The US Dollar has been appreciating against the Norwegian Krone in a channel up since late August.
During this period of appreciation, the pair managed to reach its six-month high of 8.4161 on December 21. After that, the bearish sentiment took over and thus allowed for a breakout of the aforementioned long-term channel earlier this week.
It is expected that...
The US Dollar has been appreciating against the Norwegian Krone in a channel up for the last four months. The trading range within this pattern, however, shifted upwards when the rate failed to reach the bottom channel boundary three weeks ago. The same situation occurred last week.
As apparent on the chart, the Greenback was trading between 8.2523 and 8.3509...
The common European currency has been appreciating against the Norwegian Krone in an ascending since late September. This pattern has guided the pair up to the 9.9156 mark—its highest level during the past several years.
Apart from this channel, the pair is likewise trading in a junior one valid since November 21. Its slope is relatively steep; however, as...
The USD is waking up and this cross seek higher prices.
This maybe a good entry point for the next target of a bull trend
The market pressure long term (+1.8) and short term (+5.5) give us the information that the cross is pushing up
After reaching the 2016/2017 low of 7.7018 on September 8, USD/NOK started a period of recovery in an ascending channel.
If looking at the current situation, the pair’s latest wave down began two weeks ago and it is gradually leading the US Dollar towards the bottom boundary of the previously-mentioned channel. This movement has been stranded in a falling wedge....
The common European currency is trading against the Norwegian Krone in a channel up valid since mid-July. The latest test of its upper line occurred on October 31.
Along the way, the rate entered another patter—a descending triangle. The general characteristics of this pair suggest that the rate should break out to the upside.
The rate hindering near the upper...
USDNOK broke the moving average, suggesting a potential trend change. This in tandem with October's monthly bull candle gives me enough reason to believe an up trend is about to begin.
My orders are placed at fibonacci retracement levels 1.0, 78.6, 61.8, 50.0, 38.2, 23.6. and 0.0.
Each order contains a 30 pip stop loss and no take profit target.
These trades...
The common European currency is trading in two ascending channels against the Norwegian Krone. The senior pattern formed around mid-August and has since stranded the rate in a slight upward momentum. The junior one, on the other hand, has been valid for two weeks, having provided two confirmations on each side.
Following a surge mid-Wednesday, the Euro is...
The US Dollar has strengthened against the Norwegian Krone since mid-August, thus forming a channel up.
If looking at the pair’s movement during the past two weeks, a junior ascending channel could also be distinguished. The Greenback is trading near the lower boundary of this short-term pattern, suggesting that a reversal might be in sight. This assumption is...
not every SHS pattern looks like textbook
so check out this ugly friend of a SHS at Usd Nok..you can clearly spot a transition in price movement
waiting for a neckbreak n close to long this pair
The EUR/NOK currency pair has been stranded in an ascending channel in force since mid-July. The latest confirmation was provided in this session when the price halted near the 9.33 mark for the second time in two days.
Being a bullish pattern, this ascending channel should guide the pair for an upside breakout that may occur next week. However, the latest two...
