| Indicator | 4H | 1D | 1W |
| MACD (12; 26; 9) | Buy | Sell | Sell |
| RSI (14) | Neutral | Neutral | Buy |
| Stochastic (5; 3) | Sell | Sell | Sell |
| Alligator (13; 8; 5) | Buy | Sell | Sell |
| SAR (0.02; 0.2) | Sell | Buy | Buy |
| Aggregate | ⇒ | ⇘ | ⇒ |
[ANNOUNCE] USD/DKK has been trading in a channel down since August 25.[/ANNOUNCE] The rate provided two bottom confirmations of this pattern; however, as apparent on the chart, it has since failed to reach the given mark.
This diminishing trading range might suggest that the market sentiment has altered to a more bullish one, thus resulting in a possible breakout north. This assumption is supported by the fact that the second bottom confirmation which was reached on September 8 was the lowest level since early 2015.
It might be possible that the Greenback edges lower in this trading session until the upward trend-line circa 6.22 is reached. However, it still faces the weekly PP and the 200– and 100-hour SMAs along the way that could stop the pair from reaching this line. By and large, the subsequent movement is expected to be northward.