Negative divergences. If...then...

FX:EURNOK   Euro / Norwegian Krone
40 0 4
- Ichimoku setup is neutral, until Price holds below 9,45 key level marked by Kijun Sen.
- Lower support/resistance zone is obvious, marked by 100wma and horizontal lines at 9,20-9,25
- Heikin-Ashi shows indecision, looking at haDelta I think price can not continue higher from here.
- haDelta and EWO             shows a very long term negative divergence.

- If price can not close above Kijun, then it will dip into the Kumo cloud in coming weeks, probably testing 9,20+ again.
- If price once closes below 9,20 support, space will open to 8,95-9,00 first, the move would be quick.
- If price breaks 9,20, then a huge Head and Shoulders pattern gets validation. In that case any spike back to 9,20 from 8,95-9,00 will have to be used to sell.

I think EUR will remain under pressure in coming weeks. This can support short EURNOK             positions.
The other important component is Brent Oil             , which is consolidating now. If it can't turn bearish really, then EURNOK             selling will be more agressive.

This trade idea is a long term play. Worth to follow!
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out