| 4H | 1D | 1W | |
|---|---|---|---|
| MACD(12;26;9) | Sell | Sell | Sell |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Neutral | Neutral |
| Alligator(13;8;5) | Sell | Sell | Sell |
| SAR(0.02;0.2) | Buy | Sell | Buy |
| Aggregate | ⇒ | ⇘ | ⇒ |
Since the middle of September, the USD/NOK currency pair has been trading sideways in the 8.9800/9.6000 range.
From a theoretical point of view, it is likely that the exchange rate could continue to consolidate in the predetermined range in the medium term.
In the meantime, note that the currency pair is pressured by the 100– and 200-period moving averages in the 9.2000 area. Thus, some downside potential could prevail in the market.