| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Buy | Buy | Buy |
| RSI(14) | Neutral | Neutral | Sell |
| Stochastic(5;3;3) | Buy | Neutral | Neutral |
| Alligator(13;8;5) | Buy | Buy | Buy |
| SAR(0.02;0.2) | Sell | Buy | Buy |
| Aggregate | ⇗ | ⇗ | ⇗ |
The EUR/DKK currency pair has been trading downwards within a descending channel since the middle of March.
From a theoretical point of view, it is likely that some downside potential could prevail in the market, and the exchange rate could continue to trade within the given channel. Note that the rate would have to surpass the monthly S1 and S2, located at 7.4609 and 7.4567 respectively.
On the other hand, note that the currency pair is pressured by the 55-, 100– and 200-hour SMAs in the 4.4700 area. Thus, a breakout south could occur in the nearest future.