| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Sell | Sell | Sell |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Neutral | Neutral |
| Alligator(13;8;5) | Neutral | Sell | Sell |
| SAR(0.02;0.2) | Sell | Sell | Buy |
| Aggregate | ⇘ | ⇘ | ⇒ |
Since the end of September, the USD/DKK currency pair has been trading downwards within a descending channel.
From a theoretical point of view, it is likely that the exchange rate could target the upper channel line located circa 6.4000 in the short term. If the given channel holds, the rate could reverse south.
Meanwhile, note that the currency pair is pressured by the 55-, 100– and 200-period moving averages near 6.3230. Thus, a breakout south could occur, and the pair could target the 6.0000 mark.