| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Buy | Buy | Sell |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Neutral | Neutral |
| Alligator(13;8;5) | Buy | Buy | Sell |
| SAR(0.02;0.2) | Sell | Buy | Sell |
| Aggregate | ⇒ | ⇗ | ⇘ |
The US Dollar has been appreciating against the Swedish Krona since the beginning of January. This movement has been bounded within the rising wedge pattern.
From a theoretical point of view, it is likely that a breakout south could occur in the nearest future. In this case the USD/SEK exchange rate could target the psychological level at 9.3000.
However, note that the currency pair is supported by the 100– and 200-hour moving averages. Thus, some upside potential could continue to prevail in the market. In this case the pair could raise to the monthly R2 located at the 9.7105 mark.