Usdnokbuy
USDNOKOn the monthly charts we have a confirmed bearish trend. Presently, on the monthly charts, we have a bullish correction that we can trade.
On the weekly charts we have a shift in order flow confirming our bearish bias though its a long term view. We have an impulsive bearish move that has necessitated a bullish correction to clear previous disequilibrium.
On the daily charts we have a minor shift in order flow from bearish to bullish that we seek to trade.
Long opportunity for long termI expect to usd/nok prices go higher until mid of 2024,
It looks like From 8.50 to 8.40 range best place to long usdnok right now 8.21 or 8.05 might be your SL place according to your position.
Long Position entry Location 8.40-8.50
SL:8.21 or 8.05
TP1: 11
TP2: 12.75
TP3: 13.60
TP4: 14.90
USDNOK potential reversal!
USDNOK expected to rise up to 1st resistance at 9.03979 where it could potentially react off and drop down to 1st support at 8.93861.
*Disclaimer.*
Trading leveraged products carries a high level of risk and may result in you losing substantially more than your initial investment. Pepperstone Group Limited is licensed and regulated by the Australian Securities and Investments Commission (AFSL 414530). Pepperstone Limited is authorised and regulated by the United Kingdom Financial Conduct Authority (FRN 684312). This information is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.
USDNOK reversed from resistance, potential drop!
USDNOK reversed off its resistance at 8.92350 where it could potentially drop further to 8.75474.
*Disclaimer.*
Trading leveraged products carries a high level of risk and may result in you losing substantially more than your initial investment. Pepperstone Group Limited is licensed and regulated by the Australian Securities and Investments Commission (AFSL 414530). Pepperstone Limited is authorised and regulated by the United Kingdom Financial Conduct Authority (FRN 684312). This information is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.
USDNOK reversed from resistance, potential drop!
USDNOK reversed off its resistance at 8.92350 where it could potentially drop further to 8.75474.
*Disclaimer.*
Trading leveraged products carries a high level of risk and may result in you losing substantially more than your initial investment. Pepperstone Group Limited is licensed and regulated by the Australian Securities and Investments Commission (AFSL 414530). Pepperstone Limited is authorised and regulated by the United Kingdom Financial Conduct Authority (FRN 684312). This information is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.
USDNOK approaching resistance, look out for potential reversal!
USDNOK is approaching its resistance at 8.92350 where it is could reverse down to its support at 8.75474.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
USDNOK bounced from support, potential for a further rise!
USDNOK bounced off 8.75474 where it could potentially rise further to 8.87299.
*Disclaimer.*
Trading leveraged products carries a high level of risk and may result in you losing substantially more than your initial investment. Pepperstone Group Limited is licensed and regulated by the Australian Securities and Investments Commission (AFSL 414530). Pepperstone Limited is authorised and regulated by the United Kingdom Financial Conduct Authority (FRN 684312). This information is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.