Kumowizard
Short

Norges on hold. Get ready to enter shorts

FX:EURNOK   Euro Fx/Norwegian Krone
51 0 2
NOK             has been lagging too much. While all majors got stronger against EUR since Drgahi's last action, NOK             rather got stuck. This ccy has been the weakest among G10 for the last 1,5 years.

Norges Bank left key rate unchanged at 0,75 % today. Some bulls who believed in surprise cut, and dovish statement had started to unwind their longs already, but key reversal area is still a bit lower.

Weekly:
- Ichimoku bullish , trend bullish . - as goes the Oil             . However Price has been below Tenkan Sen (9 weeks avg) for last 4 weeks.
- Heikin Ashi: some early warning in haDelta + candle has a lower high.
- Lower key levels are: 9,20 / 9,00 / 8,80+

Daily:
- Ichimoku is neutal. Price has failed to break back above Kumo and Kijun sen 5 times!
- Bullish trendline is close to be tested ard 9,26. Kumo bottom at same level
- Key area is clearly 9,20-26 on the daily too. A break below this could accelerate selling.
- Heikin Ashi shows serious undecision: doji like candles in a row: Buls always try to push it higher then they fail. Today candle has very long wicks, with candle body mid at equilibrum of 9,35. haDelta has a bearish warning!

I sold some small after Norges decision this morning. Bigger size I would do only below 9,26 as we still need more confirmation signals!

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