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Norwegian Krone vs Japanese Yen

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NOKJPY trade ideas

NOKJPY - Buy Setup from Key SupportFOREXCOM:NOKJPY is currently at a significant demand zone that has historically attracted buyers, triggering bullish reversals. This support level has been pivotal in past price actions, forming a solid base for potential upward momentum. The appearance of a strong bullish candle reinforces the setup, suggesting the likelihood of an upward movement, with a target around 13.7785. However, if the support level is breached, the bullish sentiment could fade, allowing for a possible decline. Traders should remain alert in this zone for signs of buyer strength before taking long positions. Proper risk management is critical to mitigate the risk of losses.
Long
by TrendDiva
2
Trade Alert: NOKJPY Pair Analysis and SignalDirection: Sell Enter Price: 13.596 Take Profit: 13.49333333 Stop Loss: 13.79033333 We are issuing a trade signal to sell the NOKJPY pair at an entry price of 13.596. The take profit level has been set at 13.49333333 and a stop loss has been placed at 13.79033333. This analysis has been conducted using the EASY Quantum Ai strategy. Reasoning for the Signal: 1. Technical Indicators : Our technical analysis shows a bearish trend supported by multiple indicators including Relative Strength Index (RSI) and Moving Average Convergence Divergence (MACD), both suggesting downward momentum. 2. Support and Resistance Levels : The pair has recently tested significant resistance levels, failing to break through, indicating a potential downtrend. 3. Market Sentiment : Current fundamental analysis indicates that economic data from Norway and Japan favors a weaker NOK against JPY. This signal is based on comprehensive data analysis using the EASY Quantum Ai strategy which factors in both technical and fundamental indicators to provide an informed trading decision. Please ensure you manage your risks appropriately and adjust your portfolio based on your risk tolerance. Happy Trading!
Short
by ForexRobotEasy
NOKJPYIn the 4-hour timeframe, a bullish signal emerged as the 13 Exponential Moving Average (EMA) crossed above the 5 EMA, indicating potential upward momentum in the currency pair. However, caution is advised due to the Trade Development Index's Fast Moving Average (Fast MA) surpassing 20, suggesting overbought conditions. Furthermore, Fibonacci Retracement analysis aligns with a bearish outlook, confirming a potential downside target. Utilizing pivot points for guidance, a calculated Take Profit level can be established to capture potential gains. Traders should consider these technical indicators collectively to make informed decisions and manage risk effectively.
Long
by robinhoood
NOKJPY | Daily Outlook | Trade IdeaLooking at the Norwegian Crone/Japanese Yen (NOKJPY) daily chart we can see that it has been ranging for a while after bouncing of our key price level at 12.250 a few months back and has been consolidating since then after failing to break above 12.880. Now looking to the right we can see that NOKJPY just broke out of our current consolidation and if it manages to close below 12.600 I’ll be looking to hold my sells all the way down to 11.620 with my stops at 12.800.
Short
by mosa_moshka
Noki Noki NokiWassup, wolves🔥 There is a ready to trade formation for you! The price is slightly falling on a bigger frame. It could be a good signal for bear-traders. According to Elliott Waves theory all the waves are done and now the price is heading to the breakout. However do not rush the trade and look for breakout. There was a bearish fakeour already. Follow the chart and look for the best price to enter carefully. According to the situation on the market we do not predict price direction, we should react according to the breakout. _____________________________________________________ If you enjoy my FREE Analysis , support the idea with a big LIKE👍 and don't forget to SUBSCRIBE my channel, you won't miss anything! Feel free to leave comments✉️ And always remember: "we don't predict, we react".
Short
by Berzerk_invest