| 4H | 1D | 1W | |
|---|---|---|---|
| MACD(12;26;9) | Buy | Sell | Sell |
| RSI(14) | Neutral | Neutral | Buy |
| Stochastic(5;3;3) | Neutral | Neutral | Neutral |
| Alligator(13;8;5) | Buy | Sell | Sell |
| SAR(0.02;0.2) | Sell | Buy | Sell |
| Aggregate | ⇒ | ⇒ | ⇘ |
The USD/NOK exchange rate has been trading downwards within a descending channel since the end of August.
From a theoretical perspective, it is likely that some downside potential could prevail in the market, and the currency pair could continue to trade within the given channel.
Meanwhile, it is unlikely that bulls could prevail in the market, and the exchange rate could exceed the Fibo 61.80% located at the 9.3038 mark.