| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Buy | Buy | Sell |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Buy | Neutral | Neutral |
| Alligator(13;8;5) | Neutral | Buy | 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 been surging in an ascending channel pattern since October 21. The DXY tested the 94.00 mark during this week.
All things being equal, the dollar index will most likely continue to edge higher during the following trading sessions. The potential target for the DOLLAR.IDX/USD pair would be at the 95.00 level.
However, the upper line of the channel pattern could provide resistance for the exchange rate in the short term.