EURNOK Closing triangle maintained for past 13 years can build a very good short position for the coming years but if it fails to break the resistance line it will go long for the coming years again. brace yourselves.
NOK
EURNOK in resistance zone near all-time high (rising wedge)EUR/NOK has reached a resistance zone near the all-time high of 10.1573 + spread and may be in a rising wedge. It could be a good long-term short from here (over 10.06), as NOK have been raising interest rates this year (last on Sep 19th), now at 1.50%, due to a solid economy. I'm short from 10.06237 and 10.06587. A short with TP 2000 pips (9.862) SL 2000 pips (10.262) makes the TP within reach and the SL substantially above the all-time high, and if approaching the TP the stop could be moved to 80% of the current profit, and the TP pushed down - perhaps with a partial close performed at the TP level - it could go down to 8.794 if the rising wedge is real and broken or even much lower. Be careful - spreads are wide, pips are small and volatility can be high on this exotic pair! If you take a position (do your own analysis), I recommend very small positions held for the long-term.
EURNOK in resistance zone near all-time highEUR/NOK has reached a resistance zone near the all-time high of 10.1573 + spread. It could be a good long-term short from here (over 10.06), as NOK have been raising interest rates this year (last on Sep 19th), now at 1.50%, due to a solid economy. I'm short from 10.06237 and 10.06587. A short with TP 2000 pips (9.862) SL 2000 pips (10.262) makes the TP within reach and the SL substantially above the all-time high, and if approaching the TP the stop could be moved to 80% of the current profit, and the TP pushed down - perhaps with a partial close performed at the TP level. Be careful - spreads are wide, pips are small and volatility can be high on this exotic pair! Recommend very small positions held for the long-term.
NOKJPY Sell SignalPattern: Channel Down on 1W and 1M.
Signal: Bearish on current price (1W) and if it makes contact with the 1W MA50 (1M).
Target: 11.200.
GBPNOK Double Target action planPattern: 1M Channel Up.
Signal: (A) Bullish towards the potential Double Top and (B) Bearish towards the 0.382 Fibonacci retracement.
Target: (A) 11.5200 and (B) 11.1600.
Top and Bottom Analysis on USDNOK by ThinkingAntsOkUse this as a guide to develop your own setup
Main items we see on the 4hs Chart:
a)Price Surpass the Maximum Historical zone and the re-enter to the previous levels (bearish Signal)
b)Currently, we can see a Consolidation Structure, this kind of structures can be considered as continuation patterns
c)We can see an interesting downside potential towards the Daily Ascending Channel
d)If you are planning on taking a trade on this setup, consider opening positions on the breakout of the Corrective Structure
e)You can Break Even on the First Support Zone
d)Consider the Daily ascending trendline as Target
Weekly Vision:
Daily Vision:
NOKSEK 09/16/2019Pattern: Rectangle on 1M.
Signal: Bearish as the price was rejected on the 1M Resistance Zone.
Target: 1.0455 and 1.0215 in extension.
NOKJPY: Long term Buy Opportunity.The pair is trading on a long term 1M Channel Down (RSI = 37.681, MACD = -0.379, Highs/Lows = -0.5701) that has come close to the 11.460 1M Support where it rebounded last week. This can be an early signal for a trend reversal and buyers you have entered early can systematically aim at the gaps. First the 12.390 Lower High, which if broke should lead to the 1W Resistance (A) at 12.370 (not a coincidence that the 1W MA50 is currently there. Last gap to fill can be the 1W Resistance (B) at 13.230 where again it is not a coincidence that the 1W EMA200 is currently there. All these levels are Lower Highs on the 1M Channel Down.
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NOKDKK - KRONE / KRONE - 4hr What to expect - ForexI'm 2 for 2 on NOKDKK swings, can we get the third swing? Like the NOK/JPY pair, the NOK/DKK pair also looks to want to reverse trend soon. This ticker actually looks like its has already done its pullback and tested lows and is now going to swing up. It could pull back again but I would be looking for longs for now. I'm not personally taking a trade on this pair but rather the NOK/JPY pair, (see chart). But not a bad reversal signal. NOT FINANCIAL ADVICE - TRADE SAFE.
