| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Sell | Sell | Sell |
| RSI(14) | Neutral | Buy | Buy |
| Stochastic(5;3;3) | Neutral | Neutral | Buy |
| Alligator(13;8;5) | Sell | Sell | Sell |
| SAR(0.02;0.2) | Sell | Sell | Sell |
| Aggregate | ⇘ | ⇘ | ⇒ |
The dollar index, which measures the US Dollar against a basket of major currencies, has been declining in a descending channel pattern since the beginning of November. The index has declined by 1.69% since December 1.
As for the near future, the DOLLAR/IDX/USD pair could continue to edge lower in the descending channel pattern. The potential target for bears would be near the 89.50 level.
However, the weekly S3 at 89.98 could provide support for the currency exchange rate in the shorter term.