| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Buy | Sell | Sell |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Sell | Buy |
| Alligator(13;8;5) | Buy | Sell | Sell |
| SAR(0.02;0.2) | Buy | Buy | Sell |
| Aggregate | ⇗ | ⇘ | ⇘ |
The dollar index, which measures the US Dollar against a basket of major currencies, has surged by 1.50% since August 5. The DXY breached the 50– period SMAs during yesterday's trading session.
Technical indicators suggest buying signals on the 4-hour time-frame chart. Most likely, the currency pair will continue to edge higher during the following trading sessions.
However, the weekly resistance level at 94.06 could provide resistance for the currency exchange rate in the shorter term.