USDNOK after the double bottom over the support has moved to the upside over an ascending trandline. The price has now reached a daily resistance and according to Plancton's strategy if the market will break above we will set a nice long order. ––––– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵...
There is a history of ranging before breaking down in this pair. See how it was ranging between 8.6450 and 8.3800 for several weeks before it broke below. Now we have something similar and despite multiple attempts during the past 6 weeks, this pair has been unable to close above 8.3800. This pair has clearly been on a strong bearish trend since Nov. and I don’t...
Short Term Elliott Wave structure for USDNOK suggests the decline from March 24, 2021 high is unfolding as a 5 waves impulse Elliott Wave structure. Down from March 24 high, wave (1) ended at 8.149 and bounce in wave (2) ended at 8.369. The 45 minutes chart below shows the wave (2) bounce and pair resumes lower from there in wave (3). Pair still needs to break...
Hi everyone I hope you are well All that can be seen in the chart is a decline, small corrections but it continues to decline again. The price has reached its lowest level since 2017. He passed all the support points on the way with force. But at the current price, we are witnessing the intersection of important support and resistance lines in the daily and weekly...
USDNOK long to level 8.51600 .. Nice bullish divergence on the MFI .. Good luck..
I expect in due time for USD to be worth at most 5 NOK.
Exotic markets are risky, but I see good indication on this one. Not risking crazy amount, but I put in my trade at 8.59. Looking to take profit on the way up. I would honestly wait to trade until the 1 and 7 day moving averages cross, as it seems to be a strong indicator on this chart. At around 9.00 I expect a continuation of the down trend. I will still be...
Welcome back Traders, Investors and Community! Analysis of #USDNOK If you have found this useful then help us support my page by hitting the LIKE button. If you are not subscribed yet then please feel free to follow my page for daily updates and ideas. Thank you It means a lot to us! *** Strategy: Bearish Gartley on H4 timeframe - We will be waiting for...
GREETINGS This articles will be a follow up piece to the educational article I did on correlation trades in the forex market. Check out my article on CORRELATION-DIVERSIFYING-HEDGING-An-elementary-view Now in a previous article that I wrote I had strongly suggested that the AUDJPY had reached a key level of resistance on the daily and weekly chart and was...
The Norwegian Kroner continues to strengthen against the U.S Dollar. Higher Crude Oil prices are increasing the demand for the commodity-linked Norwegian Krone. The Dollar is weaker due to lower interest rates and the negative balance in the U.S Current account. In the video we look at selling the exchange rate, with take profit targets, stop loss, and entry...
📌 NOK for the Yearly Close Now comes the traditional complex NOK and SEK map complex. I have mentioned a number of times SEK was in a very good position for sellers, now NOK is joining the disco because it is unlikely that dollar can manage to force the defence. A very amusing chart, for those with a background in waves we are playing the breakdown on a 5 wave...
📌 SEK for the Yearly Close In general the following flows are working flawlessly, sellers have recaptured the control and are bringing about a lot of pressure on the main macro targets issued at the beginning of 2020. One indication of the weakness is clearly the USD devaluation, and is represented by the attacking side rushing to SEK. Introducing...
Hello traders, I hope you are all doing great! The last week finished in deep green territory for us (The Greek Trader community) above 500 pips profit and we are doing the same on this one! The trade set up we are looking on is the USDNOK and let us tell you what our analysis is showing us: Technical Observations 1.We have price reaching a daily-weekly and a...
Hello everyone, if you like the idea, do not forget to support with a like and follow. Here is the top-down analysis for USDNOK, feel free to request any pair/instrument or ask any questions in the comment section below. Best of luck!