Indicator | 4H | 1D | 1W |
MACD(12;26;9) | Buy | Buy | Buy |
RSI(14) | Neutral | Sell | Neutral |
Stochastic(5;3;3) | Neutral | Neutral | Sell |
Alligator(13;8;5) | Neutral | Buy | Buy |
SAR(0.02;0.2) | Sell | Buy | Buy |
Aggregate | ⇒ | ⇗ | ⇗ |
The EUR/SEK exchange rate reached the upper boundary of the long-term descending channel at 10.52 at the beginning of February.
As apparent on the chart, the currency pair has already reversed south from given boundary. It is expected that the pair goes downwards to the lower channel line located in the 10.05/10.10 range. However, the rate has to surpass the support level formed by the Fibonacci 50.00% retracement at 10.22.
If the support formed by the 100-period SMA (4H) holds, it is likely that the pair re-tests the upper channel line.