The Greenback is depreciating against the Swedish Krona simultaneously in two descending channel patterns. One of the channels is a representation of the pair's bounce off from the dominant channel's resistance line. Meanwhile, the currency exchange rate has historically shown that it is affected by the retracement levels of the 2016 high and low levels. Most recently the currency pair bounced off from the combined support of the junior channel's lower trend line and the 50.00% Fibonacci retracement level at 8.6737. Meanwhile, the SWFX market sentiment gives no clues in regard to the future direction of the pair, as the market sentiment is neutral.
| Level | Rationale | Indicator | 4H | 1D | 1W | |||
| R4 | 8.8260 | Weekly R1 | MACD (12; 26; 9) | Sell | Sell | Sell | ||
| R3 | 8.8095 | 100-period SMA | RSI (14) | Neutral | Neutral | Neutral | ||
| R2 | 8.7682/77.80 | Weekly PP; 55-period SMA | Stochastic (5; 3; 3) | Sell | Neutral | Sell | ||
| R1 | 8.7475 | Trend line | ADX (14) | Neutral | Sell | Neutral | ||
| S1 | 8.7008 | Monthly S1 | CCI (14) | Neutral | Buy | Neutral | ||
| S2 | 8.6741/01 | 50.00% Fibo; weekly S1 | AROON (14) | Buy | Buy | Buy | ||
| S3 | 8.6381 | Trend line | Alligator (13; 8; 5) | Sell | Sell | Sell | ||
| S4 | 8.6123 | Weekly S2 | SAR (0.02; 0.2) | Buy | Sell | Sell | ||
| Aggregate | → | ↘ | ↘ |