| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Buy | Sell | Buy |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Neutral | Neutral |
| Alligator(13;8;5) | Neutral | Neutral | Buy |
| SAR(0.02;0.2) | Sell | Buy | Sell |
| Aggregate | ⇒ | ⇒ | ⇒ |
The USD/NOK currency pair reversed north from the lower boundary of the long-term ascending channel located circa 8.4650 at the end of March.
As apparent on the chart, the pair is testing the resistance level formed by a combination of the 55– and 100-hour SMAs, as well the weekly and monthly PP located circa 8.6160. From a technical perspective it is likely, that the exchange rate breaches the given resistance and continues to increase, as the rate is being supported by the 8.5692 mark. Potential upside target is the psychological level at 8.8000.
Otherwise, it is likely that the pair reverses north to re-test the lower channel line.