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InvestingScope

EURNOK: Buy opportunity on the Rising Wedge.

Long
Euro / Norwegian Krone (FX_IDC:EURNOK)  
InvestingScope  
FX_IDC:EURNOK   Euro / Norwegian Krone
Trend Analysis Chart Patterns Technical Indicators EURNOK EUR NOK euro norwegiankrone Forex Currencies currency pairs
12
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trendanalysis chartpattern indicator eurnok eur nok euro norwegiankrone forex currencies currency pairs
The pair is trading within a 1W Rising Wedge (RSI = 59.298, MACD = 0.080, Highs/Lows = 0.0000). Yesterday not only it made contact with the Higher Low trend line, but also touched the 1D MA50 (blue line). This indicates that the price has more probabilities to rebound towards a new Higher High. Our Target Zone is 10.400 - 10.500.





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