USDNOK
USDNOK Entry 9.07043 | Watch ListWait for the daily candle to close above price level 9.07043. Enter on a retest at price level 9.07043.
Chart of the day.. USDMXN and USDZAR.. buy buy and buy!!!!! Exotic Pairs Rise in USD Weakness!!!! Buy USDZAR , USDNOK , USDMXN
I am expecting another wave for new highs..!!!! USually exotic pairs rise on end of month and start of month.. so dont miss!!!
Buy the Breakout of 17.04... Exotic Pairs Rise in USD Weakness!!Exotic Pairs Rise in USD Weakness!!!! Buy USDZAR, USDNOK, USDMXN
From last couple of years.. whenever there is weakness is in USD.. the Exotic pairs always gone for more rise and new highs!!! So right now USD weakness is all over place.. but exotic pairs starting showing potential to go upside.. USDZAR has made double bottom on 4hr and Daily.. Only thing is stalling it 200 sma on 4hr.. and then we have 50 sma on Daily.. Once clearly 17.02 taken out i am expecting another new high by taking out 19.34!!!!! I think correction has ended so a new wave is on its way.... maybe this time 21 or 23.0?
Chart of usdzar is very clear.. and USDMXN is also getting ready to test its upper resistance trendline..
USD/NOKTime to go long USDNOK.
Playing fib levels up.
Bullish divergence on RSI.
And hitting long term resistance on the higher timeframes.
USDNOK still struggling with bearishThe recent rebound on strong support was promising for a reversal trend, but it is very tough. I still see a stronger Short position in a few days ahead.
OANDA:USDNOK
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Disclaimer:
This information is for educational purposes and is not an investment recommendation nor to be representative of professional expertise. This analysis used herein is for illustration purposes only. This personal opinion should not be considered specific investment advice. I am not responsible for any trades, and individuals are solely responsible for any live trades placed in their own personal accounts.
USDNOK Buy SignalPattern: Triangle on 1D.
Signal: Bullish as the RSI is forming a bullish pattern which since the Channel Up started in March 2018, it was a sign of a new High.
Target: 9.800 (Higher High excluding the COVID candles).
Most recent signal:
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USDNOK 4H RectangleOANDA:USDNOK This pair is likely to rise and break out from the rectangle pattern, as DXY is currently getting her momentum
SHORT USDNOK IF IT BREAKS DOWN THAT LOW.Strong momentum down and a pause expect to go down if market brakes to the downside.
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USDNOK a continuation of the bearish trend? 🦐After the long downtrend the market retrace till the 0.382 fib level and now it create a lower high lower low.
IF the price will manage to break the structure we can set a nice sell order with the target at the yellow trend line which support the upper trend line on the 1d chart.
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Here is the Plancton0618 technical analysis , please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of Plancton0618 strategy will trigger.
USD/NOK will fail to break out from two major resistance linesThe pair will fail to break out from two (2) major resistance lines, sending the pair lower towards its 2020 low. The Federal Reserve holds onto its current benchmark interest rate of 0.25%. This was following the selling pressure by investors and traders on the US dollar in the previous weeks. Apparently, investors felt that the record-breaking $6 trillion economic aid by the central government and the central bank will scratch the value of the greenback on the medium-term. Aside from that, inventories of oil surged in the first week of June. Also, jobless claims are still way higher than the combined jobless claims during the 2008 Global Financial Crisis. Meanwhile, Norway is leading among the fastest recovering countries in Europe. Expectations for the full fiscal year GDP was down to 3.9% from 5.5% expected in April. Norway is seen by analysts as one of the most liquid countries in the world with its sovereign wealth fund at its disposal.
USDNOK is taking the last breath before the uptrend startson DAILY: USDNOK is approaching a demand area in red so we will be looking for objective buy setups on lower timeframes.
on M30: USDNOK is trading inside an objective channel in orange so we are waiting for a momentum candle close above the last swing that forms around our upper orange trendline to buy this pair.
we also have a regular bullish divergence on MACD adding more confluence to our buy setup.
meanwhile, until the buy setup is activated, USDNOK would be overall bearish.
USD/NOK MULTI-TIMEFRAME ANALYSIS Hello Traders, here is the full analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied.
USDNOK 1DWe had to back out to the 1D to get a more clear picture. We have an ascending trend line with numerous reactions. We have come down to that point as well as being oversold on the RSI. If this dips below, I’d want to see it come back to test before heading further down. Or, it could easily reverse to head back up.
USDNOK JUNE 1-5FOLLOWING LAST WEEKS DOWNTREND
WAITING FOR RECTANGLE TO BREAK OUT OF CONSOLIDATION
4 HR FULL BEARISH CLOSURE BELOW 9.66065 CONSOLIDATION, ENTER SHORT
NOK is strengthening thanks to the optimism in the oil outputThe better than expected conditions of the oil production in Norway is helping bearish investors to rally in sessions. The downward momentum is projected to last until the first half of June and potentially drag the USD/NOK lower and lower. The Norwegian krone is strengthening thanks to the optimism in the country’s oil output and considering that the crude market is already steadying, the oil-linked currency will most likely continue its direction. Bears investors of the US dollar to Norwegian krone exchange rate are effectively pushing the 50-day moving average lower and closer the 200-day moving average. Aside from its relationship with oil prices, another factor that is supporting the krone in forex sessions is the unexpected increase in the country’s retail sales. Recently, Statistics Norway noted that the direction of spending is less on services but more on retail goods, a change in the country’s consumption pattern.
USDNOK 4HUSDNOK looks to be breaking above and possibly retesting this descending trend line on the 4H. The next couple of closing 4H candles could indicate a clear direction.
USD/NOK potential upside over the next sessionsUSD/NOK could give us a long swing soon, however a further dip into the support zone cannot be ruled out. As long as we are in the support zone there should be could buying prices.
