| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Sell | Sell | Sell |
| RSI(14) | Neutral | Buy | Neutral |
| Stochastic(5;3;3) | Neutral | Neutral | Neutral |
| 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 depreciating in a descending channel pattern since the beginning of December. The currency pair has declined by 2.15% in value during this past two weeks.
Everything being equal, the Dollar.IDX/USD pair will most likely maintain the descending channel within this week's trading sessions. The potential target will be at the 95.74 area.
However, a support cluster formed by the weekly S1 and the monthly S2 near the 96.25 zones could provide support for the pair during the following trading sessions.