NOK
EURNOK - Opportunities! Not my usual choice, but if there's a good clean set-up I will go ahead and analyse it further.
EUR/NOK - Will the bullish momentum continue?
Technical Aspect:
- Pattern wise - Looks like inverse head and shoulders.
- As long as its above that trend-line up the bulls are still in control
- This trade idea, could reach towards 161.8 areas
As the market moves in waves, nothing goes up in a straight line - Pull back is due EUR looking very over extended.
There's various options you could take:
- Do the pull back towards this trade
- Wait for the pull back and then advance towards next resistance areas.
Please keep in mind below that key trend-line up the bears are in control - only until then!
Remember: Just an idea, not a recommendation.
Have a great weekend ahead.
USD/NOKTime to go long USDNOK.
Playing fib levels up.
Bullish divergence on RSI.
And hitting long term resistance on the higher timeframes.
EURNOK Trading PlanPattern: Triangle on 1D.
Signal: (A) Bullish if the Resistance breaks, (B) Bearish if the Support breaks.
Target: (A) 11.800 (0.5 Fibonacci retracement level), (B) 10.000 (the Lower Support).
** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. **
Storebrands strong dividends to support 56 NOK price tag?Storebrands operates in banking, asset management and insurance.
The insurance segment has filled up its coffers according to the solvency II regulation, meaning there should be plentiful of cash accessible in the future for dividends which should interest investors looking for good cash flow and dividends.
The trade is not a super exciting trade but feels like a rather certain one at current prices which is low by historic standards.
The main risk with the trade is negative interest rates which could affect the insurance operations negatively. The main opportunity is a change in investor sentiment towards companies with strong cash flow and dividends.
I set my first price target at 56 Norwegian crowns (NOK) which is around recent highs. My stop loss is set beneath the trend line (see the chart) and beneath recent support at 48 NOK.
Long term I believe that the Storebrand will trade higher, perhaps reach 60 NOK in 2020. However, the path there is not very likely without retracement. I will use retracements as buying opportunities provided that the overall trade fundamentals remain intact throughout 2020.
Suppressed salmon prices to force MOWI ASA to 165 NOK?MOWI ASA (MOWI) is the world's largest producer of Atlantic salmon with operations in Canada, Chile and Europe. Being a salmon producer, the company is highly sensitive to the price of salmon. The price of salmon has been decreasing in 2020 and now trades at circa 5.15 euros per kilogram of salmon. The suppressed salmon price should affect revenues negatively which, short term, could press the stock price down further.
Trend, stop loss and price target
I believe a trend has formed from the June high 2020 to present date. If this belief is accurate, the trend line should act as a good place for a stop loss at 179.50 Norwegian crowns (NOK).
In the same spirit, I set my price target at the July lows of 165.15 NOK.
Risks
Increase in salmon price (for example due to speculation) while MOWIs sales remains high.
Decreased global salmon production while MOWIs production remains high.
Increased demand of salmon, for example due to markets opening up for MOWI.
Opportunities
Decrease in salmon price.
Decreased production, for example due to disruption in production.
Trade restrictions, for example due to virus outbreak.
NOK JPY SELL (NORWEGIAN KRONE - JAPANESE YEN)Hi there. Price is forming a continuation pattern to the downside. Watch strong price action at the current levels for sell.
NOKSEK: Aiming for the Support.The pair is trading within a 1D Channel Up (RSI = 48.456, STOCH = 47.038, MACD = 0.001, ADX = 30.430) which is currently neutral as it is aiming for a new Higher Low. That can be on the 0.9585 Support, which is our current target on this pull back.
** If you like our free content follow our profile to get more daily ideas. **
Comments and likes are greatly appreciated.
EURNOK Bullish IdeaAt the opening of the market I'll be speculating price reaction as price makes its way into the triangle looking for Long Confirmations.
Patience will play a big role in this pair as I expect price to take the majority of traders into an emotional rollercoaster, candle stick confirmation, Risk/Reward & Price Patterns will play a big role in this entry if reached.
USDNOK Buy SignalPattern: Triangle on 1D.
Signal: Bullish as the RSI is forming a bullish pattern which since the Channel Up started in March 2018, it was a sign of a new High.
Target: 9.800 (Higher High excluding the COVID candles).
