| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Sell | Buy | Sell |
| RSI(14) | Buy | Neutral | Neutral |
| Stochastic(5;3;3) | Buy | Neutral | Neutral |
| Alligator(13;8;5) | Sell | Buy | Sell |
| SAR(0.02;0.2) | Sell | Sell | Sell |
| Aggregate | ⇒ | ⇒ | ⇘ |
The dollar index, which measures the US Dollar against a basket of major currencies, has declined by 1.31% since February 5. A breakout occurred through the lower boundary of an ascending channel pattern at 90.65 during yesterday's trading session.
Given that a breakout has occurred, the DXY will most likely continue to edge lower during the following trading sessions. The potential target for bearish traders would be near the 89.50 level.
However, a support cluster formed by the weekly S1 and the 200– period SMA at 90.35 could provide support for the DOLLAR.IDX/USD pair within this week's trading sessions.