Get started

USD/NOK

No trades
See on Supercharts
Overview News
Ideas
Discussions Technicals Seasonals Economic Calendar

USDNOK trade ideas

USDNOK-BUY strategy 4-hourlyt feels the pair has been behaving like a fixed exchange rate. we have range for many, many sessions, and this may discourage anyone for committing to a trend. The cloud is supportive with support 10.0400 (base cloud) and 10.1390 above cloud. The base- and conversion line are identical, and for the rest stochastic is NEGATIVE. The daily chart shows we are positive for higher levels to be seen. Strategy can be twofold: 1. BUY @ 10.1500 and place stop-loss @ 10.0250, and taker profit @ 10.3750 2. SELL @ 10.1900-10.2100 and place stop-loss @ 10.2350 and take profit @ 10.0575.
Long
by peterbokma
USDNOK: Confirmed Bullish Butterfly at Structural Demand LineUSDNOK is sitting at the Demand Line of an Overall Bearish Ascending Broadening Wedge Pattern that happens to align with the 1.272-1.618 PCZ of a Bullish Butterfly; along with that, we have PPO Confirmation, RSI BAMM, and a MACD Bullish Crossing. Given the scenario, I can see this trying to retrace up 50-88.6% of the Harmonic Range before coming back down and confirming a partial rise, after which we will then possibly have to look for opposing Bearish signals.
Long
by RizeSenpai
USDNOK-Mixed strategyIt depends to the overall purpose. If we look at the 3-hourly chart, we have resistance 10.0940 area DC top, and support GANN 9.9700 roughly. So we would play between those bands short-term. If take the daily chart, we got DC support below 9.9200 and for the rest we are open until 10.2100. Strategy 1 - SELL current @ 10.0750 and place stop-loss above 10.1025 profit @ 9.9850 Strategy 2 - BUY @ 10.0450-10.0700 and place stop-loss below 9.9200 and take profit @ 10.2075.
Long
by peterbokma
USDNOK-BUY strategy Daily chartThe pair as like all others hammered down due to CPI and PPI. Markets are always extending moves, and that creates challenges. The stochastic as well RSI show that there will be a turnaround the corner. We have moved below the regression channel, which in most cases will realign. Yes, its tough, but with the right leverage we whether the storm nicely and add current levels to create benefit. Strategy is ADD further between 9.9100-9.9500 again. Profit order for daily chart should be at least 10.3800 area or higher for now. Managed positions is always the key in such dramatic movements, that are overdone. Enjoy the ride.
Long
by peterbokma
3
USDNOK-BUY strategy Daily chartIt also has been a painful managed ride. The issue here, firm CPI and weaker US CPI etc. The ride down from above 10.80s and to the pre-CPI US numbers, was already a rich experience, and after we saw lows of 10.0950 area. The shorter time frames are heavily oversold and the 2-hourly has turn signals and we may see corrective action soon, is my personal view. Being LONG at earlier levels and managed, means we add at the lower levels with low leverage of course, or place proper stops is another protective way no doubt. Strategy BUY current @ 10.1000-10.1300 and take profit @ 10.2700-10.3000 for now. However, the correction could bringn us near 10.4500 overall, are my thoughts.
Long
by peterbokma
USDNOK Sell Opportunity: Anticipating Downside PotentialPair: USDNOK Entry: 10.46195 Stop Loss: 10.67581 (above fair value gap) Take Profit: 9.69620 Risk-to-Reward: 3.63 Strategy: Selling USDNOK as a short opportunity. Explanation: The decision to sell USDNOK is based on the anticipation of a potential decline in the exchange rate. Here are a few reasons why this is considered a short opportunity: Fair Value Gap: Placing the stop loss just above the fair value gap suggests that the price is near a level that is considered fair based on market analysis. This indicates a potential resistance area where sellers could take control. Technical Analysis: Additional technical analysis might indicate bearish signals, such as a breakdown of key support levels, bearish chart patterns, or negative momentum indicators. Traders may use these technical factors to support their short position. Fundamental Factors: Fundamental factors specific to the USDNOK pair, such as economic data, geopolitical events, or monetary policy decisions, might suggest a negative outlook for the US Dollar and/or a positive outlook for the Norwegian Krone. These factors could influence market sentiment and potentially drive the exchange rate lower. Risk-to-Reward Ratio: The risk-to-reward ratio of 3.63 suggests that the potential reward outweighs the potential risk. This means that the potential profit from the trade is 3.63 times the potential loss. Traders often look for opportunities with favorable risk-to-reward ratios to ensure that potential profits justify the risk involved. Remember, it is essential to conduct thorough analysis and consider multiple factors before entering a trade. This explanation provides a general overview but should not be considered as financial advice.
Short
by UpHighTrade
USDNOK long after false breakoutPrice broke the previous price structure located at 10,807 and making HH and HL. I will trade the retest of broken resistance, which will act as support. If you want to trade this idea, wait for false breakout and monitor the retest on lower time frames like 15M-30M or 1H. DO NOT ENTER earlier. If you don´t know what is false breakout, study. It doesn´t make any sense to enter earlier (because of the better price), you would just loose money. Green lines are TP, but also strong pullback areas, TP your trade partially. Wish you good luck. I´m not a signal service, don´t have 10K followers, do not selling anything. If you want to buy something, contact some signal service which will comment this idea. I share my own traded ideas. Check my previous ideas to know, what(and with who) you will trade.
Long
by Rendon1
1