| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Buy | Buy | Buy |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Neutral | Neutral |
| Alligator(13;8;5) | Buy | Neutral | Buy |
| SAR(0.02;0.2) | Buy | Sell | Buy |
| Aggregate | ⇗ | ⇒ | ⇗ |
The EUR/SEK currency pair has been trading within a falling wedge pattern since the beginning of April.
From a theoretical point of view, it is likely that the exchange rate could trade downwards within the given pattern until the beginning of May. Then, a breakout north could occur.
On the other hand, the currency pair could gain support from the 55-, 100– and 200-hour SMAs in the 10.90 area. Thus, the expected breakout north could occur sooner. In this case the pair could re-test the monthly R1 at 11.40.