| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Buy | Buy | Buy |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Sell | Neutral |
| Alligator(13;8;5) | Buy | Buy | Buy |
| SAR(0.02;0.2) | Buy | Sell | Sell |
| Aggregate | ⇗ | ⇒ | ⇒ |
The dollar index, which measures the US Dollar against a basket of major currencies, has surged by 1.84% since last week's trading sessions. The exchange rate breached the 50-, 100– and 200– period SMAs during this period.
Technical indicators suggest buying signals on the 4(H) time-frame chart. Therefore, the currency pair will most likely continue to edge higher. Bullish traders might target the 102.50 area during the following trading sessions.
However, the weekly resistance level at 100.54 could provide resistance for the Dollar.IDX/USD currency exchange rate within this week's trading sessions.