| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Buy | Sell | Sell |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Neutral | Buy |
| Alligator(13;8;5) | Buy | Sell | Neutral |
| SAR(0.02;0.2) | Buy | Sell | Sell |
| Aggregate | ⇗ | ⇘ | ⇒ |
The US Dollar has been depreciating against the Swedish Krone since the beginning of November. This movement has been bounded within the falling wedge pattern.
From a theoretical perspective, it is likely that a breakout north could occur within the following trading sessions. In this case, the USD/SEK currency pair could jump to the monthly PP located at the 9.6313.
On the other hand, note that the exchange rate is pressured by the 200-hour SMA, currently located at 9.4217. Thus, if the given resistance holds, the rate could continue to decline within the given pattern until the beginning of 2020.