| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Sell | Sell | Buy |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Neutral | Neutral |
| Alligator(13;8;5) | Neutral | Sell | Neutral |
| SAR(0.02;0.2) | Sell | Sell | Sell |
| Aggregate | ⇘ | ⇘ | ⇒ |
The EUR/NOK currency pair has been trading within an ascending channel since the beginning of July.
From a theoretical point of view, it is likely that the exchange rate could continue to trade within the given channel in the nearest future. Note that the rate could face the resistance level formed by the Fibo 50.00% at 10.90.
Also, note that the currency pair would have to surpass the resistance level formed by the monthly PP at 10.76. If the given level holds, it is likely that a reversal south could occur, and the pair could target the Fibo 61.80% at 10.40.