| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Buy | Buy | Buy |
| RSI(14) | Sell | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Sell | Neutral |
| Alligator(13;8;5) | Buy | Buy | Buy |
| SAR(0.02;0.2) | Buy | Buy | Sell |
| Aggregate | ⇗ | ⇗ | ⇒ |
Since last week's trading sessions, the dollar index, which measures the US Dollar against a basket of major currencies, has surged by 122 pips or 1.32%. The index breached the 50– and 200– period SMAs this week.
Technical indicators suggest buying signals on the 4H and daily time-frame charts. Most likely, the dollar index could continue to edge higher during the following trading sessions.
However, the DOLLAR.IDX/USD pair could encounter resistance at 93.66 within this week's trading sessions.