Get started

Euro / Norwegian Krone

No trades
See on Supercharts
Overview News
Ideas
Discussions Technicals Seasonals Economic Calendar

EURNOK trade ideas

Tilt to the downside after better regional survey dataWeekly - No change: - neutral, with bearih bias ahead - for H&S validations mkt should clear and close below 9,20 Daily: - consolidation below Kijun Sen. Lower high. Kijun holds nicely. - haDelta crosses below its SMA3, haOscillator may turn down - EWO is bearish I still prefer overweight NOK in portfolios, as this ccy has the best relative value in G10. I just increased shorts. They have serious pick up in inflation, macro datas recently beat, just like the Regional Survey today! Country virtually has no debt, rating is "AAA" (and it is a real AAA :-) , and instead of consuming their future, they invest into their future! Carry of short EURNOK position is small positive too.
Short
by Kumowizard
EURNOK: HnS TOP. TARGETING KEY ZONEDAILY: ____________________________________________________________________________________________________________________________________________________ Im currently doing trading, full time for a living. And would like you to share in my private funds managment. If you have capital of not less than $50 000USD. You can send me a mail to moorekapital@gmail.com or PM me for a discussion today! Otherwise, turn to NAKED TRADING ROOM- www.tradingview.com for crispy fresh calls THANKS FOR "like"
by moorekapital
Let's see if catches momentum. Hold shorts, trail stops!If you read my Twitter posts, you saw I sold more EURNOK yesterday. It looks like all bearish supports hold nicely, and finally it may get some momentum to hit first target around 9,00 +/- within next couple of weeks. Weekly: - Ichimoku is neutral (everything is locaed in spot Kumo cloud), with bearish bias ahead (bearish Kumo twist 26 weeks ahead is firming slowly) - Increasing chance for validation of Head & Shoulders pattern, which would be very bearish, with possible target to 8,45 later. - MACD is bearish, both lines are below zero - EWO is bearish, maybe it will show some momentum gain soon. - Heikin-Ashi may gove a weekly sell signal: haDelta/SMA3 bearish cross below zero. Daily: - Ichimoku has bearish setup with clear supports at 9,32-9,36 range. Averages all point down. Actually the 9,32+ support held very nicely last week. - Heikin-Ashi sell signal was obvious from bearish support. Long doji candle with haDelt quantification gave the early warning for bearish continuation two days ago. Last two candles and haOscillator confirm. 9,15 local low is in focus now Strategy: hold 1,5-2 unit shorts. Trail strategic stops to 9,39-9,41 from previous 9,45-9,47 area. We may lighten up position a bit around 9,00 if we get there.
Short
by Kumowizard
Update - Next wave downWeekly: - Ichimoku gains more bearish momentum. While spot price is still in the Kumo cloud, we have a bearish Senkou Span cross (Kumo twist) 26 weeks ahead. Price turned down sharply from Kijun Sen and made a lower low! All averages point down now (Tenkan, Kijun and their average Senkou A). - Heikin-Ashi pattern is bearish with strong momentum. - Major Head & Shoulders pattern may be validated this or next week with neckline break. In this case long term measured target comes around 8,40-8,45. - EWO ticks into negative zone - MACD bearish cross below zero! Daily: - Ichimoku setup is bearish, with support at 9,3250. - Heikin-Ashi is swing bullish, but the momentum of reactive pull back is dropping -> see haDelta/SMA3 cross. haOscillator will likely stay below zero too. - EWO is bearish. I simply like increasing my short EURNOK position on these spikes. I think this trade can be very interesting for the next 5-6 months. Please read my previous post to see how this setup and trade has been developing.
Short
by Kumowizard
5
5,000-6,000 pips of profit setting up here!EURNOK will do nothing for MONTHS and them WHAMMOOOO it goes crazy! Well this time crazy is awesome because it's helping confirm the big daily head and shoulders pattern we have. We are looking for a 5000-6000 pip move here, large stops are required (above 9.50 right now) but much larger profits are expected. The break and retest will be good to help us get into this trade. More details on this will unfold at ondemand.daytradersfx.com
Short
by JaredJJohnson
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
EURNOK - possible long trade EURNOK has fallen to great support just above 9,20 area, including horizontal support and a long trendline since the bottom since april/may this year. For now, we might have seen a whipsaw of possible longs, as the price was below trend support. If the price manage to go above the trend and close higher than current level, we might see a possible rebound. Long trade setup: Entry around 9,23-9,25. Stop if we close below 9,21 on a daily basis. target is set to 9,40.
Long
by ACROFX