USDIDR trade ideas
USDIDRThinking the dollar will gain more steam against particularly EM when FED hikes could be a big misstake imo.
However we've build an amazing upwards consolidation (wedge), the ideal move here would be 1. Fakeout to the upside with a reversal. 2. A sideways movement until 2016, "yield getters".
And there's also something for you tech guys/gals... a sizable cup and handle. Don't spill the contients on your shirt on this one!
Indonesian Rupiah - BUY (sell the pair)
I have been watching this for a while and had target 13000.
here we are. I have difficulties seeing the currency depreciate more and reach the 1998 Armageddon level.
There is a very tiny risk Indonesian rupiah depreciates further but there is 90% it will appreciate from here.
In any case if you exchange here into rupiah, you get the best rate expect for 3 months in 1998.