USDNOK Sell and Buy entriesPattern: 1W Rectangle.
Signal: Scalping. Sell within the 1W Resistance Zone (8.7600 - 8.8200), Buy within the 1W Support Zone (8.4000 - 8.4700).
Target: Near the Support Zone for shorts, Near the Resistance Zone.
USDNOK
USDNOK bounced from support, potential for a further rise!
USDNOK bounced off its support at 8.67095 where it could potentially rise further to 8.72425.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
USO vs. USDNOK + divergence in Cash rate.Divergence in cash rate policy between US and Norway, creates an opportunity for shorting the pair.
US is expected to cut its rate, while slower economic growth is waiting to hit the dollar. Norway's economy is doing great, and therefore they expect to increase the cash rate.
also looking at USO vs the pair, as it have been highly diverge against each other. could though see oil lower as we are in driving season and a build is occurring, which means demand is low. entering on spot, with a hedge until a reasonable level to enter net short position for USDNOK.
Happy trade :)
#FXinsights USD inFOCUS w/ #TradingViewTOOLKITP.R.O. METRICS Price Action & Momentum +/- PIP POTENTIAL
P.R.O. Trading LEVELS
Key MarketDEPTH RANGE
USDNOK BACK AT SELL ZONEUSDNOK is back into the key daily lows where we could see sellers re-enter the market.
The USDNOK is currently trading within a weekly range and could see prices test the key lows
of the range in the demand zone labeled on the chart. With Oil prices on the rise once again the
NOK could benefit and gain strength. We will be looking for lower timeframe shorting opportunities
here of waiting for a daily bearish close to look for a short position.
USDNOK Carry on the SellingHi All ,
This was one of our Swings trade , Now we making the setup available for all to join the trend .
SL and Entry Marked TP open .
Many Thanks.
USDNOK TO FALL ON HIGHER OIL PRICESWe recently discussed a long opportunity on OIL and as prices push higher we
could look to buy the Norwegian Krona. The USDNOK has formed a lower low on
the daily timeframe and could head towards the key weekly demand zone.
We will be looking for retracements into key resistance zone for short opportunities.
USDNOK - Downtrend as simple as that. - SHORTDetails on chart and dont complicate the things.
Lose small and win big.
Pipdified.
USD/NOK BEARISH AB=CD 0.786Hello USD/NOK giving usd clear bearish AB=CD pattern which is confirmed by two harmonic calculations. It is projection AB ending around 0.786 fib and BC projection 1.618.
We have multiple rejection to push price above 8.78 area but be aware price can pump and immediately drop.
Target should be brown boxes at the chart.
1) 8.664-8681
2) 8.59-8.61
Stop above 8.802
Good luck
Dont forget to manage your position and set alerts in case quick moves. If you are advanced trader you can ladder up.
ANALYSIS: USDNOK BREAK OR BOUNCEUSDNOK is currently ranging on the 4hr timeframe after price rejected the weekly resistance zone.
In order to look for short opportunities, we need to see a break and close below this 4hr range.
We could look for early opportunities at the minor resistance.
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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ANALYSIS: USDNOK WEEKLY CHART SUGGESTS A REVERSALLooking at the USDNOK weekly chart we can see that price rejected the
key weekly highs. Despite the fall in Oil, the Norwegian Krona performed well,
this could be a sign of strength to come.
We will be watching the 4hr timeframe for shorting opportunities in line
with the weekly timeframe.
