. As a result, foreign direct investment into those nations will surge from $100 billion a year now to around $240 billion every 12 months by 2025, the investment bank predicts. The companies most likely to take advantage of those trends have dramatic potential growth.

There has been a sustained shift toward Asia in terms of the target and source of capital. Eight out of the 10 most-promising nations for investment are in Asia, out of 23 countries screened by Nomura.

Overall, the bias in prices is: Sideways.

Short term: Prices are stalling.

Intermediate term: Prices are ranging.

The projected upper bound is: 13,363.06.

The projected lower bound is: 13,283.58.

The projected closing price is: 13,323.32.

Candlesticks

A white body occurred (because prices closed higher than they opened).

During the past 10 bars, there have been 8 white candles and 2 black candles for a net of 6 white candles. During the past 50 bars, there have been 26 white candles and 15 black candles for a net of 11 white candles.

A long upper shadow occurred. This is typically a bearish signal (particularly when it occurs near a high price level, at resistance level, or when the security is overbought).

A spinning top occurred (a spinning top is a candle with a small real body). Spinning tops identify a session in which there is little price action (as defined by the difference between the open and the close). During a rally or near new highs, a spinning top can be a sign that prices are losing momentum and the bulls may be in trouble.

Three white candles occurred in the last three days. Although these candles were not big enough to create three white soldiers, the steady upward pattern is bullish.

Momentum Indicators

Momentum is a general term used to describe the speed at which prices move over a given time period. Generally, changes in momentum tend to lead to changes in prices. This expert shows the current values of four popular momentum indicators.

Stochastic Oscillator

One method of interpreting the Stochastic Oscillator is looking for overbought areas (above 80) and oversold areas (below 20). The Stochastic Oscillator is 50.0000. This is not an overbought or oversold reading. The last signal was a buy 10 period(s) ago.

Relative Strength Index (RSI)

The RSI shows overbought (above 70) and oversold (below 30) areas. The current value of the RSI is 47.47. This is not a topping or bottoming area. A buy or sell signal is generated when the RSI moves out of an overbought/oversold area. The last signal was a sell 15 period(s) ago.

Commodity Channel Index (CCI)

The CCI shows overbought (above 100) and oversold (below -100) areas. The current value of the CCI is 45. This is not a topping or bottoming area. The last signal was a buy 9 period(s) ago.

MACD

The Moving Average Convergence/Divergence indicator (MACD) gives signals when it crosses its 9 period signal line. The last signal was a sell 13 period(s) ago.

Rex Takasugi – TD Profile

FOREX IDR= closed unchanged at 13,323.000. Volume was 22% above average (neutral) and Bollinger Bands were 32% wider than normal.

Open High Low Close Volume

13,322.000 13,333.000 13,320.000 13,323.000 127

Technical Outlook

Short Term: Neutral

Intermediate Term: Bearish

Long Term: Bearish

Moving Averages: 10-period 50-period 200-period

Close: 13,322.50 13,323.28 13,331.81

Volatility: 2 2 4

Volume: 119 97 105

Short-term traders should pay closer attention to buy/sell arrows while intermediate/long-term traders should place greater emphasis on the Bullish or Bearish trend reflected in the lower ribbon.

Summary

FOREX IDR= is currently 0.1% below its 200-period moving average and is in an downward trend. Volatility is low as compared to the average volatility over the last 10 periods. Our volume indicators reflect volume flowing into and out of IDR= at a relatively equal pace (neutral). Our trend forecasting oscillators are currently bearish on IDR= and have had this outlook for the last 8 periods.

Source : Live Trading News

Aug 05, 2017