Is the IDR rally more fundamental than technical right now?

asked by u/pip_hunter_ola · 9d · 3 answers

Been watching $IDR today, it's had a decent run up to 30.135, even with that 1.50% gain, the range has been pretty wide, from 29.87 to 31.0899. I know a lot of folks here are big on technicals and will point to certain levels, but I'm starting to wonder if the recent appreciation isn't more driven by some underlying capital flows or maybe even a shift in investor sentiment toward the region, rather than just chart patterns. Like, are the fundamentals finally catching up, or is this still primarily a technical bounce within a larger trend? My gut says it feels different than just a short-term trade. What are your thoughts? Am I off base here?

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Top answers

  • u/neha_j· 1 pts· 9d

    Could be. Given the recent inflation data out of Indonesia, some capital is likely rotating into IDR as a hedge against global uncertainty.

  • u/jsuwannarat· 1 pts· 9d

    ผมว่าเรื่อง capital flows มีผลเยอะครับ โดยเฉพาะช่วงที่ sentiment ตลาดดูดีขึ้นแบบนี้ เรื่องเทคนิคก็สำคัญนะ แต่บางทีปัจจัยพื้นฐานมันก็มาแรงกว่า

  • u/tara_kumar· 1 pts· 9d

    That's an interesting point. While the technicals are always there, sometimes you do have to wonder if a strong move like that isn't signaling something bigger. What kind of capital flows are you thinking might be at play?

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