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Norway

Yara International (YAR) | Looks Promising!Hi, Yara International ASA is a Norwegian chemical company. Its largest business area is the production of nitrogen fertilizer, however, it also encompasses the production of nitrates, ammonia, urea and other nitrogen-based chemicals. Some fundamental pros & cons: + Under the fair value. + A lot of insiders buying. + Yara and IBM launch an open collaboration for farm and field data to advance sustainable food production. - A bit high debt. Technical criteria: 1. The trendline third touch should act as support. 2. A strong orange horizontal price zone is printed several yearly highs and lows. 3. Fibonacci Retracement 62% acting as a support level. 4. Monthly EMA100 acting as support. Technically, I can see that the long-term growing platform is pretty solid, it stays between 317-340. Do your own research about fundamentals, company potential, valuation numbers and etc. Do not forget that perfect investing consists of good fundamentals (you have to make your own research) and you need a good buying area (you have it)! Line chart: Regards, Vaido
OSL:YARLong
by VaidoVeek
4
USDNOK DOWNSIDE TO RESUMEUSDNOK recently saw downside after coming into a key weekly trendline resistance combined with the Norges Bank (the central bank) talking about the potential to hike interest rates in 2019 as their economy continues to grow. Looking to the USDNOK pair technically we can see the market created new lows after rejecting the weekly trendline resistance. Using our Fibonacci from swing high to swing low we can see the 38.2 Fib lines up with our key horizontal resistance making it a great place to look for continuation short.
Short
by BlueberryMarkets
NOKUSD vs Crude Oil - will this divergence compress soon?Norwegian Krone is highly correlated to Crude Oil futures (front month), but over the last year it appears to diverge. NOK/USD has continued to slide while Crude stabilised. This could be due to strengthening Dollar, and the low oil prices indicating weaker future economic growth. The blue trend line marks multi-year highs. With prices touching this trend, combined with a relative underperformance of NOK/USD to Crude, this could see NOK/USD break higher, and soon. An interesting pair to watch no less, particularly when there is divergence as seen at the end of 2017, which provides an attractive spread trade of Long NOK/USD Short Crude.
Long
by MVedra
CHFNOK - Sell at the bendLong term up trend CHFNOK is finished. Norway is accelerating thx to stimulus being put into the economy which has kick-started and enormous amount of infrastructure builds around the country. Oil industry is done with its "cleanup" on jobs with new job openings up 56% in the oil region in nov/des. Housing market fundamentals in Oslo is overheating with the West-coast having bottomed. All evident in listings for sale and rental market activity. Projections for 10bbls of oil find in the Barents Sea (north) at 55-level Brent holds some very interesting possibilities of what lays in-store (projections of 10bbls has just been made). Regional banks on the west-coast is a winner on the stock exchange this year having skirted the major loss projections announced back in time. Furthermore, interest rate cycle has bottomed and entry specific safe guards added on the Oslo small flats market carries further evidence of an end of rate cut cycle. Governmental focus on upstarts has generated tax cuts for companies from 28% down to 24% in 2017 (23% in 2018) and the lessening of banks lending requirements for SMEs (new 2017) will jolt the job creation into the new year. The opposite picture is true in Switzerland with stagnant Q3 growth, soft housing markets (Geneva especially) and big industries like tourism and watches continuing to shed sales and earnings due to a problematically high CHF. The overlaying picture show ECB in April cutting its QE program and thus forward the leak of the weak into CHF will be stopping somewhere in first half 2017. Generally a 7-handle is coming up fast as we now move out of the low liquidity period that hits the NOK during the xmas periods. January stars with Norwegian Central bank uping its sale of foreign currencies at a new record to cover the state-budget requirements for 2017 - this should continue as the expansionary features of the 2017-budget will require exchanges above normal.
Short
by volsupply
1