| Indicator | 4H | 1D | 1W |
| MACD (12; 26; 9) | Buy | Sell | Buy |
| RSI (14) | Neutral | Neutral | Neutral |
| Stochastic (5; 3) | Sell | Sell | Sell |
| Alligator (13; 8; 5) | Buy | Sell | Neutral |
| SAR (0.02; 0.2) | Buy | Buy | Buy |
| Aggregate | ⇗ | ⇘ | ⇒ |
The US Dollar began to appreciate against the Norwegian Krona in the second half of May, when the pair encountered the lower trend line of a rather week long term descending channel. The trend line is also supported by the 61.80% Fibonacci retracement level at 8.3340. The retracement levels for this pair are measured by connecting the 2016 high and low levels. The interesting part regarding the retracements is that they are relevant even if measured both ways. As a result of the rebound an ascending channel has been formed, which will head to the upper trend line of the long term channel.