| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Buy | Sell | Buy |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Neutral | Buy |
| Alligator(13;8;5) | Buy | Sell | Neutral |
| SAR(0.02;0.2) | Buy | Buy | Sell |
| Aggregate | ⇗ | ⇒ | ⇒ |
The EUR/NOK currency pair has been appreciating within the rising wedge pattern since the beginning of January.
From a theoretical point of view, it is likely that a breakout south could occur in the nearest future. In this case the exchange rate could tumble below the psychological level at 9.8000.
On the other hand, the currency pair could gain support of the 55-, 100– and 200-hour moving averages, currently located circa 9.8850. Thus, the pair could breach the given pattern north. In this case the pair could target the monthly R1 at 10.10.