| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Buy | Sell | Sell |
| RSI(14) | Sell | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Sell | Neutral |
| Alligator(13;8;5) | Buy | Neutral | Sell |
| SAR(0.02;0.2) | Buy | Buy | Buy |
| Aggregate | ⇗ | ⇒ | ⇒ |
Since the end of September, the USD/SEK currency pair has been trading downwards within a descending channel.
From a theoretical point of view, it is likely that the exchange rate could continue to decline within the predetermined channel in the medium term. In this case the rate could decline below 8.7000 by the middle of November.
Meanwhile, note that the currency pair could gain support from the 55-, 100– and 200-period moving averages in the 8.7890/8.8685 area. Thus, a breakout north could occur, and the pair could target the Fibo 50.00% at 9.1473.