| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Sell | Sell | Buy |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Buy | Neutral |
| Alligator(13;8;5) | Sell | Sell | Buy |
| SAR(0.02;0.2) | Sell | Buy | Sell |
| Aggregate | ⇘ | ⇒ | ⇒ |
The EUR/DKK exchange rate has been consolidating in the 7.4730 area since the middle of January.
Note that the currency pair is pressured by the 55-, 100– and 200-hour moving averages, currently located in the 7.4725 area. Thus, some downside potential could prevail in the market. In this case the pair could gain support of the monthly S1 at 7.4712.
However, if the rate fails to surpass the psychological level at 7.4720, it is likely that consolidation could be maintained in the medium term. It is unlikely that bulls could prevail in the market, and the rate could exceed the monthly R2 at 7.4764.