Indian Rupee & Indonesian Rupiah – another FLASH POINT in Global RISK OFF WAVE…

 

Today on  ATA  RESEARCH  Focus

ASIAN EM F/X – Indian Rupee & Indonesian Rupiah

another

FLASH POINT  of  Global EM RISK OFF Wave…

after

China &  Yuan   Currency War 

YUAN – CHINA STRIKES BACK…

Turkey & Lira  Panic

TRY – TURKISH RATING DOUBLE IMPACT…

Russia & Rub  Problems

RUB vs TRUMP CURRENCY WAR…

Brazil & Real  Crisis 

BRAZIL REAL – TURKISH & EM F/X RISK PRESSURE…

South Africa  &  Zar  RISK OFF Wave

SOUTH AFRICAN RAND – TURKISH & EM F/X RISK STRIKE…

Mexican Peso No Positive Reaction on New NAFTA

MEXICAN PESO – F/X SURPRISE after US – MEXICO TRADE DEAL…

&

Argentina & Peso Blow Off 

ARGENTINA PESO – F/X GAME for ONE GOAL…

of course with

still Strong USD Position on Global F/X

DXY – F/X NORTHERN STAR for EM CURRENCIES…

&

Active Motive – TRUMP TRADE WAR 

 

Indian Rupee  &  Indonesian Rupiah  are under    RISK OFF STRIKE…

 

Asia-FX

 

this time…like always

Most Important is  Real Smart Money Reaction on ASIAN F/X…!!!

 

ATA MIND OVER MARKETS…

ATA MARKET MODEL : 

First…Market Motive…

Second…Market Technical  Pattern…

 

Present  Indian Rupee  &  Indonesian Rupiah   Situation 

 

Main Motives

 

FED  QT  in Action 

Global EM CURRENCIES RISK OFF Wave 

TRUMP TRADE WAR

 

 

USD/INR – Indian Rupee

Strong  Bullish  Monthly  Candlesticks  

with

Last Strong  Bullish  Weekly Candlestick  

 

Most Important  Key Levels  are : 

Long & Medium  Term View  –   72   &   68.50 – 68.70   

 

ATA   USD/INR  Present Investment Conclusion

There is

No Trend Change Pattern 

&

No Positive Motive for  INDIA Currency 

Now must wait &  focus  on

Strategic Technical Pattern  …!!!

 

 

USD/IDR – Indonesian Rupiah

Bullish  Monthly  Candlestick but with Upper Shadow   

with

Last Strong  Bullish  Weekly Candlestick  

 

Most Important  Key Levels  are : 

Long & Medium  Term View  –  15.368 ( Last High )  vs   14.700   ( Top 2015 )

 

ATA   USD/IDR  Present Investment Conclusion

There is

No Trend Change Pattern 

but

First  Sign of  Stop  Depreciation of Indonesian Rupiah 

Upper Shadow  Monthly & Weekly Candlestick 

so

Now must wait &  focus  on

Confirmation &  Strategic Technical Pattern  …!!!

 

 

 

USD/INR & USD/IDR Monthly  – Weekly Charts :

 

USD/INR

USD-INR-M

USD-INR-W

USD/IDR

USD-IDR - M

USD-IDR - W

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