CHFNOK LongCHFNOK is now net Long on the regression break.
I am considering this trade and what EA to use.
CHFNOK trade ideas
CHFNOK Net Long on Regression BreakCHFNOK is now net-long on regression break.
This pair appears to be in middle two zones.
I will not take this trade as there are other opportunities.
3/8 trap weekly short Look like it was moving to the upside for a bit but now seems to be moving down from my perspective. What do you guys think?
Trading Signal for CHFNOK: BuyTraders,
We have a new signal for the currency pair CHFNOK. Based on our analysis using the EASY Quantum Ai strategy, we recommend the following actions:
Direction: Buy
Enter Price: 11.98107
Take Profit: 12.03616667
Stop Loss: 11.91134667
Our prediction is based on several important factors.
1. Trend Analysis: Current market trends indicate a bullish movement for the CHFNOK pair. Historical data shows a strong upward trend which supports a buy recommendation.
2. Momentum Indicators: The momentum indicators, including the Relative Strength Index (RSI) and Moving Average Convergence Divergence (MACD), are showing positive signals. This suggests a continuation of the current upward momentum.
3. Economic Factors: The Swiss economy is currently performing well, with economic indicators such as GDP growth and employment rates favoring the Swiss Franc (CHF). On the other hand, the Norwegian Krone (NOK) is under pressure due to fluctuating oil prices, providing an additional boost to the CHF.
This comprehensive analysis using the EASY Quantum Ai strategy gives us confidence in recommending a buy position for CHFNOK at the specified entry price. Make sure to set your take profit and stop loss levels as detailed above to manage risk effectively.
Happy trading!
A NOKout in round 1 - Why the NOK will win 2024Over the past two years, the Norwegian krone has undoubtedly been one of the big losers in the FX market.
Not only has it embarrassingly been constantly beaten up even against the EUR and traded at an all-time low, no, since November 2022 it has bottomed vs. ALL G10 currencies.
This was hardly surprising as almost all fundamental factors spoke against the NOK.
However, the tide will turn dramatically in 2024:
NOK positive:
➡️ Energy prices appear to have bottomed out and could rise again🟢
➡️ The oil price seems to be stabilising around the USD 60-70 mark and could rise in the event of a soft landing🟢
➡️ January and February are seasonally positive for the NOK🟢
➡️ Norges Bank surprised EVERYONE in December by raising interest rates again🟢
➡️ Norges Bank enters 2024 as one of the hawkishest of the G10 central banks
➡️ A further rate hike by Norges Bank in early 2024 cannot be ruled out🟢
➡️ It would raise interest rates while virtually all other central banks would be in rate cut mode🟢
➡️ Norges Bank will drastically reduce its NOK purchases from January (as previously announced by me in the NOKSEK Tradeidee ), see here:
CHFNOK - BEARISH ABCD PATTERNCHFNOK has formed Bearish Harmonic ABCD Pattern. Stop Loss , Entry price and TP'S have been marked.
CHFNOK - Testing SupportCHFNOK is consolidating after a powerful down move.
It could be finding support as a base for an up move.
A failure of this support could lead to a price freefall to new long term lows.
CHFNOK - Possible Bullish ReversalHigher lows made in previous downtrend.
Could be a bullish turning point with a well defined failure of reversal and continuation of downtrend being the downward penetration of the previous pivot low
CHFNOK - Another bearish trendCHFNOK seems like going again for Bearish Trend as it has broken below recent HL level
CHF/NOK - Bearish Divergence & Double Top PatternCHF/NOK is showing Bearish RSI Divergence and formed a double top pattern. Expecting price to break the support and trend bearish.
CHFNOK 1H - Bullish TrendAnalysis:
CHFNOK is currently in a bullish trend. If price comes at Fib level 0.38, we can enter in a long trade. For this trade the stop loss will be at 11.27389 which is the previous higher low level.
------ Trade ------
Chart: CHFNOK
Type: Long
Entry: 11.34951
Stop Loss: 11.27389
TP1: 11.42513
TP2: 11.50075
CHFNOK 3/8 trap bullish outlooklooks like we are heading to the upside . might consider position trading this for longer term return.
Going short on CHFNOK
there is double TOP at resistance.
it respect strong resistance of 10.72208
Piercing candle form so it give bearish idea
CHFNOK Bearish Gartley PatternUpon completion of the pattern, it would be wise to look at price action in order to confirm if there are any valid short entries opportunities.
CHF/NOK Short From ResistanceThis has retraced back to resistance as expected, now there is the opportunity to short. If we see this rebound from this resistance and MACD remain below 0 and EMA's do not cross higher then this will drop. Target is 9.02671 where this should find support and bounce higher.
CHFNOK for a test of the support 🦐CHFNOK on the 4h chart is moving inside a descending channel.
The price is now consolidating between 2 structure and IF the market will break below, according to Plancton's strategy, we can set a nice short order.
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Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> <4h structure.
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 the Plancton0618 strategy will trigger.
