Indicator | 4H | 1D | 1W |
MACD (12; 26; 9) | Sell | Sell | Buy |
RSI (14) | Neutral | Neutral | Neutral |
Stochastic (5; 3) | Neutral | Neutral | Neutral |
Alligator (13; 8; 5) | Sell | Sell | Buy |
SAR (0.02; 0.2) | Buy | Sell | Buy |
Aggregate | ⇘ | ⇒ | ⇗ |
The US Dollar is appreciating against the Danish Krone in a short term ascending channel. This gradual increase in price began when the rate reversed from the 6.3600 mark.
Currently, the rate is being supported by the 55– and 100-hour SMAs on the 1H time-frame. It is expected that the rate eventually gathers the necessary momentum to breach the junior channel.
However, it should be taken into account that the pair is pressured by the 200-hour SMA at 6.4137 and this advance might not be immediate.
An important level to look out for is the monthly R1 at 6.4353.