


Gold looks to close week with small gains below $1,470

The precious metal struggled to find demand on Friday as the upbeat market mood on renewed hopes of the United States and China reaching a trade deal to avoid a tariff hike in December caused investors to move away from safe havens.

Gold News

Crypto Today: Playing with the thin red line

BTC/USD has fallen below $8,500 during the Asian trading session. A close below this support level would put $7,500 on the trading table. ETH/USD is moving below the 50-period exponential moving average.

Read more