| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Buy | Sell | Sell |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Sell | Neutral | Neutral |
| Alligator(13;8;5) | Buy | Sell | Sell |
| SAR(0.02;0.2) | Sell | Sell | Sell |
| Aggregate | ⇒ | ⇘ | ⇘ |
Since the end of November, the EUR/NOK currency pair has been declining within a descending channel.
From a theoretical point of view, it is likely that the exchange rate could continue to trade downwards within the predetermined channel.
In the meantime, note that the rate is pressured by the 55-, 100– and 200-preiod moving averages in the 10.60 area. Thus, a breakout south could occur, and the pair could decline below 10.40 level.