| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Sell | Sell | Buy |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Buy | Neutral |
| Alligator(13;8;5) | Sell | Sell | Buy |
| SAR(0.02;0.2) | Buy | Sell | Sell |
| Aggregate | ⇒ | ⇘ | ⇒ |
The dollar index, which measures the US Dollar against a basket of major currencies, has declined by 141 basis points or 1.41% since May 14. The currency pair breached the 50-, 100– and 200– period SMAs during this week's trading sessions.
All things being equal, the Dollar.IDX/USD pair could continue to edge lower during next week's sessions. The potential target for bears would be near the 97.00 region.
However, the exchange rate could slide higher towards the 100.00 mark in the shorter term.