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Eurnoklong

I get NOKed down.. but I get up again...You're never gonna keep me down, I get NOKed down, but I get up again, You're never gonna keep me down! Now that you all hopefully have the song stuck as much into your head as I have ;) we can go straight to the facts: It is true that over the past two years, the Norwegian krone has all too often been one of the big losers in the FX market. Not only has it embarrassingly been constantly beaten up against the EUR and traded at an all-time low, but it has even brought up the rear of ALL G10 currencies since November 2022. This was hardly surprising as almost all fundamental factors spoke against the NOK. However, the tide will turn dramatically in 2024, especially in the EURNOK: NOK positive: ➡️ Energy prices appear to have bottomed out and could rise again. ➡️ The oil price appears to be stabilising at the USD 60-70 mark and could rise if necessary in the event of a soft landing ➡️ January and February are seasonally positive for the NOK ➡️ Norges Bank surprised EVERYONE in December by raising interest rates again ➡️ Norges Bank enters 2024 as one of the hawkishest of the G10 central banks ➡️ A further rate hike by Norges Bank in early 2024 cannot be ruled out ➡️ It would raise interest rates while virtually all other central banks would be in rate-cutting mode ➡️ Norges Bank will drastically reduce its NOK purchases from January (as previously announced by me in the NOKSEK Tradeidee) , see here: My CHFNOK Short should also be a sure winner in 2024:
Short
by PrimeTrading
EURNOK LONG - Buy Entry - H4 ChartEURNOK LONG - Buy Entry - H4 Chart Buy @ Market Symbol: EURNOK Timeframe: H4 Type: BUY Entry Price: Buy @ Market Pivot Point Yearly @ 10.11400 Resistance @ 10.03155 Resistance @ 9.82763 Support @ 9.62460 Support @ 9.47920 ✅ If you liked this analysis, please consider Following and giving it a Thumbs Up 👍 ✅ If you have any feedback or questions, please leave a comment below as I answer each comment 💬 ✅ Wishing you enjoyable successful trading 🙏
ELong
by UnknownUnicorn35780991
EURNOK long seeking to make it two out of two 🎯Our RSI reversal strategy has a long trade running on EURNOK. This is a new strategy script we are trialling at the moment. Last trade included on the chart to show how this works which hit the desired TP target. New trade details are shown on the chart and we are working the 15M time frame. Take profit is the green line. Pink line is stop loss. Trade history can be seen below this trade idea too for full transparency. ------------------------------------------ I try and share as many ideas as I can as and when I have time. My trades are automated so I am not sat in front of a screen daily. Jumping on random trade ideas 'willy-nilly' on Trading View trying to find that one trade that you can retire from is not a sustainable way to trade. You might get lucky, but it will always end one way. ------------------------------------------ Please hit the 👍 LIKE button if you like my ideas🙏 Also follow my profile, then you will receive a notification whenever I post a trading idea - so you don't miss them. 🙌 No one likes missing out, do they? Also, see my 'related ideas' below to see more just like this. The stats for this pair are shown below too. Thank you. Darren.
Long
by pow_removetheguesswork
EURNOK look for a retracement? 🦐EURNOK has been moving inside a discending channel between the orange trendlines. Lately the market has move inside a minor channel and currently is consolidating below a daily structure. If the market will manage to break and close above the structure we can set a nice long order according with our strategy . ––––– Follow the Shrimp 🦐 Here is the Plancton0618 technical analysis , please comment below if you have any question. The ENTRY in the market will be taken only if the condition of Plancton0618 strategy will trigger.
Long
by InkyGrip