| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Buy | Buy | Buy |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Neutral | Neutral |
| Alligator(13;8;5) | Buy | Neutral | Buy |
| SAR(0.02;0.2) | Buy | Buy | Buy |
| Aggregate | ⇗ | ⇗ | ⇗ |
The USD/NOK exchange rate has been consolidating within a ascending triangle pattern since the beginning of April.
On the one hand, it is likely that the currency pair could gain support from the 55-, 100– and 200-hour SMAs, currently located in the 10.40 area, and breach the given pattern north in the nearest future. In this case the pair could re-test the psychological level at 12.00.
However, if the upper pattern line holds, it is likely that a breakout south could occur within the following trading sessions. Note that the exchange rate could gain support from the monthly S1 at 9.0341.