| 4H | 1D | 1W | |
|---|---|---|---|
| MACD(12;26;9) | Sell | Sell | Sell |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Neutral | Neutral |
| Alligator(13;8;5) | Sell | Sell | Sell |
| SAR(0.02;0.2) | Buy | Sell | Sell |
| Aggregate | ⇒ | ⇘ | ⇘ |
Since the beginning of January, the EUR/DKK exchange rate has been trading downwards within a rising wedge pattern.
From a theoretical perspective, it is likely that the currency pair could breach the predetermined pattern north in the nearest future. In this case the pair could target the 7.4550 mark.
Meanwhile, note that the exchange rate is pressured by the 55-, 100– and 200-period moving averages in the 7.4370/7.4390 range. Thus, some downside potential could continue to prevail in the market.