USDNOKI believe it is time to short USDNOK. The Oil bounces from 75.0 level and it is pretty significant. If it is sustained, USDNOK should be dropping as the US is the oil importer and the Norweigian economy stands mostly on oil. Talked about this in detail in the set-prep post a few days back.Shortby OrcChieftainUpdated 5
USDNOK will hit psychological as Oil approaches supportUSDNOK is strongly anti-correlated to the prices of oil. Although the US imports most of its oil from Canada, some of the oil producers there are owned by a Norwegian company. Then, the prices are moving globally with oil being one of the most traded commodities. Last time they USDNOK and USOIL both hit a psychological resistance, both reversed at the same time. USDNOK has fallen sharply from 9.0 level as oil has risen from a 65 level. Later on, the oil went for 200 EMA and USDNOK returned to 9.0 and bounced again. I don't see any fundamental basis for cheaper oil. Even if there are lockdowns, they will be fairly limited and then, the demand is bound to stay high. Even more so with Europe concerned about winter and Japan starting to use its reserves soon. So I find it very likely that Oil might stop and reverse at 75 or 70 level where the price meets 200 EMA, also. Of course, at that time, USDNOK will be around the level of 9.0 and that's when Norwegian Krona started to gain strength against US Dollar. When the price action on both pairs supports the idea, I will be shorting.by OrcChieftain2
USDNOK Target Price 8.93795USDNOK Exponential Moving Averages, Trend Lines, and Pin Bars In An Up Trend. Entry at the closing price of pin bars and rejection candlesticks. REPLAY Longby TradeLive-0
USDNOK Horizontal Support Levels USDNOK Horizontal Support Levels, Dynamic Support Levels, Diagonal Support Levels Longby TradeLive-0
USDNOK shortAfter breaking the SL I waited for a new position to be determined for shorts. The market is going down in the higher timeframe. I found out the position, price and opened a short. I set a target for the positionShortby TradeWave072
USDNOK IDEAThis is just an IDEA of #USDNOK As we can see the there is bullish trend which I drawby MoReel1
Elliott Wave Analysis: USDNOK Is Unfolding Three-Wave CorrectionHello traders! Today we will talk about USDNOK pair, its price action from technical point of view and wave structure from Elliott Wave perspective, as we see quite clear pattern. USDNOK made a five-wave bullish impulse from the lows, ideally as part of first leg (A), which has been followed by a three-wave A-B-C setback in wave (B). Well, now that is breaking back above channel resistance line, seems like wave (C) is already in progress, which can push the price up to 9-10 resistance area before bears show up again. So, be aware of more upside in upcoming days/weeks, just be aware of short-term intraday pullbacks. Trade well! If you like what we do, then please like and share our idea. Disclosure: Please be informed that information we provide is NOT a trading recommendation or investment advice. All of our work is for educational purposes only.Longby ew-forecast339
USDNOK Sell opportunity on 2H USDNOK Sell opportunity on 2H this looks a great setup Enjoy..Shortby jubba352
USDNOK looks high vs. crude oilIf you are bullish crude, a good way to express it right now is via short USDNOK. Following the VAR shock in early November, hedge funds have been forced to reduce popular positions (including NOK, which was a favored reflation trade). I think the VAR shock pain is mostly done and USDNOK and EURNOK should revert back towards the lows. Both pairs look around 1% too high to me based on simple fair value vs. oil. S&P 500 and gold at the highs add to the logic. bd This is for your information only. Not trading advice. Trade your own view at your own risk.Editors' picksShortby brentdonnelly_spectramarkets99132
USDNOK shortThe market continues its downward movement. I have designated the place, price and TP. I am waiting for the price to come back, the signal from the chart and the position to openShortby TradeWave071
USDNOK - BuyHello, traders This pair has the potential to go higher after breaking its wave-form If you have a similar trade, please comment below Good luck :)Longby UnknownUnicorn63600491
Road Map Eur Usd Fractal Road map , next rally for eur usd . Major trend is bearish but the next movement until the end of januaryby claudioiommi110
Fractal Correlation Eur Usd Fractal correlation Eur Usd and Usd Cad inverted and Usd Nok inverted time frame weekly - by claudioiommi0
Cynthia Robertson Quarter Points Theory Chart 2 of 4 USDNOKThis is a Quarter Points Theory Chart 2 markup of the USDNOK Forex currency pair. This is the product of a beginner just learning how to mark a chart using the QPT.Longby camandarobertson0
Nice trade 3rd touchThis is a great trade 3rd touch many confluence to enter. Pulled out now Nfp by EZIO-FX110
USDNOK: BUYMany of our setups for this week on USD pairs are leaning more towards a bullish bias. As you can see on USDNOK, if you drew a Fibonacci from low to high off the daily time frame, you can see that price closed right around the 50.0 entry level of the Fib last week, so if you take this idea, feel free to set your stop loss level and expect to take profit around 9.6932 .Longby cupofconfidence111
Double Bottom At Support And 200 Day Moving Average We're at a support and resistance zone and above the 200 day moving average attempting to make a higher low.Longby RizeSenpai1
USDNOK short-term sellTrend line M15 flat Price is pushing through support, that will turn into a resistance Entry at the retest Trailing stop loss Shortby UnknownUnicorn3382580222
BEARISH OUTLOOK FOR USDNOKUSDNOK Formed a double top structure on the daily timeframe and from there we saw a breakout of the neckline and yesterday the price retested the neckline. The daily candle close was a pinbar showing bears attempt to push the price lower. All this gave reasons to go short. What is your opinion on USDNOK?Shortby Erady_Pascal113
Idea on the zoneWe have a key area being respected i dont normally trade this pair but my predictions are bearish.by EZIO-FX110
USDNOK MONTHLY TIMEFRAME LONG OPPORTUNITYUSDNOK Reacted very nicely from our previous monthly support area and came back to retest the area again. Price structure remains bearish on the lower timeframes however on the bigger timeframes such as the weekly and monthly price remains above bullish structure. If price manages to hold current structural area or near the area, we can expect a good long swing trade opportunity. Keep an eye on it.Longby UnknownUnicorn96101080