| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Sell | Buy | Buy |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Neutral | Neutral |
| Alligator(13;8;5) | Sell | Buy | Buy |
| SAR(0.02;0.2) | Sell | Buy | Buy |
| Aggregate | ⇘ | ⇗ | ⇗ |
The EUR/CZK exchange rate has been trading within a rising wedge pattern since the middle of April.
From a theoretical point of view, it is likely that the currency pair could continue to trade upwards within the given pattern until the beginning of June. Then, a breakout south could follow.
Meanwhile, note that the exchange rate is pressured by the 55-, 100– and 200-hour SMAs. Thus, a breakout south could occur sooner. In this case the rate could gain support from the monthly S1 at 26.63.