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
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.
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.