| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Sell | Sell | Sell |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Neutral | Neutral |
| Alligator(13;8;5) | Sell | Sell | Sell |
| SAR(0.02;0.2) | Sell | Sell | Sell |
| Aggregate | ⇘ | ⇘ | ⇘ |
The dollar index, which compares the US Dollar against a basket of major currencies, has declined by 100 pips or 1.06% since October 15. The 100-period simple moving average pressured the index lower during the past week.
All things being equal, the exchange rate could continue to edge lower during the following trading sessions. The potential target for bears would be near the 92.00 level.
However, the weekly support level at 92.64 could provide support for the DOLLAR.IDX/USD pair in the shorter term.