| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Buy | Buy | Sell |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Neutral | Neutral |
| Alligator(13;8;5) | Buy | Buy | Sell |
| SAR(0.02;0.2) | Buy | Buy | Buy |
| Aggregate | ⇗ | ⇗ | ⇒ |
The EUR/SEK currency pair has been trading upwards within an ascending channel since the beginning of August.
From a theoretical point of view, it is likely that some upside potential could continue to prevail in the market, and the exchange rate could continue to trade within the given channel. In this case the rate could face the resistance level—the monthly R1 at 10.41.
In the meantime, it is unlikely that bears could prevail in the market, and the currency pair could decline below the Fibo 50.00% located at the 10.22 mark.