| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Buy | Buy | Buy |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Neutral | Neutral |
| Alligator(13;8;5) | Neutral | Buy | Buy |
| SAR(0.02;0.2) | Sell | Sell | Buy |
| Aggregate | ⇒ | ⇒ | ⇗ |
The USD/DKK currency pair has been trading upwards within a rising wedge pattern since the beginning of March.
From a theoretical point of view, it is likely that the exchange rate could continue to trade upwards within the given pattern until the beginning of May. Thus, a breakout south could follow.
However, note that the currency pair would have to surpass the monthly R1 t 7.0230. Thus, a breakout south could occur sooner. In this case the pair could gain support from the Fibo 38.20% at 6.6062.