FX:EURNOK   Euro Fx/Norwegian Krone
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Those who follow me on Twitter, already saw a similar chart from me about EURNOK             . Now I add the weekly too, plus I'll have some more notes.

Weekly:
- The big trend is bullish , but we may experience further counter trend wave towards stronger supports
- Ichimoku picture is bullish ... or is it turning neutral? It will be decided if we finally see a decisive candle close below Kijun.
- Stronger supports below Kijun are: 100WMA and Senkou B (Kumo bottom) ard             9,00-9,05 and the major trendline ard             8,80+
- Heikin-Ashi still showed undecision last week as candle had both upper and lower wick and a very small body, but price action was bearish on friday, which ended in a red body finally. Price has not managed to move back above Tenkan Sen (9 weeks avg) for 4 weeks, however still could not close below Kijun either.
haDelta/SMA3 crosses down at zero, this suggests bears may get stronger momentum.

Note: bearish divergences are always nice to realise and examine, but as you can see in both haDelta and EWO             , divergences can develop and exist for extremely long time! Divergences alone can not be traded!

Daily:
- As it often happens, the initial bearish Kumo break did not have an immediate follow through at beginning of March. Bulls tried everything to push back price above 100WMA and 9,50-9,51 key supp/res lvl             , but they failed 14-16 times!!! (that is like trying for almost every trading day for more than 3 weeks!)
- Heikin-Ashi signals turned bearish last friday, with strong momentum. In case price clears 9,30-9,35 resistance, selling will accelerate down to 9,00-9,10 zone.
- EWO             is still neutral/starting bearish .

As I wrote on Twitter, I have been holding sometimes more sometimes less EURNOK             short for several months now. I think it is time to hold more! If someone doesn't like selling EUR ag NOK             , can still do another relative value trade, long NOKSEK             , which I also called for on Twitter few days ago.

p.s.: Of course the whole success depends a lot on Brent Oil             price action, as Norway is one of the world's biggest oil             producers, but recently I see Oil             price well supported by buyers.


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