usdnokUSDNOK closed above its downtrend for the first time since May 2023. It also broke the downtrend channel it had been holding since April. I expect a serious rise after the retest.
About US Dollar/Norwegian Krone
The U.S. Dollar vs. the Norwegian Krone. The is the most popular pair to trade Norwegian currency. Oil prices and changes in interest rates greatly influence the Krone. Norway’s economy is highly dependent upon trade with the UK and Euro-Zone thus making it extremely sensitive to changes in those economies.
USDNOK false breakout leading to breakdown?Intraday Update: The USDNOK slammed back to the 10.90's as the Norges CB kept rates unchanged today. As other central banks (like the BOE just minutes ago cutting rates) this has allowed the USDNOK to break back below 11.00. The 11.1500 is shaping up as key resistance and stops below the 10.9000 sho
USDNOK at key resistance today Intraday Update: End of month flows has take the USDNOK back above the 11.00 level, but in order to get above triangle resistance we will need to get past the elections, or perhaps a blowout NFP tomorrow. Bulls should take note of this long term triangle resistance.
Why Nailing the Perfect Entry Won't Make You a Winning TraderWhen I first started trading, I spent an absurd amount of time obsessing over the “perfect entry.” I believed if I could just pinpoint the exact right moment to enter, my trades would take off like clockwork. I’d spot my pattern, line up my indicators, and wait for that split-second trigger. But as
USDNOK-NEUTRAL SELL 6-hourly chart Heikin AshiThe pair is quiet and narrow ranges. The overall picture looks towards moving south, even though we have positive SMI and stochastic, but a slightly overbought RSI.
Strategy SELL @ 10.6500-10.6950 and take profit below 10.5350 for now. SL based on personal risk appetite.
USD BULLS are back and buying. Buy USDNOK
This Daily Chart of USD NOK shows the turnaround today of more buying of the Greenback across the currency's.
1HR Chart below:
USDNOK Very strong buy signal medium-term.The USDNOK has been consistently giving us excellent signals on this 2-year pattern with the last one (July 10, see chart below) being a buy that hit the 11.0000 Target:
This time the pair is again inside the 2-year Higher Lows Zone, while holding Support 1. The previous High was rejected on Re
Trade Signal: USDNOK Movement PredictionDirection: Sell
Enter Price: 10.4871
Take Profit: 10.40032667
Stop Loss: 10.61061667
We recommend entering a sell position for the USDNOK currency pair at 10.4871. The target take profit is set at 10.40032667, with a stop loss at 10.61061667.
This forecast is made utilizing the EASY
USDNOK Could Drop 6% as Central Bank Holds RatesThe Norwegian Central Bank has opted to keep interest rates unchanged at 4.5%, aligning with market expectations. This decision leaves USD/NOK near a key support level around 10.42, close to breaking below a double bottom pattern. This double bottom forms part of a larger descending triangle, which
USDNOK-BUY strategy 6-hourly Heikin AshiThe pair is likely going to move higher above the 10.6100 area en-route 10.7400 again.
Strategy BUY current 10.5700-10.5950 and take profit near 10.7150 for now. SL based on personal risk appetite.
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Frequently Asked Questions
The current rate of USDNOK is 11.08880 NOK — it has increased by 0.04% in the past 24 hours. See more of USDNOK rate dynamics on the detailed chart.
The value of the USDNOK pair is quoted as 1 USD per x NOK. For example, if the pair is trading at 1.50, it means it takes 1.5 NOK to buy 1 USD.
The term volatility describes the risk related to the changes in an asset's value. USDNOK has the volatility rating of 0.68%. Track all currencies' changes with our live Forex Heatmap and prepare for markets volatility.
The USDNOK showed a −0.77% fall over the past week, the month change is a 1.07% rise, and over the last year it has increased by 4.07%. Track live rate changes on the USDNOK 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 USDNOK 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 USDNOK technical analysis. The technical rating for the pair is strong buy today, but don't forget that markets can be very unstable, so don't stop here. According to our 1 week rating the USDNOK shows the buy signal, and 1 month rating is buy. See more of USDNOK technicals for a more comprehensive analysis.