| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Sell | Buy | Buy |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Buy | Neutral |
| Alligator(13;8;5) | Sell | Neutral | Buy |
| SAR(0.02;0.2) | Sell | Sell | Buy |
| Aggregate | ⇘ | ⇒ | ⇗ |
The USD/DKK currency pair has been trading within the ascending channel since the beginning of January.
Currently, the exchange rate is testing the lower channel boundary at 6.5700. From a theoretical perspective, it is expected that the rate reverses north in the nearest future and targets the upper channel line located in the 6.7000/6.7200 range.
However, if given channel does not hold, it is likelt that a breakout north occurs within the following session, as the rate is being pressured by the 55– and 100-hour SMAs. A possible downside target is the psychological level at 6.5400.