#USDIDR @ 14,795.0 : Upward momentum improves further – UOB
…
This is a premium post.
[s2If !current_user_can(access_s2member_level4)]Please register for FREE REGISTER to read full post below containing analysis. In case of any error or you think you are not able to read the full post below, please email us at support#nehcap.com [lwa][/s2If] [s2If current_user_can(access_s2member_level1)]
Extra gains to the 14,930 level appear on the cards for USD/IDR in the near term, comments Markets Strategist Quek Ser Leang at UOB Group.
“After USD/IDR dropped to a low of 14,560 and rebounded, we highlighted last Monday (01 May, spot at 14,695) that ‘the weakness in USD/IDR appears to have stabilized’ and we expected it to ‘consolidate in a range between 14,550 and 14,740’. However, USD/IDR did not exactly consolidate as it rebounded from 14,650 to 14,765.”
“USD/IDR continue to rise today and the improving upward momentum suggests it could advance to 14,930. A break of this level is not ruled out but it is premature to expect USD/IDR to breach the next major resistance at 14,980. This week, any pullback is unlikely to challenge 14,650 (minor support is at 14,710).”
[/s2If]
Nehcap Expert Advisor
The NEHCAP MT4 EA is high quality professional trading system geared to generate returns without using GRID or martingales. Each trade has strict risk per trade parameter. The pairs under management include EURUSD, GBPUSD, AUDCAD, AUDNZD,GBPAUD, EURAUD, EURCAD, CHFJPY and many more.
The system is trading live: LIVE ACCOUNT TRACKING
You can run it free. Apply for a free trial and track our account. Buy the system or use profit share mechanism to generate returns on your MT4.
Join Our Telegram Group
