| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Buy | Buy | Buy |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Neutral | Neutral |
| Alligator(13;8;5) | Buy | Buy | Buy |
| SAR(0.02;0.2) | Buy | Sell | Sell |
| Aggregate | ⇗ | ⇒ | ⇒ |
The EUR/DKK exchange rate has been trading sideways between the 7.4700 and 7.4740 levels since the beginning of November.
If the given levels hold, it is likely that the European Common Currency could maintain consolidation against the Danish Krone within the following trading sessions.
However, note that the currency pair is supported by the 55-, 100– and 200-hour moving averages. Thus, the pair could extend gains in the nearest future. In this case the exchange rate could target the monthly R1 located at the 7.4776 mark.