| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Buy | Buy | Sell |
| RSI(14) | Sell | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Sell | Neutral |
| Alligator(13;8;5) | Buy | Buy | 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 declined by 2.89% since the beginning of September. The currency pair breached August's swing high at 93.96 on September 22.
All things being equal, the DOLLAR.IDX/USD pair is likely to continue to trend bullish during the following trading sessions. The potential target for bulls would be at the 96.00 level.
However, the monthly resistance level at 94.69 could provide resistance for the dollar index in the shorter term.