| 4H | 1D | 1W | |
|---|---|---|---|
| MACD(12;26;9) | Buy | Buy | Sell |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Buy | Neutral | Neutral |
| Alligator(13;8;5) | Neutral | Neutral | Sell |
| SAR(0.02;0.2) | Sell | Buy | Buy |
| Aggregate | ⇒ | ⇗ | ⇒ |
Since the beginning of January, the EUR/SEK exchange rate has been trading upwards within an ascending channel.
From a theoretical point of view, it is likely that the currency pair could continue to trade upwards within the predetermined channel in the medium term. In this case the pair could reach the Fibo 38.20% by the beginning of April.
In the meantime, note that the exchange rate could face the resistance level—the Fibo 23.60% at 10.18. In this case the rate could bounce off and breach the given channel south.