| Indicator | 4H | 1D | 1W |
| MACD (12; 26; 9) | Sell | Buy | Buy |
| RSI (14) | Neutral | Neutral | Sell |
| Stochastic (5; 3) | Sell | Sell | Sell |
| Alligator (13; 8; 5) | Sell | Buy | Buy |
| SAR (0.02; 0.2) | Sell | Buy | Buy |
| Aggregate | ⇓ | ⇗ | ⇒ |
The common European currency recently met with the resistance of a dominant pattern against the Norwegian Krona. The rate has clearly bounced off the resistance. However, that does not mean that a decline is going to occur.
The decline of the rate has been stopped by the support of the 55-hour SMA. Moreover, the just mentioned SMA at the 9.8680 level is being strengthened by the additional support of the 100-hour SMA near 9.8450.
The SMAs are likely going to push the rate into the resistance of the weekly PP, and only afterwards the decline would continue.