| Indicator | 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) | Buy | Buy | Sell |
| SAR(0.02;0.2) | Sell | Buy | Sell |
| Aggregate | ⇗ | ⇗ | ⇘ |
Since the beginning of January, the USD/SEK currency pair has been trading upwards, supported by an ascending trend line.
It is likely that the exchange rate could gain support from the 55-, 100– and 200-period moving averages in the 8.2950/8.3440 range. Thus, some upside potential could prevail in the market. In this case the rate could target the Fibo 61.80% at 8.8452 in the medium term.
In the meantime, note that the currency pair could face the resistance level—the monthly R1 at 8.4896. Thus, the pair could bounce off and re-test the psychological level at 8.1500.