| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Sell | Sell | Sell |
| RSI(14) | Neutral | Buy | Buy |
| Stochastic(5;3;3) | Neutral | Neutral | Buy |
| Alligator(13;8;5) | Sell | Sell | Sell |
| SAR(0.02;0.2) | Sell | Buy | Sell |
| Aggregate | ⇘ | ⇒ | ⇒ |
Since the end of October, the USD/DKK currency pair has been trading within a rising wedge pattern.
It is likely that the exchange rate could decline within the predetermined pattern until the end of 2020. Then, a breakout north could follow and the rate could target the Fibo 61.80% at 6.3495.
Meanwhile, note that the currency pair is pressured by the 55-, 100– and 200-period moving averages in the 6.1450/6.2570 range. Thus, some downside potential could continue to prevail in the market.