| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Sell | Sell | Buy |
| RSI(14) | Neutral | Buy | Neutral |
| Stochastic(5;3;3) | Buy | Neutral | Buy |
| Alligator(13;8;5) | Sell | Sell | Neutral |
| SAR(0.02;0.2) | Sell | Sell | Sell |
| Aggregate | ⇘ | ⇘ | ⇒ |
The EUR/CZK exchange rate has been trading within a falling wedge pattern since the beginning of June. As apparent on the chart, the rate has pierced the lower pattern line.
If the given pattern holds, it is likely that the currency pair could continue to decline within it in the medium term.
In the meantime, note that the exchange rate is pressured by the 55-, 100– and 200-hour SMAs. Thus, it is likely that a breakout south from the pattern could occur, and the rate could decline below the 25.50 level.