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#006: EUR/NOK SHORT Investment Opportunity
Hi, I'm Andrea Russo and today I want to show you this SHORT investment opportunity on an often undervalued but extremely interesting pair: EURNOK.
I would like to thank in advance our Official Broker Partner PEPPERSTONE for the support in creating this article.
The Euro / Norwegian Krone exchan
EURNOK Bullish Reversal in Progress📉 Weekly Overview:
EURNOK holds firm at a major support zone and prints a bullish engulfing candle, signaling potential reversal strength. This is a significant reaction level that previously acted as a demand zone — price respect here is a strong technical clue buyers are stepping in.
📈 Daily Ch
CONFUSION SETS IN.....Hello! You are looking at a 6 hour chart, here.
Starting out, we can see the 100 day moving average starting to ascend above the 14 day moving average, which indicates bearish momentum is building!
On the other hand, we can also see what appears to be a bullish pennant forming, which indicates bul
Could the price bounce from here?EUR/NOK is falling towards the pivot which acts as an overlap support and could bounce tot he 1st resistance which is a pullback resistance.
Pivot: 11.81545
1st Support: 11.68330
1st Resistance: 12.15726
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you sh
Bullish bounce?EUR/NOK is reacting of the pivot which is a pullback support and could bounce tot he 1st resistance which is also a pullback resistance.
Pivot: 11.28684
1st Support: 11.18417
1st Resistance: 11.52178
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should
Bullish bounce?EUR/NOK is reacting off the pivot which has been idetified as a pullback support and a bounce from this level could indicate a double bottom pattern which might lead to a potential price rise to the 1st resistance.
Pivot: 11.28684
1st Support: 11.18417
1st Resistance: 11.18417
Risk Warning:
Tra
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Summarizing what the indicators are suggesting.
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Displays a symbol's price movements over previous years to identify recurring trends.
Frequently Asked Questions
The current rate of NOKEUR is 0.08450 EUR — it has increased by 0.62% in the past 24 hours. See more of NOKEUR rate dynamics on the detailed chart.
The value of the NOKEUR pair is quoted as 1 NOK per x EUR. For example, if the pair is trading at 1.50, it means it takes 1.5 EUR to buy 1 NOK.
The term volatility describes the risk related to the changes in an asset's value. NOKEUR has the volatility rating of 0.14%. Track all currencies' changes with our live Forex Heatmap and prepare for markets volatility.
The NOKEUR showed a −0.20% fall over the past week, the month change is a −0.65% fall, and over the last year it has increased by 1.16%. Track live rate changes on the NOKEUR chart.
Learn how you can make money on rate changes in numerous trading ideas created by our community.
Learn how you can make money on rate changes in numerous trading ideas created by our community.
Currencies are usually traded through forex brokers — choose the one that suits your needs and go ahead. You can trade NOKEUR right from TradingView charts — just log in to you broker account. Check out the list of our integrated brokers and find the best one for your needs and strategy.
When deciding to buy or sell currency one should keep in mind many factors including current geopolitical situation, interest rates, and other. But before plunging into a deep research, you can start with NOKEUR technical analysis. The technical rating for the pair is neutral today, but don't forget that markets can be very unstable, so don't stop here. According to our 1 week rating the NOKEUR shows the sell signal, and 1 month rating is sell. See more of NOKEUR technicals for a more comprehensive analysis.