| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Sell | Sell | Buy |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Neutral | Neutral |
| Alligator(13;8;5) | Sell | Sell | Buy |
| SAR(0.02;0.2) | Sell | Sell | Sell |
| Aggregate | ⇘ | ⇘ | ⇒ |
The EUR/CZK exchange rate has been trading within an ascending channel since the beginning of June.
From a theoretical perspective, it is likely that the currency pair could continue to trade within the given channel in the nearest future. Note that the pair could face the resistance level—the monthly R1 at 26.98.
If the predetermined resistance holds, it is likely that a reversal south could occur. In this case the exchange rate could gain support from the Fibos 50.00% and 61.80%, located at 26.33 and 25.96 respectively.