Trend Analysis For USD-NOK But with NOK-USD view of situation Possible Sell Opportunity for USD-NOK. This analysis was done on NOK-USD, the analysis will show supporting zones to buy which in turn is Opportunity to sell USD-NOK.
NOK
VIDEO ANALYSIS: CRUDE OIL TO RISE NEXT WEEK?In this video update, we take a look at Brent Crude Oil as the weekly suggests we could see
further upside next week. If the current weekly candle closes back within last weeks
range we could see the market move back towards 75.00. We were expecting the price to
test the 38.2 Fibonacci retracements however this looks unlikely now with current
price action.
CHFNOK: Buy on every dip for the next year.CHFNOK is trading on a 3 year long 1M Cup formation (RSI = 52.266, ADX = 24.446, Highs/Lows = 0.0000) with a clear Resistance Zone (8.7770 - 8.9615). Having entered the second half of the pattern, every pull back on 1W can be bought, targeting the Resistance Zone. If the formation turns out to be fairly symmetrical expect a final test of 8.1351 and Higher Lows after towards the completion of the pattern near the Resistance Zone in about 1 year. We are buying the dip.
** If you like our free content follow our profile (www.tradingview.com) to get more daily ideas. **
Comments and likes are greatly appreciated.
forexTrdr EURNOK- NOK THAT PAIR BACK DOWN FROM EXTREME LEVELSMorning traders,
This morning we have had the Swedish central bank come out and delay interest rate rises with market now pricing no rise until early 2020 (from mid 2019). This has had a secondary effect on the Norwegian Krona leading to a 700 pips drop versus the Euro. We are looking to capitalise on this move into extreme overbought territory and looking for a pull back into the previous trading range of 9.55 to 9.60.
The spike bounced off of resistance levels dating back to early 2019 and forming a descending trendline from previous high levels in April and early February as shown in our Trading View charts.
Simple clean trade on event driven news.
As always this is not a trade recommendation and simply technical observation.
Good luck trading
from the Team at forexTrdr
find us on instagram, twitter and Alexa flash briefings
Usd/Nok Buy Hi All ,
Buying the trend on this pair before the reversal . As you can see we have a strong bullish move & i expect price to touch the top of the range before advancing further .
Entry, Tp1 and Tp2 and SL marked on Chart .
Sl to entry as always .
Many Thanks.
Long SEKNOK @ 0.9140: TP @ 0.93235, SL your choiceLong SEKNOK @ 0.9140: TP @ 0.93235, SL your choice
Eur/Nok Swing Sell Hi All ,
Opening My 6th Swing Trade on this pair .
Price broke down major support level on M1 . Wait for the retest of previous Resistance turned support and enter your swing sell position .
For more information , Please contact me .
Many Thanks.
USD NOK BUY (US DOLLAR - NORWEGIAN KRONE)Hi there. Price is forming a continuation pattern to the upside. Wait for the price to hit the bottom of the pattern and watch strong price action for buy.
NOKSEK Buy SignalPattern: Ascending Triangle on 1D.
Signal: Bullish since the 1.0890 Resistance broke upwards.
Target: 1.1000 (lower 1W Resistance).
NOK JPY BUY (NORWEGIAN KRONE - JAPANESE YEN)Hi there. Price is forming a continuation pattern to the upside. Watch strong price action at the current price for buy.
Dipping into some NOKBuying 1k share each week until earnings. Expecting a double top.
5G is going to happen, recession or not. Adding shares at each support.
Nokia - The old indestructible phone, on support zone?Good week everyone!
NOK opened on friday with a 4% big gap down just over the 200 daily sma and weekly 50ema, and so far rejected it.
Overall the stock is on a uptrend channel as we can see on right chart.
Now what really draw me attention is the huge volume on friday, way over average, is that just panic? someone was buying there right?
Now i'd not buy outright, i wanna keep an eye on the price behaviour next few days to be sure that will be no more frenzy seeling panic, if price manages to stay above daily 200sma therefore we can have a good buy opportunity targeting just below weekly 200sma.
As far we can see the selling waves has not to much volume right now, there is lack of interest on short this stock right now which is a good confluence for long here.
And RSI is almost oversold, just another small confluence for saying.
This Trading Idea is to be used for educational purposes only. This idea does not represent financial advice and its NOT a signal. You should trade based only on your own technic and knowledge.
Sell the Green against NOKWhat are we trading here?
Norway is outperforming in the G10, unemployment falling while inflation exceeding expectations. As a result, interest rates are moving in favour of NOK. The hawkish surprise earlier in the week from Norges Bank suggested that more hikes are necessary has been supportive of the currency.
