| 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 | Buy | Buy |
| SAR(0.02;0.2) | Buy | Sell | Buy |
| Aggregate | ⇗ | ⇒ | ⇗ |
The USD/SEK currency pair has been consolidating within an ascending triangle pattern since the beginning of April.
Given that the exchange rate is supported by the 55-, 100– and 200-hour SMAs in the 10.00 area, it is likely that a breakout north from the given pattern could occur in the nearest future. In this case the rate could reach the monthly R1 at 10.50.
It is unlikely that bears could prevail in the market, and the currency pair could decline below the monthly S1 located at the 9.3199 mark.