FX_IDC:NOKSEK   NORWEGIAN KRONE / SWEDISH KRONA
46 1 5
I started to follow NOK             lately again, as first of all I think it is really undervalued in G10
(well, it has been undervalued and hated for 2 years now), and also because its volatility has become very low. Basically NOK             has been trading in a very thin range.

So if we see some short opportunity in EURNOK             , why not to examine NOKSEK             too?

Weekly:
- Ichimoku setup has changed to neutral: Kumo shades price ahead, Price is above Tenkan and Kijun, Tenkan/Kijun is weak bullish . Future Kumo started to tighten. 100wma is also down to 1,0180.
- Lower supp/res level is 0,98, upper resistances are ard 1,02 and 1,0385, finally at 1,08 (major long term trendline)
- EWO has managed to climb back to zero! It has not been here since May/2015!
- Heikin-Ashi weekly candle shows consolidation after bullish run from 0,98 to 1,01. haDelta/SMA3 is above zero line!

Daily:
- Short term trend is bullish!
- Ichimoku setup is bullish biased too, but needs to regain momentum . That would happen with a Price cross above Kijun Sen (1,00). Chikou Span is still above past candles.
- Heikin-Ashi shows indecision, with possible bullish continuation ahead. In case it prints a green candle and crosses back above Kijun, next target can be 1,02+
- EWO decreased, but still above zero.

Based on the daily chart I think 0,9930-0,9990 is a good risk/reward buy zone.
Initial stop below 0,9880
Kumowizard PRO
6 months ago
Remark: Long NOKSEK position is positive carry
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