| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Sell | Sell | Buy |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Neutral | Neutral |
| Alligator(13;8;5) | Sell | Sell | Buy |
| SAR(0.02;0.2) | Buy | Sell | Sell |
| Aggregate | ⇒ | ⇘ | ⇒ |
The S&P 500 has been depreciating against the US Dollar since August 1 when the pair reversed south from a resistance level formed by the weekly R1 at 301.69.
As apparent on the chart, the pair has already breached the bottom border of an ascending channel pattern at 290.12. From a theoretical point of view, it is expected, that some downside potential could continue during the following trading sessions. In this situation, the pair could aim for a psychological support level at 280.00.
On the other hand, the SPY.US/USD pair might reverse from the current price level at 288.09 and target a resistance level formed by the 55– period simple moving average at 296.52 within this week's trading sessions.