Turn around coming up
NOK has fallen significantly over the last few weeks. This being said it seems that we have come to the end of wave 5. Now we face the obvious question of how much farther will we fall. I believe we are near the end of our regression. We have already seen regression wave A and B, and while we are currently engaged in regression wave C and given we are near a long term trend-line, and 38.2 % regression I think we will see a turn around in the coming 1-2 weeks.
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