Ticker 1

Ticker 2

Click "Like" to Receive First Hand Updates From The Analysis Site / Click "SHARE" to share

Sunday, 29 June 2014

Indonesia Stock Index and Indonesia Rupiah Concurrent Analysis: 29 June 2014, Sunday, 5.59pm Singapore Time

Indonesia Stock Index and Indonesia Rupiah Concurrent Analysis: 
29 June 2014, Sunday, 5.59pm Singapore Time
Chart courtesy of StockCharts.com

Technical Analysis of Dow Jones Indonesia Stock Index that tracks closely to Jakarta Composite Index is as per illustrated in Weekly Chart above:
+ Bearish Distributional Rounding Top
+ Inertia against bouncing off 50MA
+ Repeated test of 200MA showing instability
+ Signs of topping out.
+ RED and ORANGE paths are warning of limited upside with risks of much more downside.
+ Down-move pressure getting stronger and stronger at the peak. 


Indonesia Stock Index and Indonesia Rupiah Concurrent Analysis: 
29 June 2014, Sunday, 5.59pm Singapore Time
Chart courtesy of XE.com

Technical Analysis of IDRUSD is as per illustrated in Foreign Exchange Chart above.
Indonesia Rupiah Markets may be signalling the brewing of initial signs of trouble. Be cautious.


Donovan Norfolk Technical Rating:
Bearish
Exit Financial Markets
Sell/Short Financial Markets, Indices, Stocks & Equities
Signs of Topping Out; Transition from Bull to Bear Markets Worldwide



Click "Share" on the Facebook icon at the bottom of this thread if you like it, or 
if you would like to start a discussion about it with friends on your Facebook Wall.

No comments:

Post a comment