A key risk is Oil prices holding firm around current levels (starting to look less likely) and Norwegian data softening (not expected)
Best of luck all and thanks for the support with likes, comments and etc.
Brexit, Bank of England and Norwegian kroneThe key event on Thursday was the announcement of the results of the Bank of England meeting. As expected, there were no surprises: the rate left unchanged, as the volume of the quantitative easing program. However, the statement that perhaps a gradual limited tightening of the policy may be needed, can be interpreted as a “hawkish” and this is good for pound. And before that, the British currency ignored the excellent data on retail sales in the UK in February (+ 0.4% m / m + 4.0% y / y, with the forecast -0.4% m / m + 3.3% y / y).
The reason for such attitude is clear. This, of course, is about Brexit. Recall yesterday the EU had to give the UK a response regarding the postponement of Brexit. Brussels gave Teresa May a two-week delay. The current situation is: if next week the British Parliament does not approve the deal, then by April 12, Britain should decide whether to seek a much longer delay or British leave the EU without a deal. This could be used to buy the pound cheaper.
Meanwhile, The Central Bank of Norway, raised the rate on Thursday. This is the second increase since last September. Against the background of the negative rates of the ECB, such actions of the Central Bank look simply defiant. As a result, the Norwegian krone continues to strengthen in the foreign exchange market. We recommend to pay attention to its medium-term purchases. Considering how aggressively the Bank of Norway is behaving. The current uptrend of the krona is in the process of being formulated
Today is going to be kind of busy with macroeconomic statistics data such as: retail sales and inflation in Canada, indices of business activity in the Eurozone and the United States, so it is not going to be boring.
Our basic trading positions are unchanged: we are looking for points for selling the dollar in the foreign exchange market. We are buying oil and gold, increasing the short position in ruble, and now we are taking a medium-term long position in the Norwegian krone.
USDNOK: Long term outlook.This pair is trading on a 1W Channel Up (RSI = 56.066, MACD = 0.088, Highs/Lows = 0.0000) which is currently struggling to get past 8.8277. The danger of creating a Double Top rejection is valid and since we are inside the 1W Resistance Zone, long term investors should start considering a short. However until the Channel Up breaks we are targeting 8.8277 and 8.99500 in extension. If 8.40550 breaks we will short with TP = 8.04405.
** If you like our free content follow our profile (www.tradingview.com) to get more daily ideas. **
Comments and likes are greatly appreciated.
GBPNOK: 1D Channel Up. Buy opportunity.The pair is trading inside a 1D Channel Up (RSI = 51.618, STOCH = 45.324, MACD = 0.059) and has just made a Higher Low. We are expecting a rise towards a Higher High next. TP = 11.6200.
** If you like our free content follow our profile (www.tradingview.com) to get more daily ideas. **
Comments and likes are greatly appreciated.
NOK JPY SELL (NORWEGIAN KRONE - JAPANESE YEN)Hi there. Price is at the top of the pattern (b wave) for one more down move (c wave). Watch strong price action at the current price for sell.
Nokia Buy SignalThere's been a lot of positive news surrounding Nokia as of late, and the Megalodon just gave us the buy sign!
The Megalodon indicator uses an artificial intelligence, combined with data from over 500 buy setups, and over 2000 indicators to produce extremely accurate buy signals on any and all asset classes!
NOKJPY: Long opportunity on repetitive patterns.NOKJPY has been on a 4H Channel Up which according to its neutral RSI = 51.365 and Highs/Lows = 0.0000 has reached its Higher Low. This is a signal to go long. This Channel Up is identical to the previous sequence that made a 13.010 High. On 1D (MACD = 0.026, Highs/Lows = 0.0133, B/BP = 0.0028) the trend remains bullish as long as the 12.600 support holds. Our TP = 13.000.
** If you like our free content follow our profile (www.tradingview.com) to get more daily ideas. **
Comments and likes are greatly appreciated.
USDNOK: Short on the 4H Lower High.The pair has made a Lower High on the 4H Channel Down. With 1D a Channel Down also on bearish stochastics (STOCH = 35.614, STOCHRSI = 35.614) it is more likely to get a decline now towards a Lower Low. Based on the -1.40% metric, we have a short TP = 8.52100.
** If you like our free content follow our profile (www.tradingview.com) to get more daily ideas. **
Comments and likes are greatly appreciated.
BULLISH INDICATORS! BUYERIC looks like it's ready to run!
On the daily chart, if the stock price can break above $8.90, it should hit $10 to $12
Every indicator on the daily chart is BULLISH
As for the Weekly Chart goes...
Every indicator on the Weekly is BULLISH
POSITION: 500,000 SHARES
COST: $8.50
