EURNOK - To valhalla!First things first: all hail the vikings!
Why I like this trade:
- NOK with the MUCH better fundamentals
- NOK clearly undervalued on a longterm timeframe
- Norges Bank quite dovish in their last meeting but could get hawkish again in march as
-> inflation has massively surprised to the upside
- inflation expectations on thursday will be key for NB
- NB could reduce NOK selling
- oil and nat gas with upward potential
- EUR optimism is overpriced
EURNOK
Short EURNOK - the vikings will win!First things first: all hail valhalla!
Why I like this trade:
- NOK with the MUCH better fundamentals
- NOK clearly undervalued on a longterm timeframe
- Norges Bank quite dovish in their last meeting but could get hawkish again in march as
-> inflation has massively surprised to the upside
- inflation expectations on thursday will be key for NB
- NB could reduce NOK selling
- oil and nat gas with upward potential
- EUR optimism is overpriced
EURNOK short the double top EURNOK has formed a nice double top close to the 38.2% fib. Unfortunately I missed the entry to go short, I will try to get into the trade once price retraces to the upside. The target of the short would be another touch of the bottom trendline. We also have a slight bearish convergence on MACD.
EURO Strength on ECB Rate Hike Bets The EURO is set to potentially strengthen as investors start pricing in four interest rate hikes by the European Central Bank over the next 9 months.
Friday's Inflation data will be closely watched by the markets, as any beat above forecasts will put pressure on the European central bank to react.
If ECB policy makers start coming out and hinting Rate Hikes are coming, expect the EURO to strengthen.
EUR/JPY would be the most optimal trade on the divergence of monetary policy.
Short Vision on EUR NOK for 18/02/2022Hello Dear Traders,
You find below my analysis for EUR/NOK, the currency pair is in the sell zone. I expect the price to fall. According to my set of rules, in the M30 frame EUR/NOK will fall to 10.09 as I am showing in my chart. Our Daily Goal is 10.07.
Currently, EUR/NOK is moving towards the resistance level 10.165,where there is some liquidity from this value we are looking for short-term selling opportunities of EUR/NOK.
Good Luck and enjoy your Bearish Market for today.
Entry:@10.165
TP1: @10.13
TP2: @10.11
TP3: @10.09
SL: @10.21
As mentioned on previous posting, we oscillate daily with the market based on Human Behavior and Sentiment.
Feel free to share your thoughts and opinions in the comment section below, I will be glad to discuss my friends
EURNOK Will Go Higher From Support! Buy!
Hello,Friends!
We can see that EURNOK is about to go up
Based on the current price action
Overall the market sentiment is bullish right now
And I can see smart money entering longs
So we will buy too!
Like and subscribe and comment my ideas if you enjoy them!