| | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Buy | Sell | Sell |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Neutral | Neutral |
| Alligator(13;8;5) | Buy | Sell | Sell |
| SAR(0.02;0.2) | Buy | Sell | Sell |
| Aggregate | ⇗ | ⇘ | ⇘ |
Since the beginning of January, the USD/NOK exchange rate has been trading upwards within an ascending channel.
From a theoretical perspective, it is likely that the currency pair could continue to appreciate within the predetermined channel in the medium term. In this case the pair could reach the psychological level at 8.7000 by the beginning of March.
Meanwhile, note that the exchange rate is supported by the 55-, 100– and 200-period moving averages in the 8.5000/8.5840 range. Thus, a breakout north could occur, and the rate could target the Fibo 61.80% at 9.3038.