| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Buy | Buy | Sell |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Buy | Neutral | Neutral |
| Alligator(13;8;5) | Neutral | Buy | Sell |
| SAR(0.02;0.2) | Sell | Buy | Sell |
| Aggregate | ⇒ | ⇗ | ⇘ |
[ANNOUNCE]The dollar index, which measures the US Dollar against a basket of major currencies, has been surging in an ascending channel pattern since October 21. The DXY tested the 94.00 mark during this week.[/ANNOUNCE]
All things being equal, the dollar index will most likely continue to edge higher during the following trading sessions. The potential target for the DOLLAR.IDX/USD pair would be at the 95.00 level.
However, the upper line of the channel pattern could provide resistance for the exchange rate in the short term.