Indicator | 4H | 1D | 1W |
MACD (12; 26; 9) | Buy | Buy | Buy |
RSI (14) | Neutral | Neutral | Neutral |
Stochastic (5; 3) | Neutral | Neutral | Neutral |
Alligator (13; 8; 5) | Neutral | Buy | Buy |
SAR (0.02; 0.2) | Sell | Buy | Buy |
Aggregate | ⇒ | ⇗ | ⇗ |
The US Dollar has been depreciating against the Danish Krone since the currency pair reversed from the upper boundary of the long-term ascending channel at 6.6524. This movement has been bounded in the short-term descending channel.
From a theoretical point of view, the general direction is expected to remain south as the exchange rate targets the lower boundary of the senior channel located circa 6.4400.
However, technical indicators suggest that this decline might not immediate and some advance might occur in the nearest future. In this case, the US Dollar should not exceed the weekly R3 at 6.6531.