EURNOK Forex cross pair (Euro versus Norwegian Krone) has broken all time high again after months. A previous monthly demand imbalance gained control last June 2018 and this cross pair has been rallying ever since. Why has Norway’s Krone suffered the worst drop in half a century? Well, by doing supply and demand analysis on the monthly timeframe we can see that...
I am Expecting continue Fall in downside, All the Best SHORTERS.
Area of working until next seasonability of structural liquidity, between ATH of october 2019 and ATH 2014.
NOK got undervalued due to the OIL price decline Norges Bank interest rate: 1.5% vs ECB 0% -> carry favors NOK Inflation is also higher in Norway I went short on technical + fundamental factors coinciding.
in the name of ALLAH who is most merciful and the master...
Reversal pattern for EURNOK completed and ready to go. EURNOK analyze built reversal pattern what is a reversal pattern, Trend reversal patterns are essential indicators of the trend end and the start of a new movement. They are formed after the price level has reached its maximum value in the current trend. The main feature of trend reversal patterns is that...
EURNOK SELL ENTRY 10.1580 /// MODERATE 10% SL 10.17915 ( pips 221 ) TP 10.08605 ( pips 709 / RR 3.2 ) On 4H we have a solid contraction and we are pretty much at the top of it. RSI is at its highs too. On 1H we have a minor contraction supportin the sell idea with a decent rejection level. On the minute charts I see a reversal coming within this hour (in...
A very good time to update the short-term flow setup for CADNOK after such a brilliant squeeze. For those tracking the 2020 Macro flows: This week we have a simple technical move in play. A textbook case of "Apple in the worm" as it seems to me a poor choice of the moment for buyers to continue the advance. Extending the characteristics position (= swing...
Norwegian Krone became quite overpriced and we see the change in trends for the short and midterm. Entry: 9.86 Stop-Loss: 9.77 Target: 10.10 Have a nice week! Follow for more.
This pair has just come off a multi-year high. Does it really make any sense since Norway is pretty solid on cash and Europe is a mess? With oil at support, I am going to short this right shoulder.
The pair is trading within a long term 1M Channel Up (RSI = 53.878, MACD = 0.135, ADX = 43.274, Highs/Lows = 0.0000) since Q4 of 2017. At the moment the price seems to have found Support around the 1D MA200 (orange line) and withi the 1D MACD making a bullish cross over, is expected to rise. According to a similar fractal in January 2018, the High of that spike...
EURNOK and USDNOK both been in a prolonged downtrend with multiple swings and we have reached an important support/flip zone on the daily chart. Looking to see a reversal here and we already getting signs of trend exhaustion with a potential double bottom pattern and we could also create our first higher low swing here with a break above the highlighted...
4H Chart Explanation: - Price was on a Ascending Wedge. - It moved down towards the Weekly Ascending Channel after the wedge was broken. - Bullish CCI could be indicating a correction. - If price breaks the Ascending Channel, it has potential to move down towards the Support Zone. Daily Vision: Weekly Vision:
We can look for accurate Buy entry above the Support/Resistance Zone. The best trade will be after the false breakout and D1 candle will close above. Potential profit will be 3 times bigger than the risk. Push like if you think this is a useful idea! Before to trade my ideas make your own analyze. Write your comments and questions here! Thanks for your support!