| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Buy | Sell | Sell |
| RSI(14) | Sell | Neutral | Buy |
| Stochastic(5;3;3) | Neutral | Sell | Neutral |
| Alligator(13;8;5) | Buy | Neutral | 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 179 pips or 1.95% since the beginning of September. The currency pair breached the 50-, 100– and 200– period SMAs.
All things being equal, the index will most likely continue to trend bullish during the following trading sessions. A breakout through the upper boundary of a descending channel pattern could occur.
However, a resistance cluster formed by the weekly R1 and the monthly R1 at 93.44 could provide resistance for the DOLLAR.IDX/USD pair this week.