| Level | Rationale | Indicator | 4H | 1D | 1W | |||
| R4 | 9.8691 | Monthly R3 | MACD (12; 26; 9) | Buy | Buy | Buy | ||
| R3 | 9.7699 | Monthly R2 | RSI (14) | Neutral | Neutral | Neutral | ||
| R2 | 9.7094 | Monthly R1; Wedge Upper trend-line | Stochastic (5; 3; 3) | Sell | Sell | Sell | ||
| R1 | 9.6961 | Upper Bollinger Band | ADX (14) | Neutral | Neutral | Neutral | ||
| S1 | 9.6275 | 20-hour EMA | CCI (14) | Neutral | Neutral | Sell | ||
| S2 | 9.6102 | Monthly Pivot Point; 200-hour SMA | AROON (14) | Buy | Buy | Buy | ||
| S3 | 9.5897 | Wedge Bottom trend-line | Alligator (13; 8; 5) | Buy | Buy | Buy | ||
| S4 | 9.5737 | 55-hour SMA | SAR (0.02; 0.2) | Sell | Buy | Buy | ||
| Aggregate | → | ↘ | ↘ |
Note: This section contains information in English only.
The Swedish Krona appears to be attempting to reverse the trend in its favour on the daily time-frame, at first in the form of an unconfirmed head and shoulders that failed on the second shoulder; and secondly – in the most recent rising wedge that has built up bearish potential to kick off the downfall after all. The pair has just tested the upper trend-line of the pattern and is now on its way towards the bottom one around 9.6100 which might break if tested repeatedly. The cloud bolstered by several other levels is likely to catch the fall around 6.5757.
Mon, 08 May 2017 09:03:22 GMT
Source: Dukascopy Bank SA