| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Buy | Buy | Buy |
| RSI(14) | Neutral | Sell | Neutral |
| Stochastic(5;3;3) | Neutral | Sell | Sell |
| Alligator(13;8;5) | Buy | Buy | Buy |
| SAR(0.02;0.2) | Sell | Buy | Buy |
| Aggregate | ⇒ | ⇒ | ⇗ |
The USD/SEK currency pair continued to trade within the rising wedge pattern (4H time-frame chart). As apparent on the chart, the pair has already exceeded the 9.6900 level.
From the theoretical perspective, it is likely that the exchange rate could continue to trade upwards within the given pattern until the middle of March. Then, a breakout south could occur.
However, note that the currency pair is pressured by the 55-hour moving average neat 9.8000. Thus, a breakout south could occur in the nearest future. In this case the pair could gain support of the monthly PP at 9.5469.