The last TP = 6.0866 hit and CADNOK has since rose within the long term 1W Channel Up (MACD = 0.038, Highs/Lows = 0.0111, B/BP = 0.0930) which is now pulling back towards its potential Higher Low (RSI = 53.641) near 6.27730. That is carried out within a 1D Channel Down (green channel, Highs/Lows = -0.0262). Once the low is made, we will be going long, TP = 6.500.
TP = 8.12285 hit as the previous Head and Shoulders pattern on 1D evolved into a Channel Up (RSI = 62.333, Highs/Lows = 0.0042, B/BP = 0.0108). The Higher Low appears to have been priced on USDNOK so we are going long with TP = 8.55 but may close at 8.50 if we see enough Resistance by the previous Higher High.
TP = 13.4897 hit as NOKJPY hit the former Rectangle's 13.3513 support and even broke it to test the 1W support = 13.000. A strong rebound has followed that will either peak at 13.700 (if 1W is a Channel Down, MACD = -0.114, B/BP = -0.1600) or at the 13.8900 Resistance (if 1W honors the previous Rectangle sideways, RSI = 49.542, Highs/Lows = 0). After either of ...
CHFNOK is in the process of completing a Higher Low on the 1W Channel Up (RSI = 57.467, MACD = 0.092, Highs/Lows = 0.0650, B/BP = 0.0984). This can be a lengthy (15 session) process but eventually should reach the previous Higher High. We are long with TP = 8.7500.
As long as the 50 EMA on the 8 hour chart continues to act as resistence, we can expect NOK/JPY to fall.
It was not able to find support on top of it and thus, it may reverse back down after these few days of consolidation.
A pending order could be placed right underneaght the lows, that is at 13.2, so that you may enter right when the break down happens.
EURNOK is trading on a 1D Channel Up (RSI = 57.905, MACD = 0.040, B/BP = 0.0035) that is pulling back to issue a new Higher Low. Given the neutral Highs/Lows = 0, this is close, so we will be going long with TP1 = 9.800 and TP2 = 9.8500 in extension.
After scoring 2018 high at the 8.50 mark, the USD/NOK exchange rate has been declining since the middle August.
The pair has been following a short-term bearish channel. This lack of direction is caused by the 55– and 100-hour SMAs which are pressuring the rate from north. At the time of this analysis, both moving averages were located at 8.3588 and 8.3809, ...
NOKSEK is trading within a long term Rectangle on 1W (Williams = -53.421, CCI = 12.5397, Highs/Lows = 0.0000) with 1D indicating that at the moment the price is on the pivot (RSI = 51.985, ADX = 17.916) with both directions equally probable. We will be scalping within the Resistance (1.09456) and Support (1.07445) lines indicated in blue.
The most recent development of the EUR/NOK exchange rate is a breakout from the senior channel which occurred near 9.59 on August 16. This move has extended the pair’s three-day gain to 1.65%.
As a result, the Euro reached the upper boundary of a ten-week ascending channel at 9.68. Even though the price still continues to edge higher today, technical indicators ...
TP = 10.5800 as the 1D Channel Down on GBPNOK marginally crossed the previous Lower Low. As you see it is now limited to the resisting line, making repetitive Lower Highs under this mark, hence the neutral RSI = 52.471, Highs/Lows = 0.0000. We have place a new short now with TP again = 10.5800 and if crossed extension to 10.5000.
EURNOK has just posted a Lower High on the long term 1W Channel Down (RSI = 48.488, MACD = -0.015, ROC = -1.366). 9.500 is an important 1D support level and will be tested shortly to confirm the new bearish leg on 1D (now on neutral RSI, Highs/Lows). We are taking this opportunity to open a medium term short with TP = 9.38806.
The previous TP = 10.68907 was hit and as expected the 1D Channel Down on GBPNOK (RSI = 41.174, ADX = 24.685) has continued lower on a more steady pace and controlled bands (MACD = -0.023, Highs/Lows = 0, B/BP = -0.0513). We continue to short, TP = 10.5800.
NOKJPY is trading within a monthly Rectangle (RSI = 51.832, ADX = 21.125, CCI = 20.9692, Highs/Lows = 0) since early February (13.3500 - 13.900). Since July 10th it has been rejected 3 times on the Resistance so a short has been added, TP = 13.4897.
while people are stuck and excited on the big pairs .... and losing a lot of money, the best pairs are the forgotten ones. noksek is closely monitored by the swedish and norwegian central banks, so that there is no big deviation so no big losses on your account, and the moves are repetitive like a parrot. we have reached again a situation with a parallel UBB, MM ...
An interesting graphic situation on EUR-NOK 4-hour chart. It's likely a pullback on the blue trendline before an increase in the price up to the profit area at 9.5600/9.5700. Stop loss at 8.4390/8.4400.
USD/NOK is trading in a long-term ascending channel. The rate bounced off its upper boundary at 8.33—its highest position in 2018 - late in May.
Subsequently, the US Dollar initiated a new wave down towards the other senior channel line located circa 7.90. This bearish movement was stopped by the monthly S1, the 50.00% Fibonacci retracement and the 55– and ...
CADNOK is on a common Channel Down on 4H (RSI = 37.434, Highs/Lows = -0.0223, B/BP = -0.0495). It is now looking for the next Lower Low but is near two important 1D support levels (6.12584 and 6.0866). If they break then 6.04 will be the Lower Low. Our TP is the 2nd support = 6.0866 and we will pursuit 6.0400 with SL brought down on profit zone.
