USD/DKK 1H Chart: Situation reviewed

Note: This section contains information in English only.
Source: Dukascopy Bank SA

Indicator 4H 1D 1W
MACD (12; 26; 9) Buy Buy Buy
RSI (14) Neutral Neutral Neutral
Stochastic (5; 3) Neutral Sell Neutral
Alligator (13; 8; 5) Buy Buy Buy
SAR (0.02; 0.2) Buy Buy Buy
Aggregate

As the US Dollar finally found support against the Danish Krona after reaching its target on Monday, a new pattern was spotted. 

Namely, the junior pattern was charted on Wednesday. The pair is trading in a junior ascending pattern, which is aimed at the upper trend line of the dominant descending channel. 

In general, the rate is set to face the resistance of the 200-hour SMA at 6.3768 and a pivot point at 6.38 before it surges up to the dominant pattern's resistance near the 6.3950 mark.

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