| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Buy | Sell | Sell |
| RSI(14) | Neutral | Neutral | Buy |
| Stochastic(5;3;3) | Neutral | Neutral | Neutral |
| Alligator(13;8;5) | Buy | Neutral | Sell |
| SAR(0.02;0.2) | Buy | Buy | Sell |
| Aggregate | ⇗ | ⇒ | ⇘ |
The USD/DKK currency pair continued to trade downwards within the adjusted falling wedge pattern.
From a theoretical point of view, it is likely that the exchange rate could continue to trade downwards within the predetermined pattern in the medium term. In this case the rate could reach the 5.9500 by the beginning of March.
Meanwhile, note that the currency pair could gain support from the 55-, 100– and 200-period moving averages in the 6.0900/6.1100 area and breach the given pattern north in the nearest future. The pair could target the Fibo 61.80% at 6.3495.