| 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) | Buy | Sell | Sell |
| Aggregate | ⇒ | ⇘ | ⇒ |
The USD/SEK exchange rate has been trading downwards since the beginning of July.
It is likely that some downside potential could continue to prevail in the market, as the currency pair is pressured by the 55-, 100– and 200-hour moving averages. In this case the pair could target the psychological level at 7.8300.
Meanwhile, it is unlikely that bulls could prevail in the market, and the exchange rate could exceed the monthly PP at 8.9359 in the nearest future.