| Indicator | 1D | 1W | 1MN |
| MACD (12; 26; 9) | Buy | Sell | Sell |
| RSI (14) | Neutral | Neutral | Neutral |
| Stochastic (5; 3) | Neutral | Neutral | Neutral |
| Alligator (13; 8; 5) | Buy | Sell | Sell |
| SAR (0.02; 0.2) | Buy | Buy | Sell |
| Aggregate | ⇗ | ⇒ | ⇘ |
The US Dollar has been trading in a long-term descending channel against the Danish Krone in force since late 2016. The pair's neat movement in this channel was disrupted in January when a reversal to the upside occurred without the pair reaching its bottom boundary.
The Greenback has since been moving in a slight up-trend, but it has nevertheless failed to overcome the 6.1150 mark. As a result, an ascending triangle was formed.
If looking at the pair's movement during the past few weeks, the Greenback has reversed from the trend-line, breached the senior channel and has been gradually moving towards its four-month high of 6.1150. It is likely that the current bullish momentum prevails during the following weeks and pushes the rate for new highs. A possible target for the following week or two could be the 6.15/20 area.