Indicator | 4H | 1D | 1W |
MACD (12; 26; 9) | Buy | Sell | Buy |
RSI (14) | Neutral | Neutral | Neutral |
Stochastic (5; 3) | Neutral | Neutral | Neutral |
Alligator (13; 8; 5) | Buy | Sell | Buy |
SAR (0.02; 0.2) | Buy | Sell | Buy |
Aggregate | ⇒ | ⇒ | ⇗ |
The common European currency has met with the resistance of a medium term pattern against the Danish Krona. Moreover, the resistance line is strengthened by the 100 and 200-period simple moving averages and the monthly S1.
Meanwhile, take into account that the currency exchange rate is also facing the support of the weekly PP and the 55-period SMA.
These two facts combined indicate that in the near future the pair is set to break out from this stalemate.
However, due to the existence of a medium term channel down pattern, the breaking out to the downside is more favorable.