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GBPNOK

Big move for GBPNOK this month?Monthly candle analysis suggests that this market may move lower this month. This is due to how price behaved around the 5 EMA in July as well as economic uncertainty keeping GBP weak. This pair is now on my watch list for the month of August. I'll be watching the daily time frame for short signals. Once I get a signal on the daily, I'll move down to the 15 minute chart and try and catch the high of the day during London. My goal is to "scalp" this month's potential movement, booking pips on the way down.
Short
by BACapitalManagement
GBP/NOKTechnical: - The Pair has found resistance at the 61.8 Daily Fib (Price: 11.224) and slight support/testing the 38.2% Weekly Fib (Price: 10.989). o Looks like it will break that support. - Looking to open short after strong daily close under the 38.2 Fib and Enter a moderate Short o For active traders, Stack.1 will be a close below the 50.0% Daily Fib (Price: 10.90) Fundamental - GBP: CPI (YoY) release Tuesday, 16/5/17 - GBP: Average Earning Index + Bonus (Wednesday, 17/5/17) - GBP: Unemployment Rate (Wednesday, 17/5/17) - GBP: Retail Sales (MoM) (Thursday, 18/5/17) Announcement wise the GBP will lead the pack with some core economic data coming out which will definitely test those support levels.
Short
by STIADAYSOFPAST