| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Sell | Sell | Sell |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Sell | Neutral | Buy |
| Alligator(13;8;5) | Neutral | 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 been depreciating in a descending channel pattern since the beginning of October. The pair has declined about 2.29% in value during this period.
The Dollar.IDX/USD pair is currently trading near the upper boundary of the descending channel pattern at 97.47.
All things being equal, a breakout could occur within this week's trading sessions. The possible target will be at the 98.38 area.
However, from a theoretical point of view, it is expected the pair makes a brief retracement down during the coming days.