NOKEUR trade ideas
EURNOK - 240 - It broke the downside lineTrade Alert
As you can see, EURNOK has broken its short-term downside resistance line and moved slightly higher. This increases the pair's chances to move further up, where we could target the levels, at least seen around mid-May.
Please see the chart for levels, targets and the alternative scenario.
Don't forget your stop-loss.
EURNOK - 240 - Short-term ideaTrade Alert
EURNOK managed to move back up to its short-term downside resistance line. We are now waiting for the next move from either the bulls or the bears. We will keep an eye on the potential breakout levels (highlighted), before getting comfortable with further short-term directional moves.
Please see the chart for levels and targets.
Always have your stop-loss in place.
EURNOK : Norges Bank is most likely raise rates in JuneScandinavia’s richest corner breaks global central banking mold - Bloomberg -
As much of the world’s central banking community goes into a defensive crouch, Norway is signalling it’s ready to deliver multiple interest rate hikes.
Governor says March forecast may imply 2-3 rate hikes in 2019
Norway’s oil wealth is allowing it to buck the global trend
Near-term Levels As described on the chart.
I will share the detailed report later.
Waiting sell signal on EURNOKThe EURNOK shows that is it on a downtrend on daily timeframe
Therefore I am expecting it to touch the outer trendlin since the inner trendline has been broken meaning it is going to re-test on the resistance
zone at 1.74046 and should make a touch on the outer trendline.