USDNOKThis pair hit me hard on wave (e) it ended in a strange way i was not expecting.Longby boss1900
USDNOK longI will be looking for another entry on USDNOK. Once market retraces to the blue line. Let's wait for nice reversal. HAPPY TRADING !!! Longby lelothemba220
7. USD/NOKInitially trade seemed good. Open a short position, price actually went down but later it entered into a period of consolidation. As the previous operation, there were clear signs of reversal. Sudenly, price reversed and got stoped out on SLShort00:45by davidelihk0
USDNOK-SELL strategy 3-hourly Heikin AshiThe pair has done its move for now, and I feel based on stochastic and other indicators, the tide may turn soon. I think we will correct back to 10.7350 short-term. Strategy SELL @ 10.8150-10.8500 and place SL above 10.9375 and profit order @ 10.7350. Shortby peterbokma2
Trade Signal Alert: USDNOKWe have identified a bullish trading opportunity for the USDNOK currency pair. Here are the details of the trade signal: Direction: Buy Enter Price: 10.8108 Take Profit: 10.85828667 Stop Loss: 10.72256667 Our prediction is based on the EASY Quantum Ai strategy, which leverages advanced algorithms and data analysis to forecast market movements. This Buy signal is supported by several key factors: 1. Technical Analysis: The USDNOK pair recently broke a significant resistance level, indicating strong upward momentum and the potential for further gains. 2. Economic Indicators: Recent economic reports suggest improving conditions in the US economy, which is likely to strengthen the USD against NOK. 3. Market Sentiment: Current market sentiment indicates a preference for USD over NOK due to geopolitical and economic uncertainties affecting Norway. We recommend entering the trade at 10.8108 with a Take Profit target set at 10.85828667 and a Stop Loss at 10.72256667 to manage risk effectively. Keep an eye on market developments and trade responsibly.Longby ForexRobotEasy0
USDNOK Buy opportunity above the 1D MA50.The USDNOK pair has been trading within a Triangle pattern for the past 2 years (since June 2022) and right now is consolidating right below the 1D MA50 (blue trend-line) after holding the Higher Lows Zone. Within this 2-year pattern, every time the price broke above the 1D MA50 following a bottom bounce, the new Bullish Leg was initiated. Our Target is 11.000 (just below the Lower Highs trend-line). ------------------------------------------------------------------------------- ** Please LIKE ๐, FOLLOW โ , SHARE ๐ and COMMENT โ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- ๐ธ๐ธ๐ธ๐ธ๐ธ๐ธ ๐ ๐ ๐ ๐ ๐ ๐Longby TradingShot6
USDNOK Is Looking For More Short-Term WeaknessUSDNOK is sideways for the last two years that looks like a larger triangle within uptrend. It's an ABCDE pattern where wave E can be in play as pair stops at the upper side of this contracting range. Ideally, market is coming down for a pullback within higher degree wave E, where pair can complete the sideways price pattern. So for now, seems like there is room for more weakness within a three-wave (A)-(B)-(C) decline to the lower side of a range. Wave (B) looks to be a bearish triangle pattern, unless it's going to be more complex, but sooner or later it can send the price lower within wave (C) of E towards to 10.30/10.00 support area. One of the reasons why USDNOK could face more weakness is also bullish looking Crude oil, which can boost the Norwegian Krone.Shortby ew-forecast112
USDNOK Simple Analysis/RunoverUSD weakness has fed into Scandinavian pairs alike many others. Current channelling has brought us to preferable support for long side entries. Exits come early similarly to the upside inline with these channels. Simple Tech rules to study.Longby WillSebastian1
USDNOK-SELL Strategy 4-hourly chartThe pair has srong resistance @ 18.7250 area, and I feel we may see a sharp move towards 10.3500 area in coming days/week. Strategy SELL current levels @ 1-6350-10.6700 and take profit first @ 10.4850 for now SL above 10.7750.Shortby peterbokma4
