| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Sell | Buy | Sell |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Neutral | Sell |
| Alligator(13;8;5) | Sell | Buy | Neutral |
| SAR(0.02;0.2) | Buy | Sell | Sell |
| Aggregate | ⇒ | ⇒ | ⇘ |
Since the beginning of February, the dollar index, which measures the US Dollar against a basket of major currencies, has edged higher by 2.65% in value. The currency pair hit a new high at 99.81 on February 20.
As for the near future, the DOLLAR.IDX/USD pair will most likely edge lower. The potential target will be near a support cluster formed by the 200– period simple moving average and the monthly R1 at 98.12.
However, a support cluster at the 98.85 could provide support for the exchange rate during the following trading sessions.