| 4H | 1D | 1W | |
|---|---|---|---|
| MACD(12;26;9) | Buy | Buy | Buy |
| RSI(14) | Neutral | Sell | Neutral |
| Stochastic(5;3;3) | Neutral | Neutral | Sell |
| Alligator(13;8;5) | Buy | Buy | Buy |
| SAR(0.02;0.2) | Buy | Buy | Buy |
| Aggregate | ⇗ | ⇗ | ⇗ |
Since the beginning of September, the EUR/CZK exchange rate has been extending gains, guided by an ascending trend line.
Given that the currency pair is supported by the 55-, 100– and 200-period moving averages in the 20.40/26.90 area, it is likely that some upside potential could prevail in the market in the nearest future.
In the meantime, note that the exchange rate would have to exceed the fibo 23.60% at 27.24. If the given resistance level holds, it is likely that a reversal south could occur, and the rate could target the Fibo 61.80% at 26.00.