| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Buy | Sell | Sell |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Neutral | Buy |
| Alligator(13;8;5) | Buy | Sell | Sell |
| SAR(0.02;0.2) | Buy | Buy | Sell |
| Aggregate | ⇗ | ⇒ | ⇘ |
The dollar index, which measures the US Dollar against a basket of major currencies, surged by 1.37% during last week's trading sessions. The index tested the monthly resistance level at 97.28.
Currently, the exchange rate is trading near the monthly resistance level. If the resistance line holds, bearish traders could continue to pressure the price lower during the following trading sessions.
However, if the DOLLAR.IDX/USD pair breaks the monthly resistance level, a surge towards the 98.00 mark in the nearest future.