Indicator | 4H | 1D | 1W |
MACD (12; 26; 9) | Sell | Buy | Buy |
RSI (14) | Neutral | Neutral | Neutral |
Stochastic (5; 3) | Neutral | Neutral | Neutral |
Alligator (13; 8; 5) | Sell | Neutral | Buy |
SAR (0.02; 0.2) | Sell | Sell | Buy |
Aggregate | ⇘ | ⇒ | ⇗ |
After breaking the lower trend line of the previously active dominant pattern, the USD/DKK currency exchange rate has been declining in a medium scale descending channel.
Recently the pair bounced off the resistance of the PP at 6.38 and began a decline, which has resulted in the booking of a new low level for the USD/DKK pair.
The rate is most likely going to continue in this way until it reaches the lower trend line of another long term descending pattern just below the 6.34 mark.