| 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 USD/SEK exchange rate continued to trade downwards, guided by a descending trend line. The rate has already declined below 9.60.
Note that the currency pair is supported by the 55-, 100– and 200-hour SMAs in the 9.30. Thus, it is likely that a reversal north could occur, and the pair could target the resistance formed by the Fibo 23.60% and the monthly R1 at 9.80.
Meanwhile, note that the exchange rate would have to continue to exceed the Fibo 38.20% at 9.44. If the given level holds, it is likely that a reversal south could occur, and the rate could target the Fibo 61.80% at 8.83.