in ANALISA by hafid zaini

7645547 7/13/2017 12:28 PM, USD/IDR intraday: the downside prevails as long as 13355 is resistance


Our pivot point stands at 13355.


Our preference

: the downside prevails as long as 13355 is resistance.


Alternative scenario

: the upside breakout of 13355, would call for 13382 and 13398.


Comment

: the RSI is below 30. It could either mean that the pair is in a lasting downtrend or just oversold and therefore bound to retrace (look for bullish divergence in this case). The MACD is below its signal line and negative. The configuration is negative. Moreover, the pair stands below its 20 and 50 MAs (respectively at 13354 and 13375).


Supports and resistances

:

13398 **

13382 *

13355 **

13344

13329 last

13295

13279 **

13262 *

13246 **