In this update we review the recent price action in the USDNOK and identify the next high probability trading opportunity and price objectives to target
Please take care and observe NOK's price action of the coming week. MACD looks set up well for a Bearish zero line MACD/Signal cross. It's been my observation that when this set up is realized there is a large move to the downside that generally follows. Watch for this week's close to maintain or exceed $4.00 A close below $4 level without significant bullish...
The Norwegian Kroner continues to strengthen against the U.S Dollar. Higher Crude Oil prices are increasing the demand for the commodity-linked Norwegian Krone. The Dollar is weaker due to lower interest rates and the negative balance in the U.S Current account. In the video we look at selling the exchange rate, with take profit targets, stop loss, and entry...
Requested video breakdown of $NOK $OSTK! Happy Thanksgiving!
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...
In this video update, we take a look at Brent Crude Oil as the weekly suggests we could see further upside next week. If the current weekly candle closes back within last weeks range we could see the market move back towards 75.00. We were expecting the price to test the 38.2 Fibonacci retracements however this looks unlikely now with current price action.