| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Buy | Buy | Sell |
| RSI(14) | Neutral | Sell | Neutral |
| Stochastic(5;3;3) | Neutral | Sell | Neutral |
| Alligator(13;8;5) | Buy | Buy | Sell |
| SAR(0.02;0.2) | Sell | Buy | Sell |
| Aggregate | ⇒ | ⇒ | ⇘ |
The dollar index, which measures the US Dollar against a basket of major currencies, has surged by 3.18% since February 25. The DXY tested the 92.50 level during this week's trading sessions.
All things being equal, the exchange rate could continue to trend higher during the following trading sessions. The potential target for bullish traders would be near the 94.00 level.
However, the weekly resistance level at 92.57 could provide resistance for the DOLLAR.IDX/USD pair in the shorter term.