USDNOK-BUY strategy Daily chartThe pair is slowly breaking upwards, and especially we have violated GANN resistance, hence we should move towards 10.7550 area over time. Strategy BUY @ 10.5450-10.5800 and place SL below 10.4750 and profit @ 10.7150 for now.by peterbokmaUpdated 1
Technical Analysis of NOKUSD: A pressure cooker about to explodeThe weekly chart of NOKUSD reveals a descending triangle pattern, typically a bearish formation that often breaks to the downside. However, there is a notable divergence to consider: the Relative Strength Index (RSI) on the weekly timeframe is forming higher highs and higher lows, contrasting with the price, which is forming lower highs. This bullish divergence suggests that selling pressure may be waning and momentum could be shifting upwards. Should this divergence play out, it indicates a potential breakout to the upside, with a target of 0.11. Conversely, if the price decisively breaks below the support level and sustains that move, the downside target would be 0.078. Traders should monitor these key levels closely to confirm the direction of the next significant move.by mohsen2sharif110
USDNOK at 127% extensionIntraday Update: The USDNOK is at the 127% extension at 10.4900 level, the 61.8% longer term support is just below at 10.47, divergent RSI's intraday may suggest a near term bounce. Longby ForexAnalytixPipczar0
False breakdown of USDNOK23 May: Intraday Update: A possible false breakdown of the USDNOK and hold of the longer term 50% retracement at 10.59 may allow for a squeeze back to the 10.7500 level now. Longby ForexAnalytixPipczar0
USD/NOK- 1D- Bullish Butterfly PatternOn Daily time frame, Bullish Butterfly Reversal Pattern is appearing. Prior to Point C, a bearish divergence and Double top also appeared causing the Price to move in downward trend. If Price chart makes another LL below 10.68962, above which a support level also exists and price may bounce back a bit, then SHORT trade is in order. One can take the trade deep up to 9.4 price level as well, if pattern plays perfectly. However, I'm taking trades on safer side with risk/reward ratio: 1 and 2 for two trades respectively. My trade values are depicted on Price Chart. Shortby Golden_SpurUpdated 2
USDNOK bearish wedge ahead of PPIIntraday Update: A bearish wedge break below the 10.79 level should put the 10.69 level in play which is also channel support. Shortby ForexAnalytixPipczar0
USDNOK One of the best sells in the market.The USDNOK pair has formed a cyclical top on the 1D time-frame and is currently pulling back towards the 1D MA50 (blue trend-line). This level has been supporting since March 14 2024. If broken, we expect a a 2nd dip to the 1D MA200 (orange trend-line) as well and as it pierces through the (green) Ichimoku Cloud, stage a dead-cat-bounce back at its top and the 1D MA50. That should give way to the 2nd part of the Bearish Leg towards the 2-year Higher Lows Zone. Our target is on the top of that Zone at 10.400. Take profit earlier if the 1D RSI breaks below the 30.00 oversold barrier before the price reaches 10.400. ------------------------------------------------------------------------------- ** Please LIKE ๐, FOLLOW โ , SHARE ๐ and COMMENT โ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- ๐ธ๐ธ๐ธ๐ธ๐ธ๐ธ ๐ ๐ ๐ ๐ ๐ ๐Shortby TradingShot4
shortthe price approach resistance zone and failed to penetrate . I am with the bearsShortby dimitrisss2771146Updated 0
LONG 4/18/24Daily uptrend, 4hr demand entry targeting near prior October highs, 5:1 RR.Longby aidankelleher112
USDNOKOn the monthly charts we have a confirmed bearish trend. Presently, on the monthly charts, we have a bullish correction that we can trade. On the weekly charts we have a shift in order flow confirming our bearish bias though its a long term view. We have an impulsive bearish move that has necessitated a bullish correction to clear previous disequilibrium. On the daily charts we have a minor shift in order flow from bearish to bullish that we seek to trade.Longby morrisgitauUpdated 4
Make That Money Signals Buy for $USDNOKMTM has printed a 30m buy signal. Currently retesting confirmation candle. 1.5RR with trade shown based on previous demand/supply zones. Longby LukensFinanceUpdated 6