| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Sell | Sell | Sell |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Sell | Neutral | Neutral |
| Alligator(13;8;5) | Sell | Sell | Sell |
| SAR(0.02;0.2) | Sell | Sell | Sell |
| Aggregate | ⇓ | ⇘ | ⇘ |
The USD/DKK currency pair has been trading upwards gradually since the beginning of June. Note that the pair is guided by an ascending trend line.
From a theoretical point of view, it is likely that bulls could continue to prevail in the market in the medium term. In this case note that the exchange rate could face the resistance formed by the Fibo 23.60% as well the monthly PP at 6.7515.
Meanwhile, note that the currency pair could be pushed down by the 200-period SMA (4H time-frame chart) near 6.6700. Note that the pair could gain support from the Fibos 50.00% and 61.80%, located at 6.4737 and 6.3495 respectively.