| 4H | 1D | 1W | |
|---|---|---|---|
| MACD(12;26;9) | Sell | Sell | Sell |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Neutral | Neutral |
| Alligator(13;8;5) | Sell | Sell | Sell |
| SAR(0.02;0.2) | Sell | Sell | Buy |
| Aggregate | ⇘ | ⇘ | ⇒ |
The EUR/DKK exchange rate has been trading within a falling wedge pattern since the beginning of August.
From a theoretical point of view, it is likely that the currency pair could continue to decline within the given pattern within the following trading sessions. Then, a breakout north could follow.
In the meantime, note that the exchange rate is pressured by the 55-, 100– and 200-period SMAs circa 7.4470. Thus, it is likely that some downside potential could continue to prevail in the market.