| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Sell | Sell | Sell |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Neutral | Neutral |
| Alligator(13;8;5) | Sell | Sell | Sell |
| SAR(0.02;0.2) | Sell | Sell | Sell |
| Aggregate | ⇘ | ⇘ | ⇘ |
The USD/SEK exchange rate has been declining within a descending channel since the beginning of July.
From a theoretical perspective, it is likely that the currency pair could continue to tumble within the given channel in the medium term. It is likely that that the pair could decline below 9.0000 by the end of July.
Meanwhile, note that the exchange rate would have to surpass the support formed by the monthly S1 and the Fibo 50.00% at 9.1518. If the given support holds, it is likely that a reversal north could occur, and the rate target the Fibo 38.20% at 9.4643.