| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Sell | Sell | Buy |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Sell | Buy | Buy |
| Alligator(13;8;5) | Sell | Sell | Buy |
| SAR(0.02;0.2) | Buy | Sell | Sell |
| Aggregate | ⇘ | ⇘ | ⇗ |
The US Dollar has been depreciating against the Swedish Krona within a falling wedge pattern since the beginning of April. The USD/SEK currency pair has already declined below 9.8000.
From a theoretical perspective, it is likely that the pair could continue to trade within the given pattern until the middle of June. Then, a breakout north is expected to occur, and the pair could target the psychological level at 10.50.
Meanwhile, note that the exchange rate is pressured by the 55-, 100– and 200-period moving averages (4H time-frame chart). Thus, a breakout south from the pattern could occur, and the pair could continue to decline.