| 4H | 1D | 1W | |
|---|---|---|---|
| MACD(12;26;9) | Sell | Buy | Buy |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Sell | Neutral | Neutral |
| Alligator(13;8;5) | Sell | Buy | Buy |
| SAR(0.02;0.2) | Sell | Buy | Buy |
| Aggregate | ⇓ | ⇗ | ⇗ |
The EUR/CZK exchange rate has been trading upwards within a rising wedge pattern since the end of September.
From a theoretical perspective, it is likely that the currency pair could trade upwards within the given pattern within the following trading sessions. Then, a breakout south could follow.
Meanwhile, note that the exchange rate could gain support from the 55– and 100-period SMAs in the 27.20 area. Thus, some upside potential could prevail in the market, and the rate could reach the 28.00 level.