| Indicator | 4H | 1D | 1W |
| MACD (12; 26; 9) | Buy | Sell | Buy |
| RSI (14) | Sell | Neutral | Neutral |
| Stochastic (5; 3) | Sell | Sell | Sell |
| Alligator (13; 8; 5) | Buy | Neutral | Buy |
| SAR (0.02; 0.2) | Buy | Buy | Buy |
| Aggregate | ⇒ | ⇘ | ⇒ |
The common European currency is trading against the Australian Dollar in a rising wedge formation. The current pattern started to form right after the currency pair left an ascending triangle and unsuccessfully tried to build a short-term channel up along the 55-hour SMA. Despite all attempts to break to the bottom, the 20-hour SMA did not let the pair to do that. As a result, it started to huddle to the upper edge and, thus, formed a rising wedge. From technical perspective, by the second half of the day the pair is expected to leave the formation to the downside. By the way, the front edge of the pattern coincides with the weekly R3 at 1.5001, which basically sets the upper limit for potential surge in the next two-three days.