| Indicator | 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) | Sell | Sell | Sell |
| Aggregate | ⇘ | ⇘ | ⇘ |
The EUR/DKK currency pair has been trading within a falling wedge pattern since the end of March.
From a theoretical point of view, it is likely that the exchange rate could continue to trade within the given pattern until the middle of June. Then, a breakout north is likely to follow.
However, note that the currency pair is pressured the 55-, 100– and 200-hour moving averages. Thus, a breakout south from the pattern could occur within the following trading sessions. In this case the pair could gain support from the Fibo 61.80% at 7.4485.