| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Sell | Buy | Buy |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Neutral | Sell |
| Alligator(13;8;5) | Sell | Buy | Buy |
| SAR(0.02;0.2) | Buy | Sell | Buy |
| Aggregate | ⇒ | ⇒ | ⇗ |
[ANNOUNCE] The EUR/NOK currency pair has been trading upwards within a rising wedge pattern since the beginning of August. [/ANNOUNCE]
From a theoretical point of view, it is likely that the exchange rate could trade upwards within the predetermined pattern until the end of current month. Then, a breakout south could follow.
Meanwhile, note that the currency pair is pressured by the 55-period SMA near 11.00. Thus, a breakout south could occur in the nearest future, and the pair could target the Fibo 61.80% at 10.40.