Going into the end of the year, I believe this is a good trade. we are not at the 61.8 fib retracement and acting weak above the moving averages. First trade small and I will add even on the upside until I have a full position
Trend Analysis The main view of this trade idea is on the 2-Hr Chart. There appears to be an upward trend channel developing for USDNOK. Higher lows are observed around the 8.63 and 8.76 price levels. Higher highs are seen around the 9.00 and 9.10 price levels. Expectations for the fx cross to continue higher in the trend channel, taking USDNOK towards 9.35. A...
Trend Analysis The main view of this trade idea is on the 2-Hour. The fx cross USDNOK appears to have found support around the 8.7 price level, as the countertrend move in the currency appears to have ended. This produces an opportunity to go long USDNOK with initial resistance observed around 8.9, which can be an initial target for the fx cross. Technical...
Short NOKJPY @ 13.02; TP @ 12.76, SL your choice
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Looks like a short into a continuation wedge
Hi friends the daily chart of this market shows that it will experience a downward trend in the next few days but at the same time you must be vigilant of the change of this market towards the opposite direction please subscribe to receive more analysis
Bull moves on the lower levels.
CADNOK has make some interesting trend switches, that may afford trading opportunities. I explore the probabilities. This is not a recommendation to trade. Your losses are your own.
The price bounced from Mirror Level 6.61925 and made a pullback.
Hi there. Price is forming a continuation pattern to the upside. Wait for the price to hit the bottom of the pattern and watch strong price action for buy.
I show a rare trend switch on CADNOK for the south on the daily time frame. This usually means business. CADNOK is a very violent pair to trade but potentially one that can deliver. Wide stops and big account sizes are needed.
Hi there. Price is at the top of the pattern (b wave) for one more down move (c wave). Watch strong price action at the current price for sell.
eurnok break the support zone, next target: 9.64 possible the price drop to next target support zone: 9.44
Strong upside momentum has driven the USD/NOK exchange rate since late March. The pair had appreciated 8.60% until it peaked near the 8.32 mark on Tuesday. It likewise breached the prevailing one-year channel on the same day. As a result, the US Dollar shot up to the 8.32 level and subsequently fell back to the breached senior channel. During the past few weeks,...