| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Buy | Sell | Sell |
| RSI(14) | Neutral | Neutral | Buy |
| Stochastic(5;3;3) | Neutral | Neutral | Buy |
| Alligator(13;8;5) | Buy | Sell | Sell |
| SAR(0.02;0.2) | Sell | Sell | Sell |
| Aggregate | ⇒ | ⇘ | ⇒ |
The USD/DKK currency pair has been trading downwards within a descending channel since the end of July.
From a theoretical point of view, it is likely that the exchange rate could continue to trade within the given channel in the medium term.
In the meantime, note that the rate is pressured by the 200-period SMA near 6.3785. Thus, it is likely that a breakout south could occur within the following trading sessions.
Also, it is unlikely that bulls could prevail in the market, and the currency pair could exceed the Fibo 50.00% at 6.4737.