| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Sell | Sell | Sell |
| RSI(14) | Neutral | Buy | Neutral |
| Stochastic(5;3;3) | Neutral | Neutral | Buy |
| Alligator(13;8;5) | Sell | Sell | Sell |
| SAR(0.02;0.2) | Sell | Sell | Sell |
| Aggregate | ⇘ | ⇘ | ⇘ |
The USD/NOK exchange rate has been trading donwards within a descending channel since the end of July.
From a theoretical perspective, it is likely that some downside potential could prevail in the market, and the currency pair could trade downwards within the given channel in the nearest future. In this case the rate could gain support at the psychological level at 8.8000.
In the meantime, it is unlikely that some upside potential could prevail in the market, as the exchange rate is pressured by the 55-, 100– and 200-period SMAs.