Free Trial

Still Stuck Above Its 50-DMA ......>

DOLLAR-IDR TECHS
DOLLAR-IDR TECHS: Still Stuck Above Its 50-DMA 
USDIDR continues to trade in a very tight range above its 50-dma at 14129 but
upside momentum has been lacking keeping the focus on the downside. A close
below here would extend the downtrend to the 14000 support area and the ytd low
at 13898. Below here would open the June 6, 2018 low at 13837. Bulls look to use
the 50-dma as a base allowing a run at the 100-dma at 14251. Above here would
open the key 200-dma which comes in at 14493.

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
}); window.REBELMOUSE_ACTIVE_TASKS_QUEUE.push(function(){ window.dataLayer.push({ 'event' : 'logedout', 'loggedOut' : 'loggedOut' }); });