| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Sell | Sell | Sell |
| RSI(14) | Neutral | Buy | Buy |
| Stochastic(5;3;3) | Neutral | Neutral | Buy |
| Alligator(13;8;5) | Sell | Sell | Sell |
| SAR(0.02;0.2) | Sell | Buy | Sell |
| Aggregate | ⇘ | ⇒ | ⇒ |
The dollar index, which measures the US Dollar against a basket of major currencies, has declined by 1.08% since last week's trading sessions. The index was pressured lower by the 100– period simple moving average.
All things being equal, the DOLLAR.IDX/USD pair could continue to edge lower in a descending channel pattern during the following trading sessions. The possible target for bears would be near the 88.50 area.
However, the weekly support level at 89.32 could provide a barrier for bearish traders in the shorter term.