| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Buy | Buy | Sell |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Neutral | Neutral |
| Alligator(13;8;5) | Buy | Buy | Sell |
| SAR(0.02;0.2) | Sell | Buy | Buy |
| Aggregate | ⇒ | ⇗ | ⇒ |
The EUR/SEK exchange rate has been trading downwards since the beginning of February when it failed to exceed the 10.70 level. Currently, the rate is trading at 10.56.
Note that the currency pair faced support of the 100– and 200-period SMAs (4H time-frame chart). Thus, a reversal north could occur in the nearest future, and the pair could re-test the 10.70 mark.
However, the exchange rate would have to surpass the resistance level formed by the monthly PP at 10.62. If the given level holds, the rate could continue to decline. Important level to look out for is the Fibonacci 23.60% retracement at 10.47.