| Indicator | 4H | 1D | 1W |
| MACD (12; 26; 9) | Sell | Buy | Sell |
| RSI (14) | Neutral | Neutral | Neutral |
| Stochastic (5; 3) | Sell | Sell | Sell |
| Alligator (13; 8; 5) | Neutral | Buy | Sell |
| SAR (0.02; 0.2) | Buy | Buy | Buy |
| Aggregate | ⇘ | ⇒ | ⇘ |
USD/SEK is trading in two ascending channels simultaneously. The senior pattern was formed late in August, while the junior one began together with the latest wave down.
The rate's movement during the past week has not actually been south, as it should have been after reaching the upper channel boundary on September 27.
Currently, the Greenback has remained near the 8.16 mark for several hours, demonstrating its inability to move higher.
Together with converging technical indicators, it might be a warning of a new down-trend. Nevertheless, the rate still needs to breach the 100-, 55– and 200-hour SMAs and the weekly PP in the 8.14/11 territory to confirm this scenario.
The downside target could be set near the bottom boundary of the senior channel circa 8.06/08.