| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Buy | Sell | Sell |
| RSI(14) | Neutral | Neutral | Buy |
| Stochastic(5;3;3) | Neutral | Neutral | Buy |
| Alligator(13;8;5) | Buy | Sell | 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 surged by 1.59% since the beginning of January. The index tested the 200– period simple moving average at 90.60 on January 11.
The currency pair reversed from a three-week high level at 90.60 during yesterday's trading session. Most likely, the exchange rate could continue to edge lower this week.
However, a support cluster formed by the 50– and 100– period SMAs and the weekly pivot point at 89.78 could provide support for the DOLLAR.IDX/USD pair in the shorter term.