| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Buy | Sell | Buy |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Buy | Neutral | Buy |
| Alligator(13;8;5) | Buy | Sell | Neutral |
| SAR(0.02;0.2) | Sell | Buy | Sell |
| Aggregate | ⇗ | ⇒ | ⇒ |
The EUR/NOK currency pair failed to exceed the monthly PP at 11.02 and continued to trade downwards.
On the one hand, it is likely that the exchange rate could gain support from the 100– and 200-hour SMAs and extend gains in the short run. In this case the rate could exceed the given resistance level and target the Fibo 38.20% at 11.40.
On the other hand, the currency pair could be pushed down by the 55-hour moving average to the monthly S3 at 9.61. Note that the pair could gain support from the Fibo 61.80%. If the given support holds, it is likely that the pair could consolidate.