| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Buy | Sell | Sell |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Neutral | Buy |
| Alligator(13;8;5) | Buy | Sell | Sell |
| SAR(0.02;0.2) | Buy | Buy | Sell |
| Aggregate | ⇗ | ⇒ | ⇘ |
Since the beginning of November, the EUR/NOK currency pair has been trading downwards within a descending channel.
From a theoretical point of view, it is likely that the exchange rate could continue to decline within the predetermined channel in the medium term. The rate could reach the psychological level at 10.00 by the beginning of March.
In the meantime, note that the currency pair could gain support from the 55– and 100-period moving averages near 10.35. Thus, a breakout north could occur, and the pair could reach the Fibo 50.00% at 10.90.
| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Buy | Sell | Sell |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Neutral | Buy |
| Alligator(13;8;5) | Buy | Sell | Sell |
| SAR(0.02;0.2) | Buy | Buy | Sell |
| Aggregate | ⇗ | ⇒ | ⇘ |
Since the beginning of November, the EUR/NOK currency pair has been trading downwards within a descending channel.
From a theoretical point of view, it is likely that the exchange rate could continue to decline within the predetermined channel in the medium term. The rate could reach the psychological level at 10.00 by the beginning of March.
In the meantime, note that the currency pair could gain support from the 55– and 100-period moving averages near 10.35. Thus, a breakout north could occur, and the pair could reach the Fibo 50.00% at 10.90.