Most recent signal:
** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. **
EURNOK Short - FlashcardEURNOK Short
Direction: - Pair is in Bearish Order Flow and has Bearish Momentum on the H4 and Daily.
- Pattern formed in the Bearish H4 OB (Order Block).
Entry: - W (Double Top) Pattern Formation.
- Divergence occurred.
- RSI crossed volatility bands (Shark-fin), indicating a drop in the pair.
- RSI near the 68 (exhaustion zone), indicating pair was overbought.
- 13 EMA cross on second leg of pattern confirmed drop. This is my entry.
- MBL (Market Base Line) curved downwards after entry, confirming drop.
- 800 EMA showed resistance to the pattern.
Exit: - 40 pip SL @ above high (top of H4 OB).
- 71 pip TP @ day close. Did not go to original TP, however I do not like holding trades for more than one day, so I closed the trade before the day ended.
AMT Long ideaAMT is a 5G play. It's been stuck in consolidation. If it moves out of this box, it will be a good gainer. Buy here, or look to get in at the lower part of the box. I think it goes higher instead of retesting the lower box area.
USDNOK a continuation of the bearish trend? 🦐After the long downtrend the market retrace till the 0.382 fib level and now it create a lower high lower low.
IF the price will manage to break the structure we can set a nice sell order with the target at the yellow trend line which support the upper trend line on the 1d chart.
–––––
Here is the Plancton0618 technical analysis , please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of Plancton0618 strategy will trigger.
GBPNOK Sell SignalPattern: Channel Down.
Signal: Bearish as the price is below the 1W MA20.
Target: 11.1000 (potential contact with the 7 year Higher Lows trend-line).
** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. **
Previous GBPNOK signal:
NOKSEK | LONG | Dabbling in something exoticGot a signal to go long.
Buy Limit
Price: 0.9777
SL: 0.9695
I'm not a financial advisor. If you seek financial advice look within your local area.
NOK the time for the action?Even the NOK has some potential for growth in the days to come, primarily due to 5G steps the company is taking, at the moment this set up is SELL.
MA200 is as always strong resistance, and the RSI level is signaling a potential price reversal. In the case of 5% price drop, NOK is worthing taking under consideration for a long play.
NOK JPY SELL (NORWEGIAN KRONE - JAPANESE YEN)Hi there. Price is forming a continuation pattern to the downside. Wait for the price to complete the pattern and watch strong price action for sell.
ridethepig | NOK Market Commentary 2020.05.21A very technical environment here with Germany away from their desks, support clearly defined at the 10.8x lows while resistance towards 11.05x will cap the highs.
With Crude starting to reach interesting levels for sellers the NOK rally will begin to unwind. The supply side can rebalance as much as they like, it will not offset the demand shock:
EUR/NOK Long biasAccording to my set of rules, this set up I am showing in my chart is a high probability setup. we have large bullish candles, meaning there is a lot of buying orders. I'm not 100% sure it gonna go up from that zone. no one does, this is a probability game. so use proper risk management, I recommend 1%. Also, this can go a lot higher than what I have placed witch is a 1:3 RR. the reason I put 1:3 RR is so that you don't let your emotions control you and get all greedy.
I also have a youtube channel if you guys want to check Me out.
you can find me if you search Harley Lucatero
NOKJPY: Long term trading plan.The pair is trading within a standard Channel Down on the 1W chart (RSI = 38.708, MACD = -0.485, ADX = 41.103) since 2013. Three weeks ago it made contact with the Lower Low trend line of the Channel Down and priced a Lower Low. Naturally it has been rebounding since and is close to the 0.382 Fibonacci (14.000 as the High).
The sequence is similar to the last Lower Low it had in June 2016, which after touching the 0.382 Fib, got rejected back to its 0.618 and then made a top on the 0.5 (from its November 2014 High). If the same sequence is replicated, then we should use the 0.5 - 0.618 Fib range (9.850 - 10.150) as the Dip buy Zone and buy every pull back towards the 0.5 (11.500). Then every rise will be the opposite, i.e. a sell opportunity towards 9.000.
** If you like our free content follow our profile (www.tradingview.com) to get more daily ideas. **
Comments and likes are greatly appreciated.
NOK JPY BUY (NORWEGIAN KRONE - JAPANESE YEN)Hi there. Price is forming a continuation pattern to the upside. Wait for the price to complete the pattern and watch strong price action for buy.
