| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Buy | Buy | Buy |
| RSI(14) | Neutral | Sell | Sell |
| Stochastic(5;3;3) | Neutral | Neutral | Neutral |
| Alligator(13;8;5) | Buy | Buy | Buy |
| SAR(0.02;0.2) | Buy | Buy | Buy |
| Aggregate | ⇗ | ⇗ | ⇗ |
During the first half of March, the USD/NOK exchange rate extended gain significantly and reached the 12.00 level. Currently, the rate is trading in the 11.00 area. From the one hand, the currency pair could gain support from the 55– and 100-hour SMAs in the 10.80 area and continue to go upwards. On the other hand, note that the exchange rate is located significantly above the 55-, 100– and 200-day SMAs on the 1D time-frame chart. This could signal that the rate is overbought, thus, a reversal south could occur. Important level to look out for is a local support level at 8.8000.