| Indicator | 4H | 1D | 1W |
| MACD (12; 26; 9) | Buy | Buy | Sell |
| RSI (14) | Neutral | Sell | Neutral |
| Stochastic (5; 3) | Sell | Sell | Sell |
| Alligator (13; 8; 5) | Buy | Buy | Sell |
| SAR (0.02; 0.2) | Buy | Buy | Buy |
| Aggregate | ⇒ | ⇒ | ⇘ |
Following an eight-month period of depreciation in a descending channel, the US Dollar began a new up-wave late in August. This bullish sentiment proved to be stronger, thus setting the pair for a breakout of this long-term pattern.
Currently, two channels up are dominating the market. The Greenback has been testing a three-month high of 8.4070 for several trading sessions.
Its failure to move above this line suggests that the pair might be ready to form a retracement from the aforementioned long-term channel.
However, the rate being pressured by the 55– and 100-hour SMAs might hinder any immediate movement south. As a result, it could continue its consolidation phase in this session prior to edging lower next week.