| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Sell | Buy | Sell |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Neutral | Neutral |
| Alligator(13;8;5) | Sell | Buy | Sell |
| 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 1.40% since September 25. The index tested the lower boundary of an ascending channel pattern at 93.39 on October 6.
The exchange rate is currently trading near the lower line of the channel pattern and could be set for a breakout.
If the breakout occurs, a decline towards the 92.50 level could be expected during the following trading sessions.
However, if the ascending channel pattern holds, bullish traders could pressure the price higher within this week's trading sessions.