NOKUSD trade ideas
Another interesting USD short - sell #USDNOK- Ichimoku setup is neutra, with bearish bias ahead as forward Kumo already points down.
- Price is attacking 9,0895 key level
- EWO is turning to bearish
- Heikin-Ashi signals bearish pressure
Possible target is 8,89+, where we have weekly Kijun and
USDNOK - Is about to blow?USDNOK has been in consolidation for months now and will soon either rip up or down. Indicators are pointing down however winds can change if strong fundamental news comes out.
SL: 9.27601
TP: 8.95973
Please trade responsibly and good luck!
BUY CHNACEENTRY TO BUY = IF THE BLUE ZONE IS BROKEN UP
TP1&TP2 IS SHOWN IN FIG
SL = BELOW THE BLUE ZONE
Short opportunityPrice is moving nicely in sideway channel. Potentially we can expect some bounce up to local ressistance before another test of lower line of channel.
USDNOK reversed from resistance, potential drop!
USDNOK reversed off its resistance at 9.22270 where it could potentially drop further to 9.03380.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
USDNOK - updateEarlier assumption still valid and becoming a probably structure.
Waiting for an ending diagonal to complete a large flat.
USDNOK - Under pressureUSDNOK (1H) - short term bearish bias
The US dollar had been going sideways between 9.0700 and 9.2200 during the November consolidation. As the pair made a U-turn at the daily resistance, we can expect further weakness as a result of profit-taking from range-bound traders. The break of the key support level at 9.1600 put the greenback under increasing pressure as fresh sellers start to join the battering. The area between the 20 and 30-hour averages could see heightened volume before the next bearish movement.
Key support: 9.1280
Key resistance: 9.1770
USDNOK potential reversal!
USDNOK expected to rise up to 1st resistance at 9.18400 where it could potentially react off and drop down to 1st support at 9.15020.
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 9.19264 where it could potentially rise further to 9.24770.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
USDNOK approaching resistance, look out for potential reversal!
USDNOK is approaching its resistance at 9.18280 where it is could reverse down to its support at 9.12780.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
USDNOK reversed from resistance, potential drop!
USDNOK reversed off its resistance at 9.18280 where it could potentially drop further to 9.12780.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
USDNOK reversed from resistance, potential drop!
USDNOK reversed off its resistance at 9.18280 where it could potentially drop further to 9.12780.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
Range moveUSDNOK at range move. We can expect testing ressistance however breaking ascending trendline can give some short term opportunity.
USDNOK 4HUSDNOK 4H
**Disclaimer**
the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
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