| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Sell | Sell | Buy |
| RSI(14) | Neutral | Buy | Neutral |
| Stochastic(5;3;3) | Neutral | Buy | Neutral |
| Alligator(13;8;5) | Sell | Sell | Buy |
| SAR(0.02;0.2) | Buy | Sell | Sell |
| Aggregate | ⇒ | ⇒ | ⇒ |
The USD/DKK currency pair has been trading downwards since the end of February after it failed to surpass the 6.9250 level. Currently, the pair is testing the support level—the Fibo 38.20% at 6.5468.
If the given support level holds, it is likely that a reversal north could occur in the nearest future. In this case the exchange rate could re-test the 6.9250 level.
However, note that the currency pair is pressured by the 55-, 100– and 200-hour SMAs in the 6.5675/6.6875 area. Thus, some downside potential could continue to prevail in the market.