ew-forecast

USDNOK Update II : USDNOK Expected To Go Much Higher

FX:USDNOK   U.S. Dollar/Norwegian Krone
On the Weekly chart we can see that wave 4 is completed, because of sharp impulsive action to the upward.
On the Daily chart red wave i may soon be finished, as trend already made four waves up, with black wave (v) still unfolding. That said, we can expect a temporary bearish retracement in upcoming days. After that correction we will expect another leg higher.

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