| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Sell | Buy | Sell |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Buy | Neutral |
| Alligator(13;8;5) | Sell | Neutral | Sell |
| SAR(0.02;0.2) | Sell | Sell | Sell |
| Aggregate | ⇘ | ⇒ | ⇘ |
Since the beginning of September, the USD/DKK currency pair has been trading within a falling wedge pattern.
From a theoretical perspective, it is likely that the exchange rate could continue to decline within the predetermined pattern in the medium term. Note that the rate could gain support at the psychological level at 6.0300.
In the meantime, it is unlikely that bulls could prevail in the market, and the currency pair could exceed the resistance level—the Fibo 38.20% at 6.4063.