Indicator | 1D | 1W | 1MN |
MACD (12; 26; 9) | Sell | Buy | N/A |
RSI (14) | Neutral | Neutral | Neutral |
Stochastic (5; 3) | Buy | Neutral | Neutral |
Alligator (13; 8; 5) | Sell | Buy | Sell |
SAR (0.02; 0.2) | Sell | Sell | Buy |
Aggregate | ⇒ | ⇗ | ⇒ |
EUR/CZK is moving in line with a ten-month ascending channel. The most recent test of its upper boundary occurred two weeks ago when the pair peaked at a one-year high at 28.20. It was followed by a decline in a newly-formed junior channel.
The pair's neat movement in this pattern suggests that its next move should be north towards the upper channel line located near the 25.70 mark. The Euro has to overcome the 55-and 100-hour SMAs in order to confirm this bullish scenario.
The general price movement is expected to be downwards within the following weeks until the lower line of the senior channel is reached near 25.45.