| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Buy | Buy | Sell |
| RSI(14) | Sell | Neutral | Buy |
| Stochastic(5;3;3) | Sell | Sell | Neutral |
| Alligator(13;8;5) | Buy | Neutral | Sell |
| SAR(0.02;0.2) | Buy | Buy | Sell |
| Aggregate | ⇒ | ⇒ | ⇘ |
The USD/DKK currency pair has been trading upwards within a rising wedge pattern since the end of August.
From a theoretical point of view, it is likely that the exchange rate could continue to extend gains within the given pattern until the middle of October. Then, a breakout south could occur.
In the meantime, note that the currency pair is supported by the 55-, 100– and 200-period SMAs near 6.2950. Thus, the pair could breach the given pattern north and target the Fibo 50.00% at 6.4737.