| Indicator | 1H | 4H | 1D |
| MACD (12; 26; 9) | Sell | Buy | Buy |
| RSI (14) | Neutral | Neutral | Sell |
| Stochastic (5; 3) | Neutral | Neutral | Neutral |
| Alligator (13; 8; 5) | Neutral | Buy | Buy |
| SAR (0.02; 0.2) | Buy | Sell | Buy |
| Aggregate | ⇒ | ⇒ | ⇗ |
After failing to pass the resistance of a long term ascending channel pattern, the USD/SEK has been declining in the short term. However, that move has ended and brought market participants new information.
Namely, there exists a medium term channel down pattern, which is guiding the rate lower. The initial decline was just the first move in the borders of the medium scale channel.
The rate recently bounced off the support of the medium pattern and on Friday was half way to the upper trend line of the medium pattern. Most likely the rate will meet resistance near the 8.90 mark.