Dollar.IDX/USD 4H Chart: Bounces off 200 – period SMA - Trade Pattern Ideas - Dukascopy Bank
Tue, 27 Aug 2019 06:08:47 GMT
Source: Dukascopy Bank SA
Indicator
4H
1D
1W
MACD(12;26;9)
Sell
Buy
Sell
RSI(14)
Neutral
Neutral
Neutral
Stochastic(5;3;3)
Sell
Neutral
Neutral
Alligator(13;8;5)
Sell
Buy
Sell
SAR(0.02;0.2)
Sell
Buy
Sell
Aggregate
⇓
⇗
⇘
The Dollar index has edged lower by 0.85% in value since last week's trading sessions. The pair breached the lower boundary of an ascending channel pattern at 97.74 on August 23.
The Dollar.IDX/USD pair bounced off a support level, formed by the 200– period simple moving average at 97.50 on August 26.
The pair will most likely aim for a resistance level at 98.71 during the following trading sessions.
However, technical indicators suggest bearish momentum on the 4(H) time-frame chart.
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