| Indicator | 4H | 1D | 1W |
| MACD (12; 26; 9) | Sell | Sell | Buy |
| RSI (14) | Neutral | Neutral | Neutral |
| Stochastic (5; 3) | Sell | Neutral | Neutral |
| Alligator (13; 8; 5) | Sell | Sell | Buy |
| SAR (0.02; 0.2) | Buy | Sell | Sell |
| Aggregate | ⇘ | ⇒ | ⇗ |
The USD/DKK exchange rate has been ranging for the last two months, with its trading range diminishing considerably during the last two weeks. This has left the pair in a triangle-like formation.
Yesterday, the US Dollar bounced off the senior channel located near 6.35. It has likewise surpassed the several SMAs both on the 1H and 4H time-frames. This may point to a surge within the following two weeks. A possible near-term target is the upper triangle line near 6.41.
Traders should look out for the 6.3850 level where the 200-period SMA and a trend-line are located. In case this mark is not breached, it is likely that the bearish sentiment takes over the pair, thus allowing for a breakout of the senior channel and a move towards the monthly S1 at 6.32.