| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Sell | Sell | Sell |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Neutral | Neutral |
| Alligator(13;8;5) | Sell | Neutral | Sell |
| SAR(0.02;0.2) | Sell | Buy | Sell |
| Aggregate | ⇘ | ⇒ | ⇘ |
The dollar index, which measures the US Dollar against a basket of major currencies, declined by 0.95% during last week's trading sessions. The DXY tested the 100– period SMA on January 21.
The exchange rate is currently trading near the lower boundary of an ascending channel pattern and could be set for a breakout.
If the breakout occurs, a decline towards the 89.40 level could be expected during the following trading sessions.
However, if the channel pattern holds, the DOLLAR.IDX/USD pair is likely to target the 90.80 area this week.