| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Buy | Sell | Sell |
| RSI(14) | Sell | Neutral | Neutral |
| Stochastic(5;3;3) | Sell | Neutral | Neutral |
| Alligator(13;8;5) | Buy | Sell | Sell |
| SAR(0.02;0.2) | Buy | Buy | Sell |
| Aggregate | ⇒ | ⇒ | ⇘ |
The dollar index, which measures the US Dollar against a basket of major currencies, has surged by 98 points or 1.09% since the end of May. The index breached the 200– period simple moving average at 90.51 on June 3.
By and large, buyers are likely to continue to pressure the price higher during the following trading weeks. The possible target for DXY will be near the weekly resistance level at 91.40.
However, the 200– period SMA could provide resistance for the DOLLAR.IDX/USD pair in the shorter term.