| 4H | 1D | 1W | |
|---|---|---|---|
| MACD(12;26;9) | Buy | Sell | Sell |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Sell | Neutral | Buy |
| Alligator(13;8;5) | Buy | Sell | Sell |
| SAR(0.02;0.2) | Sell | Buy | Sell |
| Aggregate | ⇒ | ⇒ | ⇘ |
Since the beginning of November, the USD/NOK exchange rate has been trading downwards within a descending channel.
From a theoretical perspective, it is likely that the currency pair could continue to move within the predetermined channel in the medium term.
In the meantime, note that the exchange rate is pressured by the 55-, 100– and 200-period moving averages in the 8.7000/8.8810 range. Thus, a breakout south could occur.