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NOK

Eurnok Short At Major SupportANALYSIS AND RESEARCH: We can say that it is moving in clear consolidation zone and for most traders this area is more interesting for trend reversal trades and it acts like the same so in our opinion if it drops more and breaks below lower trend Line then we can expect it to drop more towards the flag possibly. Eur on overall basis acts as weak pair so keep an eye on that as well. Extra News Related to this Pair: According to zukumati sarkoshi our cheif analyst saying that if it drops below the lower major support it is armageddon for eur/nok pair let us see which way it will fall.
Short
by Muze
USD/NOK viewI suggest that traders short the Norwegian Krone against the USD for the following reasons: /dx has broken out of its ~2yr consolidation pattern amid Trump's fiscal stimulus promises and subsequent repricing of the Fed's hiking cycle in anticipation of higher US growth and inflation. NOK remains highly vulnerable to /cl as >50% of Norway's exports are energy-related (34% = crude petroleum and 25% = petroleum gases). Potential OPEC-inspired oil volatility and vulnerability (if a strong cut, or any cut at all, fails to materalise, which is my personal base case given recent rhetoric from Saudi Arabia; namely words to the effect of, "balancing can occur without cuts") will weigh heavily on NOK, sending this pair much higher. On a more long-term level, oil and gas companies in Norway have drastically cut spending forecasts for 2017, deepening what was already a record reduction in offshore investment. Main risk to the trade is OPEC cutting production significantly (or at least creating that perception to markets). In this case, I would use the opportunity to buy USDNOK at lower levels as any material increase in oil prices (to around $55-$60 on a 'strong cut') will enable US shale producers to "come online" (with lag, of course), aiding supply and sending /cl to near current levels again. It is very difficult to envisage a world in which oil comfortably sustains above $60 under current conditions. A token OPEC cut will not change this, I do not believe. $DB is gunning for 9.05000 by Q2 '17; $GS and $MS also want around 9.00000 with time. I personally look to buy this pair on dips.
Long
by jamiegleave
EUR/NOK breaks major support 9.2570, good to go short on ralliesNorway's core inflation surged to record highs in July, dampening Norges Bank’s rate cut speculation. The Krone has surged after inflation data release. EUR/NOK hit multi-week lows at 9.2094. The pair has broken major trendline support at 9.2570 on the daily charts, we see scope for further downside. 50-DMA at 9.3507 is major resistance on the upside, while 9.1970 is next major support on the flipside. Good to go short on rallies around 9.2500, SL: 9.3510, TP: 9.1970/ 9.1550/ 9.1375
Short
by FxWirePro
USDNOK potential bearish cypher pattern Will be looking to enter a short position at 8.84658 if the cypher pattern holds up. Stop loss is based on previous structure as indicated by the red line. Take profit is based on Fibonacci levels. Unfortunately the risk/reward isn't the best I've ever seen, but I will still be looking to take this trade. Fundamentals Aren't any particularly exciting fundamentals to support this cypher pattern, although based on the current consolidation of crude oil (Norway's economy depends strongly on oil exports) as well as uncertainty in the US economy, an up and down move is definitely not unreasonable.
Short
by olly_price
WTI Crude Continues Down, Therefore NOK Continues UP! Bonjour, Do you guys remember the trade in USD/NOK? If not, here is the link to remind you: We've since taken a similar trade ... mainly based on the fact that WTI Crude is seeing more downwards pressure after a small rally. Congrats to all of our members, and do you know if you should stay for profit target #2 or not? By joining our ever expanding trading family you'll know... À bientôt, Maxmillian DuPont (www.myfxlifestyle.com)
Long
by Maxmillian
1
Clear breakout in USD/NOKBonjour, today our "VIP" members took an aggressive trade in the USD/NOK pair. After noticing the downwards trend bottoming out, we opened two long positions on a breakout @ 8.7525. Scaled out of the first position at 8.7925 and closed out the second at 8.8270. Both positions were closed out early, it runs out. However, we stuck to your predetermined risk profile and rode this one out for a great trade that pocketed us 1145 pips in total. Congrats to all "VIP" members in the room today. À bientôt, Maxmillian DuPont (www.myfxlifestyle.com)
by Maxmillian
What heads of Nokia will do in the future?I think, Nokia had bad time. But something tells me Nokia does not want to fall at all. They try to touch the market wt new step of them strategy. I remember how HPQ turned up and reached more than 100% even more people /me included/ though how HPQ ends. So if Nokia shows us a comeback, it should be interesting to buy. Also can helps successful Greek solution which is behind the door by the way. Despite the fact that technically, it looks down after breakdown the support.
NYSE:NOKLong
by Ghost_Twitts
A good long term buy & hold opportunityNokia is looking interesting once again a year after Microsoft's acquisition, a leaner and reinvented business structure. It could present a good long term buying opportunity from here. Significant interest on the N1 tablet in China. ( pocketnow.com ) Record 2014 deals in india involve the modernization of 2G and 3G networks, 4G deployment, WiFi solutions, security solutions and device management. Relatively low p/e ratio relative to other technology stocks in the US. 8.3 p/e Sustained earnings over the past few quarters Nokia HERE maps powers four out of five factory-fit navigation systems in North America and Europe Trove of mobile-related patents that even Apple and Samsung have to pay for I'll be looking to pick it up over the next few days after having sold my Nokia shares bought at $2.5~3 range at $7.7 after Microsoft acquisition a year ago. In the sea of overpriced technology stocks, it seems that European related tech sector are pretty underpriced right now.
NYSE:NOKLong
by LastBattle
2