| 4H | 1D | 1W | |
|---|---|---|---|
| MACD(12;26;9) | Sell | Buy | Sell |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Buy | Neutral |
| Alligator(13;8;5) | Sell | Buy | Sell |
| SAR(0.02;0.2) | Buy | Sell | Buy |
| Aggregate | ⇒ | ⇗ | ⇒ |
The USD/NOK exchange rate has been trading upwards within a rising wedge pattern since the end of August.
From a theoretical perspective, it is likely that the currency pair could continue to extend gains within the given pattern until the end of current month. Then, the pair could breach south.
Meanwhile, note that the exchange rate could gain support from the 100-period moving average near 9.25. Thus, a breakout north could occur, and the rate could target the Fibo 38.20% at 10.33.