USD/NOK Round 5.61.8%
Old SR
4H EMA
3 Confluences points.
Order in at 61.8% ( not filled )
SL above 10.60
Target: Lower parallel channel projection.
USDNOK trade ideas
USDNOK: Descending TriangleI think DXY may lose some ground in the next few weeks, to where no one knows
against NOK there seems to be one of the clearest patterns
a descending triangle, confirmed by the volumes on NOK Futures
I expect a clear break below 10.40 and confirmation volumes on the futures, even if on the descending triangle they are not essential
Krona should benefit from weakening Dollar.
USDNOK H4 23-10-22:
- Norway is making huge profits replacing Russian gas to EU at elevated prices
- If Dollar is going to weaken, Norwegian Krona should take advantage
- Looking for a to push lower to 10.00 (minimum)
- 10.00 = MS1 = Previous Month Open
- Convincing break and close below BUY-VWAP is confirmation
- Convinsing break above Sell-VWAP is invalidation of setup
.
USD/NOK End of trend round 5.USD/NOK
Price have traded outside of the current channel and fell back inside printing a potential blow off top.
Have re-entered 1/3 size on this setup too.
I dont like opening a fresh trade friday afternoon and holding over the weekend.
My Weekly Analysis 47 Pt. 2I go through my currency pairs and analyze them while listening to music and talk to you guys.
*not a financial advisor*
USD/NOK End of trend. 4th AttemptIdea based on previous thesis.
Entered 1/3rd of my position.
Will enter the remaining 2/3rds of the position IF i am right about the trade.
Hiding my SL above 11.04
USDNOK Bull Market | Trend LineExpect USDNOK to increase. Watch for buying opportunities for USDNOK currency pair.
USD/NOK End of trend. 3rd shot.USDNOK: Price has been in a uptrend, i am going for a double top/SR play on this one.
1H Closed below SR so 1/3rd of the position is now short.
IF price breaks down from this area i will use fibs from recent high to the new lows and go for a fill at 61.8% fib to add the other part of the position.
USDNOK idea (19/09/2022)USDNOK
We expect the rise to continue in the medium term, targeting 1.382 percent at prices of 10.7305, and it may extend to 1.618% at prices of 10.9623 to end wave (iii). this rise continues since trading is above the support point of 9.7775
My Weekly Analysis 44 Pt. 2I go through my currency pairs and analyze them while listening to music and talk to you guys.
*not a financial advisor*
USDNOK Can Fall Hard If Neckline Is BrokenUSD came down last week as sentiment changed when ECB raised rates by 75bp, so it appears that the USD will now give some moves back as other CB trying to follow the FED. We have also seen some rally on crud, as demand can increase as we approach the winter. Higher crude oil will have a positive impact on some commodity currencies, like NOK, CAD and even MXN, especially during the USD weakness. As such, we have decided to look at the USDNOK today as this one can have the most downside potential.
On a daily chart we can see that price came nicely higher last year, but recovery from 2021 low is overlapping which normally means it's a corrective price action. We see this as a higher degree pause in wave B that can be coming to an end after recent turn down from Fibo. cluster resistance area. The divergence line on the RSI also suggests that bulls can be done, especially if we consider the Head & Shoulders top formation. However, a trendline near 9.6 must be broken to confirm lower prices into the third wave of a decline.
USDNOK $USDNOK Long ScalpUSDNOK $USDNOK Long Scalp. TPs on chart. 50-200X leverage. Choose your own SL.
USD / NOK idea (31/08/2022)USDNOK
We expect more rise in the coming period since prices are above the support point of 9.45605, and we expect it to target prices of 10.0599 in wave ((iii)), and an extension may occur in the third wave and reach prices of 10.3552
My Weekly Analysis 41 Pt. 2I go through my currency pairs and analyze them while listening to music and talk to you guys.
*not a financial advisor*
USDNOK; Technical Resistance at 10.00USDNOK looking for higher resistance it seems. The 61.8, former wave two, and c=a at 10.00- psychological lv. Looks like a nice spot for bears up there. Crude also doing its thing, but should watch the reaction to EU reform of the power market.
Grega
usdnok buyusdnok buy .. head and shoulders .. buy above the resistance 1 and 200ma ... possible target resistance 3 ...
My Weekly Analysis 40 Pt. 1I go through my currency pairs and analyze them while listening to music and talk to you guys.
*not a financial advisor*
USD/NOK: The downside prevails as long as 10.0570 is resistance USD/NOK the price after a Long bullish trend, now it started to create lowers swings with the price standing below its 20 and 50 periods moving average. Our Bias is for a new bearish trend.
