Indian Rupee & Indonesian Rupiah No Hurted by Trade War…But…

Indian Rupee & Indonesian Rupiah  –  Back Today on ATA Research Radar 

 

ATA Continuation of…

8.09.2018 –  Indian Rupee & Indonesian Rupiah – another FLASH POINT in Global RISK OFF WAVE…

with

ATA Following …

DXY Index & EUR/USD

31.03.2019 –  DXY – F/X MARATHON ELITE…

26.05.2019 – EUR/USD – European Political New Arrangement Risk…

US YIELD 

29.05.2019 –  US 10Y BOND YIELD – Awakening & Run to Safe Haven…

 

Indian Rupee Motives

RISK OFF – India GDP  Q4 2018 only 5.8% – below exp 6.3%  & 6.6%  Q3 2018

vs

RISK ON – PM Modi Election Win

&

Latest RISK OFF

Trump Declares Trade War on India – New Tariffs 

 Reason – India’s Modi Chose Moscow’s S-400 Missiles

 

Indonesian Rupiah Motives

RISK OFF – Indonesia Q1 GDP Y/Y  5.07% –  Weakens to 1-Year Low

RISK ON – Indonesian President Joko Widodo known as Jokowi won Election 

RISK ON – Bank Indonesia – Indonesia Central Bank left  7-day Reverse Repo Rate unchanged at 6.00%

 

ATA Conclusion 

No Hurted by Trade War…But…

Remember Last Mexican Peso Dynamic Shot Down…

vs

Latest Trump Declares Trade War on India – New Tariffs…

India Chose Moscow’s S-400 Missiles

 

ASIA FX

 

First…ATA from  8.09.2018

” USD/INR – Indian Rupee

Most Important  Key Levels  are : 

Long & Medium  Term View  –   72   &   68.50 – 68.70   

Now must wait &  focus  on

Strategic Technical Pattern  …!!!

USD/IDR – Indonesian Rupiah

Most Important  Key Levels  are : 

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

Now must wait &  focus  on

Confirmation &  Strategic Technical Pattern  …!!! 

 

Second…Present  USD/INR & USD/IDR  Situation 

 

First…Main Motives

Global & US – EU Slowdown  & Recession Risk

FED  vs ECB & BOJ Monetary Policy

&

TRUMP Trade War

Tariffs Trump Key Tweet 

New US Tariffs

New China Tariffs 

&

IRAN – AMERICAN STRIKE RISK

NORTH KOREA RISK Back 

with

Special Indian & Indonesian Motives

above in this text…

Second…Market Technical  Patterns 

USD/INR – Indian Rupee

October 2018 Monthly Candlestick with Upper Shadow

( High  74.49  vs  Close 73.96 ) 

Three Weekly October 2018 Candlesticks with Upper Shadows

&

November 2018 Big Bearish Monthly Candlestick

vs

Testing Support Zone 68.80 – 68.50 

with

still Active  Monthly Bullish Channel 

&

Weekly Wedge Pattern 

&

Monthly MACD Activated  Sell Signal

vs

Weekly MACD Activated  Buy Signal 

of course with

FIB RET   

(  Monthly &  Weekly  Charts )

 

USD/IDR – Indonesian Rupiah

Long Term  Top Risk Patterns

Ending Diagonal  &   2B  – Key Level 14.700

October 2018 – No Monthly Top Signal 

with

Two Weekly October 2018 Candlesticks with Upper Shadows

vs

still Active Long Term Bull Trendline – Lower Part of Ending Diagonal 

Support Zone – Key Level  14.200 & Psychological 14.000 

&

Monthly MACD Sell Signal

vs

Weekly MACD Buy Signal 

of course with

FIB RET   

(  Monthly &  Weekly  Charts )

 

USD/INR  Present Active Range

68.50    vs    70

 

USD/IDR  Present Active Range

14.000   vs   14.500

 

 

ATA  USD/INR Investment Conclusion 

Focus carefully Result of  Testing 

Top Key Level Zone  70

vs

Last Support Zone  68.50

 

 

ATA  USD/INR Investment Conclusion 

Focus carefully Result of  Testing 

Top Key Level Zone  14.500

vs

Last Support Zone  14.000

 

 

N – TIMES

Finally …

F/X  Maxim 

Most Important is  Final  Smart Money Reaction….

First…EOD-s 

Second…EOW-s

Final…EOM – Now June 

 

 

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

8.09.2018

USD/INR

USD-INR-M

USD-INR-W

USD/IDR

USD-IDR - M

USD-IDR - W

31.05.2019

USD/INR

USD-INR - M

USD-INR - W

USD/IDR

USD-IDR - M

USD-IDR - W

 

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