| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Buy | Buy | Buy |
| RSI(14) | Sell | Sell | Neutral |
| Stochastic(5;3;3) | Neutral | Sell | Sell |
| Alligator(13;8;5) | Buy | Buy | Buy |
| SAR(0.02;0.2) | Buy | Buy | Buy |
| Aggregate | ⇗ | ⇒ | ⇗ |
The US Dollar has been appreciating against the Danish Krone since the beginning of January. This movement has been bounded within the ascending channel.
Currently, the USD/DKK currency pair is trading near the upper channel line at 6.8300. Note that the pair is supported by the 55-hour moving average, currently located near 6.8130. Thus, a breakout north could occur, and the pair could target the 6.8600 level.
It is unlikely that bears could prevail in the market, and the exchange rate could decline below the Fibonacci 23.60% retracement at 6.7364.