| 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) | Sell | Sell | Buy |
| Aggregate | ⇘ | ⇒ | ⇗ |
The US Dollar has been appreciating against the Norwegian Krone since the end of July when the USD/NOK exchange rate reversed north from the lower boundary of the long-term ascending channel at 8.5278.
As apparent on the chart, the currency pair has already reversed south from the upper channel line at 9.0450. from a theoretical perspective, it is likely, that some downside potential could prevail in the market, as the pair should target the lower channel line. Note, that the rate could be supported by the Fibonacci 23.60% retracement at 8.7106.
It is unlikely, that bulls could prevail in the market in the nearest future, and the US Dollar could exceed the monthly R2 at 9.1291 against the Norwegian Krone.