| Indicator | 4H | 1D | 1W |
| MACD (12; 26; 9) | Buy | Buy | Buy |
| RSI (14) | Neutral | Neutral | Neutral |
| Stochastic (5; 3) | Neutral | Neutral | Neutral |
| Alligator (13; 8; 5) | Buy | Buy | Buy |
| SAR (0.02; 0.2) | Sell | Buy | Buy |
| Aggregate | ⇒ | ⇗ | ⇒ |
USD/NOK is trading in a long-term ascending channel. The rate bounced off its upper boundary at 8.33—its highest position in 2018 - late in May.
Subsequently, the US Dollar initiated a new wave down towards the other senior channel line located circa 7.90. This bearish movement was stopped by the monthly S1, the 50.00% Fibonacci retracement and the 55– and 200-day SMAs at the 8.00 mark. This resulted in a reversal back to the upside.
It seems that the pair might be ready to breach the short-term ascending channel to the downside, thus resuming its decline until the bottom channel line in the 8.00/05 range is reached somewhere in July. A possible confirmation of this bearish scenario should be provided by the US Dollar breaching the combined support of the 55-, 100– and 200-period (4H) SMAs at 8.10.