USD-NOK
USDNOK Double TopWaiting on Price Action to Break Below therefore needing to retrace to its previous level that was broken (minor swap level). Proper Candlestick pattern will Confirm entry to the downside.
Top and Bottom Analysis on USDNOK by ThinkingAntsOkUse this as a guide to develop your own setup
Main items we see on the 4hs Chart:
a)Price Surpass the Maximum Historical zone and the re-enter to the previous levels (bearish Signal)
b)Currently, we can see a Consolidation Structure, this kind of structures can be considered as continuation patterns
c)We can see an interesting downside potential towards the Daily Ascending Channel
d)If you are planning on taking a trade on this setup, consider opening positions on the breakout of the Corrective Structure
e)You can Break Even on the First Support Zone
d)Consider the Daily ascending trendline as Target
Weekly Vision:
Daily Vision:
Trade Idea + Top and Bottom Analysis on USDNOK by ThinkingAntsOkUse this as an Idea to develop your own setup
Main Items we see on the 4HS Chart:
a)Price is on Maximum Historical Highs, this is an important Resistance Zone (check Weekly chart)
b)MACD divergence, this is a clear signal of the weakness of the current bullish movement
c)The Main Ascending trendline is broken and the price is making a pullback over that trendline
d)Currently, we can see a Wedge pattern structure, this type of formations are reversal structures
e)On the chart we have set Entry/Stop/Take Profit, this configuration gives a really good Risk Reward Ratio, Higher than 2:1 with a really good Stop
Multy timeframe analysis
Weekly Chart:
Daily Chart:
Short USDNOK @ 9.03024; TP @ 8.84975, SL your choiceShort USDNOK @ 9.03024; TP @ 8.84975, SL your choice
USD NOK SELL (US DOLLAR - NORWEGIAN KRONE)Hi there. Price is forming a continuation pattern to the downside. Watch strong price action at the current price for sell.
Usd/nok Sell Selling as price has come back to point of interest . This is a swing trade . So Day trade be mindfull.
Many Thanks.
USD NOK LongWe look at trend analysis to suggest that USD NOK may rebound to 8.78000
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USDNOK: 4H Rectangle. Scalp opportunity.The pair is ranged within a 4H 8.67182 - 8.80533 Rectangle and as long as 1D remains neutral (RSI = 51.622, ADX = 25.601, Highs/Lows = 0.0000) it will be an ideal scalping opportunity. Buy zone = 8.67182 - 8.69700, Sell zone = 8.7881 - 8.80533.
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Usd/Nok Buy Hi All ,
Buying the trend on this pair before the reversal . As you can see we have a strong bullish move & i expect price to touch the top of the range before advancing further .
Entry, Tp1 and Tp2 and SL marked on Chart .
Sl to entry as always .
Many Thanks.
USD NOK BUY (US DOLLAR - NORWEGIAN KRONE)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.
Sell the Green against NOKWhat are we trading here?
Norway is outperforming in the G10, unemployment falling while inflation exceeding expectations. As a result, interest rates are moving in favour of NOK. The hawkish surprise earlier in the week from Norges Bank suggested that more hikes are necessary has been supportive of the currency.
A key risk is Oil prices holding firm around current levels (starting to look less likely) and Norwegian data softening (not expected)
Best of luck all and thanks for the support with likes, comments and etc.
USDNOK: Long term outlook.This pair is trading on a 1W Channel Up (RSI = 56.066, MACD = 0.088, Highs/Lows = 0.0000) which is currently struggling to get past 8.8277. The danger of creating a Double Top rejection is valid and since we are inside the 1W Resistance Zone, long term investors should start considering a short. However until the Channel Up breaks we are targeting 8.8277 and 8.99500 in extension. If 8.40550 breaks we will short with TP = 8.04405.
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USDNOK: Short on the 4H Lower High.The pair has made a Lower High on the 4H Channel Down. With 1D a Channel Down also on bearish stochastics (STOCH = 35.614, STOCHRSI = 35.614) it is more likely to get a decline now towards a Lower Low. Based on the -1.40% metric, we have a short TP = 8.52100.
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USDNOK: Approaching a bottom. Strong buy opportunity.The pair has been trading within a long term 1W Channel Up (RSI = 55.524, MACD = 0.145) since last April and according to its neutral Highs/Lows (0.0000), it is near a Higher Low. Based on the Higher Highs/ Higher Lows measurements, the next Higher High is projected on a +6.50% rise at 9.0000. We are going long setting however a more modest TP at 8.82250 (practically the latest Higher High).
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USDNOK - double top short correctionAfter key risk-event (Norges Bank rate decision) technicals can take over the field at USDNOK cross. NOK is among most undervalued ccys based on trade-weighted fair value models + it seems crude oil is stabilising. From the USD side eco data came in weaker, that might push Fed to take a softer stance on future rate hikes.
#WTI #USOIL #USDNOK - Are you looking at this? Watching ThisLooking at the charts, I can see an opportunity to go #long #WTI #USOIL and if you wish #short #USDNOK, these markets have a correlation (not tick for tick), but you could do a play on a weakening dollar, NOK is typically oil pegged currency, it's very volatile, but you can reap rewards IF traded correctly. I am looking for a short-term bounce in #Oil and an opportunity to sell on the rally, in the meantime I am waiting for a break of 52.60 to initiate long to target the $60-$62.
USD/NOK 1H Chart: Previous forecast at workThe previous forecast worked, and the USD/NOK currency pair has reached the resistance cluster formed by the monthly R1 and the weekly R2 in the 8.5565/8.5889 range.
Currently, the pair is testing given resistance. Given that the exchange rate is being supported by the 55-, 100– and 200-hour SMAs, it is expected that the rate goes upwards to the upper boundary of a long-term ascending channel located circa the 8.7500 mark. Technical indicators for both short and long runs also support bullish scenario.
It is the unlikely case that some bearish pressure still prevails in the market, the US Dollar should not exceed the 200-hour SMA, which is currently located at 8.5056.
USD NOK Bearish Shark Pattern and Double TopShort position can be try with stop loss above the double top.
Stop loss and targets mentioned in graph.
USD NOK Bearish Bat FormationThere is a bearish bat formation. Entry price, targets and stop price mentioned in graph.
