Indicator | 4H | 1D | 1W |
MACD(12;26;9) | Buy | Buy | Sell |
RSI(14) | Neutral | Neutral | 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 EUR/CZK reversed from the lower boundary of the long-term ascending channel located circa 25.50 at the middle of January.
From a theoretical point of view, the general direction is expected to remain north as the exchange rate should reach the upper channel line located in the 26.40/26.50 range. Important resistance level to look out for is the Fibonacci 23.60% retracement at 25.94.
If given resistance level holds, it is likely that a reversal south occurs within following sessions, and the pair re-tests the lower channel line.