USDNOK trade ideas
usdnok sell tradeThe USD/NOK pair is currently facing some *support* near the 10.7500 level, which coincides with the 61.8% Fibonacci retracement of the last major upswing from 9.5385 to 11.2836. This level could provide some temporary relief for the pair, as some buyers may step in to take advantage of the lower prices
USD/NOK (USDNOK=X) Live Rate, Chart & News - Yahoo Finance. finance.yahoo.com
USDNOK Pull-back in full motion. Buy it.The USDNOK pair is trading within a 1 year Channel Up with the price above both the 1D MA50 (blue trend-line) and 1D MA200 (orange trend-line). Last week's rejection on the 0.786 Fibonacci retracement level is similar with the one in March 16 2023, which after pulling back to the 1D MA50 and was contained above the 0.382 Fibonacci, it reversed upwards to a new Higher High just below the 1.236 Fibonacci extension. As a result, we will buy the current pull-back and target 11.5000.
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USDNOK-SELL strategy 4-HourlyThe pair is overbought, and a too steep ascend, I feel.
The stochastic is negative, and RSI is overbought (not shown due to lim9tation of chart. Suppose to be 3 on chart for basic and now 2 lol ). Anyway, it will do the job trying to provide some ideas for my fellow tradingview friends.
Strategy SELL @ 10.9750-11.0500 and take profit @ 10.7850. SL above 11.1250.
USDNOK-BUY strategy 4-HourlyThe pair is positive short-term, and same as my build model, we are on BUYING side currently.
The stochastic is positive supported by GREEN AO which is above zero line even. This suggest we should see higher prices in the short-term.
Strategy BUY @ 10.7750-10.8200 and take profit near 10.9350 for now. SL let's say below 10.6850 for now.
USDNOK-SELL strategy 4 hourlyThe pair looks a little confusing, but I feel overall we may see south due to the fact we got a rising triangle pattern. Further, negative across the board. We need to overcome the support levels to break.
Strategy SELL @ 10.7300-10.7850 and place a stop-loss above 10.9250 and take profit @ 10.3850 for now.
USDNOK, Major Head-Shoulder-Formation, Here Is How It Completes!Hello,
Welcome to this analysis about USDNOK and the 4-hour timeframe perspectives. In my recent analysis, I discovered some interesting signs forming in USDNOK which are important for the upcoming determinations. As when looking at my chart now we can watch there how USDNOK is about to complete this major head-and-shoulder-formation with the left shoulder and the head already completed and now USDNOK is about to continue with the right shoulder in the structure which will finalize likely as there is a main local resistance-zone marked in my chart in red from where USDNOK is likely to pullback and continue to complete the right shoulder in the schedule. Once USDNOK is below the 65-EMA in green and the 35-EMA in red the whole formation is likely to complete as the EMAs already formed a bearish crossover. Once USDNOK finally breaks out below the neckline as it is marked in my chart USDNOK will have finalized the whole formation and it will be the appropriate setup for the continuations to the downside as well as activation of the head-and-shoulder-target-zone marked in my chart in blue within the 8.62 Usd level. Once the target-zone has been reached the situation needs to be elevated anew and if USDNOK manages to firstly stabilize in the structure or sets up a further continuation to the downside, it will be an interesting and important development ahead.
In this manner, thank you for watching my update-analysis about USDNOK and the main head-and-shoulder-formation likely to complete and activate targets in the upcoming times, support the analysis with a like and follow or comment for more market insight!
"The high destiny of the market is to explicate, rather than to speculate."
Information provided is only educational and should not be used to take action in the market.
USDNOK - BEARISH MOVE 📉Hello Traders!
On The Daily Time Frame The USDNOK Price Reached A Supply Zone (10.72880-10.78004).
Currently, The Price Failed To Create a New Higher High 📉
Moreover, The Support Line is Broken !
So, I Expect a Bearish Move📉
i'm waiting for a retest...
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TARGET: 10.39030🎯
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USDNOK-SELL stragegy Daily chartI feel we may see lower levels in the near term. If we can respect 10.7200 and 10.9200, likely we will see a test of 10.2300.
The GANN resistances are the ones we should observe, and further, when protected by them, we should see south of the border.
Strategy SELL # 10.68--10.7200 and again higher @ 10.9075. Stop-loss above 10.95 and profit at 10.2750 for now
USDNOK-SELL strategy Daily chartThere is strength in the pair, and USDZAR has come back as well in strength. However, we are near GANN resistance 10.7400 and 10.9200. The stochastic is high 90.0 so I suspect we must carefully continue to SELL the pair. It is difficult to change view point in this case, since we did not correct the pair as yet, as the conditions have not changed technically, is my viewpoint.
Strategy SELL or ADD @ 10.7850-10.8250 and place stop-loss above 10.9750. Profit order @ 10.3250 for now.
USDNOK-SELL strategy daily chartNo change in view. We are protected well at GANN resistance above 10.7500, which is slowly declining. The stochastic is negative, and RSI is POS.
The pattern suggest we should see lower, and considering the NOKZAR cross, this paiur should hit south as well, same as USDZAR did in the near term.
Strategy SELL @ 10.58-10.65 and place stop-loss now above 10.75. Take profit @ 10.3750.
USDNOK-SELL strategy daily chartNo change in view. we are in a wide playing field 10.2300-10.7600 within the GANN angle
The stochastic is negative and RSI is positive but at the higher end, but not extreme. Basing on the large move seen in the past, we should seek SELL side is my personal view.
Strategy SELL @ 10.5900-10.6500 and place stop-loss above 10.7675 for now. Profit order @ 10.2950.
USDNOK-SELL strategy weeklyThe pair also had a strong run last weeks after break of GANN resistance @ 10.3200 area.
Now we are in overbought territory and likely a pullback is possible. The RSI is overbought, and stochastic is showing signs of turnaround.
Strategy SELL @ 10.6500-10.7200 and place stop-loss above 10.7800 for now. Profit order @ 10.3500.
Exploring Minor Trends in Trading
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USDNOK-SELL strategy Daily The pair is still locked in within the wide range 10.0800 - 10.3800 rounded. The pattern is a continuation pattern (quite likely), and this means we should look SELL in to rallies.
The stochastic is negative as a note.
Strategy SELL @ 10.25-10.35 range and take profit @ 9.8350 with a stop-loss @ 10.4100.
note: am away for 10 days roughly and may not always update.