USDNOK trade ideas
USDNOK reversed from resistance, potential drop!
USDNOK reversed off its resistance at 9.17150 where it could potentially drop further to 9.11730.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
USDCAD broke a key support level, triggering the drop down to next major support!
USDCAD could potentially drop further to 1.31520.
Trade Idea on USD/NOKTrade Idea on USD/NOK based on US-NO yields and rising wedge on the weekly. The Krone is usually in lockstep with USOIL, which I expect to drop early December (ARAMCO IPO holding it up and inventories showing lack of demand).
Target 8.95 demand zone. 200 pips, yes, please
USDNOK - developing structure to the downsideThis structure may imply that the idea with EURNOK will need a revision with respect to the correction that is taking place (likely to be extended).
With this instrument the structure looks like wave C is missing, and the move up that started on the Nov 18th, is in three waves. That is, most likely, a part of an ending diagonal, that will complete a larger three-wave corrective pattern.
Good luck and take care!
USDNOK reversed from resistance, potential drop!
USDNOK reversed off its resistance at 9.15980 where it could potentially drop further to 9.11730.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
USDNOK - Under pressureUSDNOK (1H) - short term bearish bias
Following its failure to rally above the major resistance of 9.2100, the US dollar went into a sell-off. The overshot RSI was a clear sign of an ever-extension. As buyers struggled to defend the support area of 9.1200 sentiment has turned downbeat as longs bailed out of their positions. The bearish MA cross is a confirmation that the exchange rate is likely to stay under water for a few days. We expect the price to test the previous low of 9.0600.
Key support: 9.0600
Key resistance: 9.1600
USDNOK SHORT TRADE - PINBAR SIGNALHey traders,
We can see on the daily chart that bulls tried to push price up today but failed.
Bears seem to be in control as USDNOK looks to make a further move to the down side.
Stop loss set above the pin, and risk to reward target is 1.5
Simple price action and analysis!
USDNOK reversed from resistance, potential drop!
USDNOK reversed off its resistance at 9.15980 where it could potentially drop further to 9.09960.
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 9.13316 where it could potentially drop further to 9.07535.
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 9.12254 where it could potentially drop further to 9.07535.
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 9.08402 where it could potentially rise further to 9.13655.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
$usdnok (4h) Eventual Head and ShouldersOANDA:USDNOK
"10 Nov:
Now rejecting the weekly resistance forged at 9.16481 after printing the new daily fractal above it, at 9.20410, forming one eventual right shoulder. Default targets below one broken neck projected around 8.86950, right at the weekly fractal support, which is positioned at 8.87520."
- at Forex Analytix