Trade Idea + Top and Bottom Analysis on USDNOK by ThinkingAntsOkUse this as an Idea to develop your own setup
Main Items we see on the 4HS Chart:
a)Price is on Maximum Historical Highs, this is an important Resistance Zone (check Weekly chart)
b)MACD divergence, this is a clear signal of the weakness of the current bullish movement
c)The Main Ascending trendline is broken and the price is making a pullback over that trendline
d)Currently, we can see a Wedge pattern structure, this type of formations are reversal structures
e)On the chart we have set Entry/Stop/Take Profit, this configuration gives a really good Risk Reward Ratio, Higher than 2:1 with a really good Stop
Multy timeframe analysis
Weekly Chart:
Daily Chart:
Short USDNOK @ 9.03024; TP @ 8.84975, SL your choiceShort USDNOK @ 9.03024; TP @ 8.84975, SL your choice
EURNOK rollover into 9.8000We could see EURNOK roll over towards 9.800 support over the next few weeks.
Looking ahead towards rate releases next month - if ECB chops rates aggressively, the Euro will take some hits.
Holding a short bias for the mid-term.
NOKJPY - KRONE / YEN - 4HR What to expect.NOK/JPY looks like it wants to reverse trend by giving us a nice 4hr range break signal. Closes above the last leg down gives me the impression it wants to move upwards soon. At this moment there are two closes above the golden line which is good, a few more would be better. But before we FOMO LONG, stop and think, "could this retest lows?". Yes. In fact that's what I expect it to do. More often than not it gives a nice test of lows before it swings up, but not ALWAYS. So don't try to immediately short this thing and profit on the retest, it doesn't always happen. I've seen tickers just blast off w/ no retest at all.
Anyways.
I'm getting long on the retest of lows with stop loss below previous lower low. Green lines above are profit targets. NOT TRADING ADVICE. TRADE SAFE.
USDNOK - Long Term Double Top - Short Swing TradeUSDNOK found resistance at 9.00, Possible double top from 2015 high.
Expecting DXY to roll over in the near future...
Nokia's road to $8 and higher - Strong BuyNokia beat 2Q19 expectations, but the better news came from an upbeat narrative regarding the next few quarters.
"Will 5G Boost Nokia Stock? - There’s one more piece of good news worth highlighting. Again, cost cuts should help margins and 5G should drive growth. The question is whether, with China’s Huawei facing security concerns, Nokia can outperform rival Ericsson (NASDAQ:ERIC) in 5G. Early returns look good."
seekingalpha.com
www.stocksequity.com
Despite the US trade war with China, Nokia will be one of the winners in our opinion.
$ 6,50 before september 2019
$ 8,00 before november / december 2019
USD NOK SELL (US DOLLAR - NORWEGIAN KRONE)Hi there. Price is forming a continuation pattern to the downside. Watch strong price action at the current price for sell.
EUR/NOK long term shortThe pair is at historical highs with RSI showing bearish divergence.
EUR/NOK is also forming a bearish triangle which will initiate the long term downtrend.
EUR area is looking to cut interest rates or prolong the QE program. NOK has (the biggest?) sovereign wealthfund which will prove useful if Norway needs fiscal stimulus.
short EUR/NOK also provides a carry. Therefor this is a small carry trade, not like EUR/TRY.
NOKDKK - Norwegian / Danish Krone - FOREX - 4hr expectationsSee my previous chart on NOKDKK where we predicted its swing up. Now NOK/DKK appears to be failing trend on 4hr, giving us definitive closes (circled area) below our last leg up (green line). Marked with texts were the levels to hold and seeing as the bottom looks to have failed, it has a better chance of going down. We are currently trading @ .77593 after a retest of highs/ "pullback", which is where I like to take the position. Probably going to get short on this, we will see how the open goes today. Targets are the lines below current price, stop loss around .777 depending on open today. NOT TRADING ADVICE. TRADE SAFE.
SHORT VISION ON EUR/NOK FULLY EXPLAINED4H CHART EXPLANATION:
In the short term, we observe a Descending Wedge Pattern being formed by the last downtrend. Now we are waiting for a pullback towards the Confluence Zone between the Top of the Wedge Pattern and the Broken Ascending Trendline, and after that a bounce to continue the downside move. This is the short term vision, the mid and long term are explained below on the Daily and Weekly Timeframes.
MULTI TIMEFRAME VISION:
-Daily:
-Weekly:
NOK JPY SELL (NORWEGIAN KRONE - JAPANESE YEN)Hi there. Price is forming a continuation pattern to the downside. Watch strong price action at the current price for sell.
