On the monthly charts we have a confirmed bearish trend with a bullish correction in play. 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. The break in daily structure confirms shift in order...
The USDNOK pair has been trading within a Triangle pattern for the past 2 years (since June 2022) and right now is consolidating right below the 1D MA50 (blue trend-line) after holding the Higher Lows Zone. Within this 2-year pattern, every time the price broke above the 1D MA50 following a bottom bounce, the new Bullish Leg was initiated. Our Target is 11.000...
The USDNOK pair has formed a cyclical top on the 1D time-frame and is currently pulling back towards the 1D MA50 (blue trend-line). This level has been supporting since March 14 2024. If broken, we expect a a 2nd dip to the 1D MA200 (orange trend-line) as well and as it pierces through the (green) Ichimoku Cloud, stage a dead-cat-bounce back at its top and the 1D...
The USDNOK pair is trading within a 1 year Channel Up with the price above both the 1D MA50 (blue trend-line) and 1D MA200 (orange trend-line). Last week's rejection on the 0.786 Fibonacci retracement level is similar with the one in March 16 2023, which after pulling back to the 1D MA50 and was contained above the 0.382 Fibonacci, it reversed upwards to a new...
USDNOK is reaching demand area and we hope a good long position i prefer to save 30% of volume at target defined and let it go Entry:10.34797 SL:10.24479 Target: 11.03141 RR:1:6
I 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
It is possible to reach the target by combining strategies 1 and 2 myself
The market continues its downward movement. I have designated the place, price and TP. I am waiting for the price to come back, the signal from the chart and the position to open
Pattern: 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: ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. **
Dates in the future with the greatest probability for a price high or price low
Dates in the future with the greatest probability for a price high or price low
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...
USDNOK expected to rise up to 1st resistance at 8.97772 where it could potentially react off and drop down to 1st support at 8.89307. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
USDNOK reversed off its resistance at 8.92350 where it could potentially drop further to 8.76076. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
USDNOK reversed off its resistance at 8.92350 where it could potentially drop further to 8.75474. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.