| Indicator | 4H | 1D | 1W |
| MACD (12; 26; 9) | Buy | Buy | Sell |
| RSI (14) | Neutral | Neutral | Neutral |
| Stochastic (5; 3) | Buy | Sell | Sell |
| Alligator (13; 8; 5) | Buy | Neutral | Sell |
| SAR (0.02; 0.2) | Buy | Sell | Buy |
| Aggregate | ⇒ | ⇒ | ⇘ |
[ANNOUNCE] The US Dollar was trading in two patterns simultaneously, namely, a channel down valid since early October and a week-long ascending wedge. [/ANNOUNCE]
As apparent on the chart, the latter prevailed when the rate breached the upper channel boundary early on Friday. In general, ascending wedge is a bearish pattern that should eventually push the rate lower.
Thus, it is likely that the US Dollar reaches the weekly R1 and the 23.6% Fibo at 1.3615, reverses to the south and breaches the junior pattern near the 1.3580 mark. The pair still faces the 55-, 100– and 200-hour SMAs, the 38.2% Fibo and the weekly PP along the way—a support area that is located near the aforementioned line.
In case of a breakout, the Greenback should initiate a new down, thus requiring to adjust to the upside the previously-drawn channel lines.