| 4H | 1D | 1W | |
|---|---|---|---|
| MACD(12;26;9) | Sell | Sell | Sell |
| RSI(14) | Buy | Neutral | Neutral |
| Stochastic(5;3;3) | Buy | Buy | Neutral |
| Alligator(13;8;5) | Sell | Sell | Sell |
| SAR(0.02;0.2) | Sell | Buy | Sell |
| Aggregate | ⇒ | ⇒ | ⇘ |
The USD/SEK exchange rate has revealed a falling wedge pattern.
From a theoretical perspective, it is likely that the currency pair could continue to trade within the given pattern in the medium term. In this case the pair could decline below 8.5000 by the end of December.
In the meantime, note that the exchange rate is pressured by the 55-, 100– and 200-period moving averages in the 8.6190/8.7400 range. Thus, a breakout south could occur in the nearest future.