EURNOK trade ideas
EURNOK - short on economic surprise differentialFundamentals:
-EU: eco slowdown continues, underpinned by ECB
-NOR: inflation picking up, central bank will further hike this year -> carry trade
-NOK gained even under risk-off sentiment
-CitiBank Eco Surprise Index (1mo) differential: -53.9 vs +53.6 in favor of NOK
EUR/NOK_H4_3/25/2019H4
potential head & shoulders
200 MA resistance on H1 timeframe
Tendency is upward
EUR/NOK_DAILY_3/25/2019DAILY
descending triangle
support at 9.64239
initial resistance at 9.70427
price above 200 MA
EUR/NOKH4
downtrend
possible bounce from the demand zone
bullish divergence
below 200 MA
trade idea - long
entry at 9.71108
TP at 9.78747 to 9.82278
stop at 9.69645
EUR/NOK_DAILY A
DAILY
sideways/downtrend
above 200 MA
initial support at 9.64430
possible triple bottom
RSI support at 34
EURNOK buy setup H1EURNOK buy setup H1
RSI divergence with possible formation of bullish shark pattern at support trend line. For a buy at 9.68653 , TP at 9.7498 and SL at 9.6564 you get a RR ratio of 2.11
TIME FOR EURNOK TO GO UP NORTH?Will we use the S/R consolidate here and go up from here or are we going to retest the old range first (BLUE LINE)? Im long on the midterm on this pair. looking at price action as a hawk for a new long entry.
EURNOK - 240 - Just a quick ideaThis is a short-term idea, which could potentially work out.
Only on a break of the 9.7880 that we will start looking further north. Also, in addition to the break, we would like to see a daily candle closing above that 9.7880 barrier, so that it could attract more buyers.
Please see the chart for details and the alternative scenario.
Don't forget your stop-loss.
EUR/NOK Bounce with "V"Bounce bottom/W + "V" with right structure on H4 ( if will break 123)
lot of space for move UP
EURNOK - Trend Reversal & Bat PatternEURNOK broke the downtrend line and made a new higher high. Looking for an entry at the Bat entry level for a long position
Shorting EURNOKAfter 7 days of straight bullish candles, we are now facing a reversal movement. MACD line is above the Signal line and both are below 0, which it gives us a better chance to go bearish. Same with Stoch RSI, already on an overbought level and ready to fall.
EURNOK, LONG POSITIONLadies and gentlemen, boys and girls.
Hereby you find my analysis for EURNOK.
Those currencies (EURNOK) aren't that easy to trade in, but finally I could make something of it.
I chose LONG POSITION because I saw a bullish three-drives pattern. I know you're asking yourself "Where is that pattern?"
It's too small and invisible to see but if you take a close look at it, you will definitely notice it.
Bear in mind that you won't make a lot of profit, but as one says "It's better to have something than nothing".
Share your opinions with me and let's make FOREX great again (I hope you see the reference)
Adding to our EUR/NOK ShortGood Morning,
Oil is breaking higher closing above the 50 day exponential moving average (EMA) for the first time since October when it made 4 year highs. This should support long NOK and CAD positions. Looking to add to our short EURNOK positions on retracements towards 9.8000.
short EURNOK on continued poor EUR growth Trade we have had on for a while- continue to like short EURNOK on poor EUR growth and interest rate differentiation vs Norway. Highlighted two declining trendlines as well as Fibonacci support areas that we are currently trading around.
Head and shoulder pattern with right, declining leaning shoulder highlighted by the trendline.
eurnok shorteurnok break the support zone, next target: 9.64
possible the price drop to next target support zone: 9.44
EURNOK - 240 - Breaking the the upside support lineTrade Alert
EURNOK has broken the medium-term upside support line, drawn from the low of October last year, and is now also testing the key support area, near the 9.7332. Such a setup favors the bears more than the bulls, which means we might see a follow through to the downside. For now, we will target slightly lower levels, as the euro is currently feeling a bit on the weak side.
That said, given the proximity of the rate to the upside support line, we will still keep in mind the possibility for a strong reversal back above the upside support line. And if that happens, we might abandon the above-mentioned bullish scenario.
Please see the chart for details.
Don't forget your SL.
