| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Buy | Sell | Sell |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Neutral | Buy |
| Alligator(13;8;5) | Buy | Sell | Sell |
| SAR(0.02;0.2) | Buy | Buy | Sell |
| Aggregate | ⇗ | ⇒ | ⇘ |
The EUR/CZK exchange rate tested the lower boundary of the long-term ascending channel located circa 25.59 last week.
As apparent on the chart, the currency pair is testing the Fibonacci 50.00% retracement at 25.68. Given that the rate is being supported by the 55-, 100– and 200-hour SMAs, it is likely that the pair surpasses given resistance level and continues to go upwards. Important level to look out for is the psychological level at 25.75.
If given resistance holds, it is likely that some downside potential prevails in the market, and the rate re-tests the lower channel line.