| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Buy | Buy | Sell |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Buy | Neutral | Neutral |
| Alligator(13;8;5) | Neutral | Buy | Sell |
| SAR(0.02;0.2) | Sell | Buy | Sell |
| Aggregate | ⇒ | ⇗ | ⇘ |
The Euro has been appreciating against the Swedish Krona within the ascending channel since the end of December. As apparent on the chart, the EUR/SEK currency pair has already surpassed the 10.54 mark.
Note that the exchange rate is pressured by the 55-, 100– and 200-hour moving averages, currently located circa 10.55. Thus, it is likely that some downside potential could prevail in the market. In this case the rate could gain support of the Fibo 23.60% at 10.47.
However, if the given channel holds, it is likely that some upside potential could continue to prevail in the market in the medium term. Note that the currency pair would have to surpass the monthly R1 at 10.60.