| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Sell | Buy | Sell |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Buy | Neutral |
| Alligator(13;8;5) | Sell | Buy | Neutral |
| 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 1.20% since April 1. A breakout occurred through the lower boundary of an ascending channel pattern during this week's trading sessions.
Given that a breakout has occurred, the DXY index is likely to continue to edge lower during the following trading sessions. The potential target for sellers will be near the 91.50 area.
However, the DOLLAR.IDX/USD pair could bounce off from a support line at 92.16 within this week's trading sessions.