| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Sell | Sell | Buy |
| RSI(14) | Buy | Buy | Neutral |
| Stochastic(5;3;3) | Neutral | Buy | Neutral |
| Alligator(13;8;5) | Sell | Sell | Buy |
| SAR(0.02;0.2) | Sell | Sell | Sell |
| Aggregate | ⇘ | ⇒ | ⇒ |
The dollar index, which measures the US Dollar against a basket of major currencies, has surged by 2.57% since May 25. The currency pair tested a support cluster formed by the weekly S1 and the monthly S1 at 97.28.
If the support cluster, as mentioned above holds, a surge towards the 98.50 level could be expected during the following trading sessions.
However, technical indicators suggest that the DOLLAR.IDX/USD exchange rate might continue to trade bearish within this week's trading sessions. A breakout could occur this week.