| 4H | 1D | 1W | |
|---|---|---|---|
| MACD(12;26;9) | Buy | Sell | Sell |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Neutral | Neutral |
| Alligator(13;8;5) | Buy | Sell | Sell |
| SAR(0.02;0.2) | Buy | Sell | Sell |
| Aggregate | ⇗ | ⇘ | ⇘ |
Since November, the EUR/DKK exchange rate has been trading downwards within a falling wedge pattern.
From a theoretical perspective, it is likely that the currency pair could continue to decline within the predetermined pattern until the end of January. Then, a breakout north could follow, and the pair could target the Fibo 50.00% at 7.4533.
In the meantime, note that the exchange rate is pressured by the 55-, 100– and 200-period moving averages in the 7.4400/7.4410 range. Thus, a breakout south could occur, and the pair could decline below 7.3300.