| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Buy | Buy | Sell |
| RSI(14) | Sell | Sell | Neutral |
| Stochastic(5;3;3) | Neutral | Sell | Sell |
| Alligator(13;8;5) | Buy | Buy | Neutral |
| SAR(0.02;0.2) | Buy | Buy | Sell |
| Aggregate | ⇗ | ⇒ | ⇘ |
The dollar index, which measures the US Dollar against a basket of major currencies, has edged higher by 1.78% in value since the beginning of February. The currency pair is currently trading near a resistance cluster formed by the weekly R1 and the monthly R2 at 99.04.
If the resistance cluster holds, the exchange rate will make a brief pullback towards the 55– period simple moving average at 98.16 during the following trading sessions.
However, if the DOLLAR.IDX/USD pair breaks the cluster, a breakout through the upper boundary of an ascending channel pattern could occur before the end of this week's trading sessions.