| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Buy | Buy | Buy |
| RSI(14) | Neutral | Sell | Sell |
| Stochastic(5;3;3) | Neutral | Sell | Sell |
| Alligator(13;8;5) | Buy | Buy | Buy |
| SAR(0.02;0.2) | Sell | Buy | Buy |
| Aggregate | ⇒ | ⇒ | ⇒ |
The US Dollar has been appreciating against the Swedish Krona since the end of April when the currency pair reversed north from the Fibonacci 0.00% retracement at 9.2487.
Currently, the pair is testing the monthly R1 at the 9.6448 mark. Given that the exchange rate is supported by the 55-, 100– and 200-hour SMAs, currently located in the 9.5698/9.6242 range, it is expected, that bulls could prevail in the market. A possible upside target is the upper boundary of the long-term ascending channel located in the 9.9000/9.9500 range.
However, if the given resistance holds, it is likely, that the pair could trade sideways in the short run.