| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Sell | Buy | Buy |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Neutral | Neutral |
| Alligator(13;8;5) | Sell | Buy | Neutral |
| 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 5.17% since the middle of March. The exchange rate tested the 200– period simple moving average on April 1.
The currency pair is trading near the bottom border of an ascending channel pattern at 100.17.
If the ascending channel holds, bulls could drive the price higher during the next week's trading sessions.
However, technical indicators suggest that a potential breakout through the lower boundary of the channel pattern could occur within this session.