| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Buy | Sell | Sell |
| RSI(14) | Neutral | Neutral | Buy |
| Stochastic(5;3;3) | Neutral | Neutral | Neutral |
| Alligator(13;8;5) | Buy | Sell | Sell |
| SAR(0.02;0.2) | Buy | Sell | Sell |
| Aggregate | ⇗ | ⇘ | ⇘ |
The dollar index, which measures the US Dollar against a basket of major currencies, has been declining in a descending channel pattern during the past six months. The DXY tested the 92.00 mark last week.
All things being equal, the dollar index will most likely continue to edge lower during the following trading sessions. The potential target for the DOLLAR.IDX/USD pair will be at the 90.00 level.
However, the support cluster formed by the 50– and 100– period SMAs and the weekly pivot point at 92.91 could provide support for the price in the shorter term.