Indicator | 4H | 1D | 1W |
MACD (12; 26; 9) | Buy | Buy | Buy |
RSI (14) | Neutral | Neutral | Neutral |
Stochastic (5; 3) | Neutral | Sell | Neutral |
Alligator (13; 8; 5) | Buy | Buy | Buy |
SAR (0.02; 0.2) | Buy | Buy | Buy |
Aggregate | ⇗ | ⇗ | ⇗ |
As the US Dollar finally found support against the Danish Krona after reaching its target on Monday, a new pattern was spotted.
Namely, the junior pattern was charted on Wednesday. The pair is trading in a junior ascending pattern, which is aimed at the upper trend line of the dominant descending channel.
In general, the rate is set to face the resistance of the 200-hour SMA at 6.3768 and a pivot point at 6.38 before it surges up to the dominant pattern's resistance near the 6.3950 mark.