Dollar.IDX/USD 4H Chart: Could edge lower - Trade Pattern Ideas - Dukascopy Bank
Tue, 30 Jul 2019 05:46:33 GMT
Source: Dukascopy Bank SA
Indicator
4H
1D
1W
MACD(12;26;9)
Buy
Buy
Sell
RSI(14)
Sell
Neutral
Neutral
Stochastic(5;3;3)
Neutral
Sell
Neutral
Alligator(13;8;5)
Buy
Buy
Sell
SAR(0.02;0.2)
Buy
Buy
Sell
Aggregate
⇗
⇗
⇘
The Dollar index has been appreciating in an ascending channel pattern since the end of June when the pair reversed from a support level formed by the lower boundary of the channel pattern at 95.50 on June 26.
The Dollar.IDX/USD pair is currently trading near a resistance level set by the weekly R1 at 98.13.
Most likely, the pair could retrace down from the weekly R1 during the following trading sessions.
Moreover, bears might pressure the pair towards a support cluster formed by the 55-hour simple moving average and the weekly and the monthly PPs at 97.21 in within this week's sessions.
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