The EURNOK pair is currently testing the 1D MA200 (orange trend-line), being at the same time supported by the 1D MA50 (blue trend-line). This ranged trade is the Higher High after the pair bottomed on December 27 2023 and started rising within a Channel Up. Based on the similar bottom rebound after the July 25 2023 Low, we expect the pair to reach the 0.5...
USDNOK is trading inside a Channel Up for almost four months, with the 1D MA50 supporting as the medium term Support. The very healthy bullish 1D technicals (RSI = 62.188, MACD = 0.074, ADX = 41.092) indicate that the current price action will lead higher so we are buying into today's strength and aim at another +4.60% rise (TP = 11.500). ## If you like our free...
The USDNOK pair is trading within a 1 year Channel Up with the price above both the 1D MA50 (blue trend-line) and 1D MA200 (orange trend-line). Last week's rejection on the 0.786 Fibonacci retracement level is similar with the one in March 16 2023, which after pulling back to the 1D MA50 and was contained above the 0.382 Fibonacci, it reversed upwards to a new...
The EURNOK pair has topped on the long-term having made a Cycle peak on the week of May 29 2023. So far however, the 1W MA50 (blue trend-line) has (nearly) held twice as Support, but both rebounds failed to cross above the 0.618 Fibonacci level. This price action is very similar to the previous Cycle peak of March 2020, leading to a 1W MA50 rebound that again...
Hello Traders! On The Daily Time Frame The USDNOK Price Reached A Supply Zone (10.72880-10.78004). Currently, The Price Failed To Create a New Higher High 📉 Moreover, The Support Line is Broken ! So, I Expect a Bearish Move📉 i'm waiting for a retest... ----------- TARGET: 10.39030🎯 ___________ if you agreed with this IDEA, please leave a LIKE, SUBSCRIBE or COMMENT!
Hey Traders👋🏻 On The Daily Time Frame The GBPJPY Price Broke The Resistance Level (11.01162-10.81908)✔ Currently, The Resistance Level Becomes New Support Level📈 So, I Expect a Bullish Move📈 i'm waiting for a retest.... ----------- TARGET: 11.63630🎯 ___________ if you agreed with this IDEA, please leave a LIKE, SUBSCRIBE or COMMENT!
Hello Traders👋🏻 The USDNOK Price Reached a Resistance Level ✔️ The Price Failed To Create New Higher High and formed an Ascending Channel✔️ The Support Line is Broken 🔥 If Price Stays Under The Key Zone, USDNOK Can Continue The Bearish Move 📉 ----- TARGET: 10.53000🎯 ___________ if you agreed with this IDEA, please leave a LIKE, SUBSCRIBE or COMMENT!
Hello Traders 💖 On The Daily Time Frame The USDNOK Price Reached A Resistance Level 10.55525-10.60426 ✔ Currently, The Price Broke The Key Level (Resistance Level Becomes New Support Level) If Price Stays Above The Key Zone, USDNOK Can Create New Higher Low and Continue The Bullish Move 📈 ----------- TARGET 1: 10.68262🎯 TARGET 2: 10.74918🎯
Many bearish signals on the Oslo Boers right now-- at support on an ascending wedge, at neckline of head and shoulders (at a monthly lower high), top of h&s made an hourly double top against resistance that has been steeply rejected twice this year. NOKUSD is weakening temendously and maybe the European oil price cap is impacting the OBX's major holdings (Equinor,...
Parallel Channel formed on EURNOK Weekly Time Frame. Enter a long position.
USD came down last week as sentiment changed when ECB raised rates by 75bp, so it appears that the USD will now give some moves back as other CB trying to follow the FED. We have also seen some rally on crud, as demand can increase as we approach the winter. Higher crude oil will have a positive impact on some commodity currencies, like NOK, CAD and even MXN,...
USDNOK Entry Price 8.99460. Take Profit 9.19408.
EURNOK price closed above 10.13905. Watch for a bullish price action signal to go long.
USDNOK Entry Price 8.93270; Take Profit Price 9.01454
USDNOK Exponential Moving Averages, Trend Lines, and Pin Bars In An Up Trend. Entry at the closing price of pin bars and rejection candlesticks. REPLAY
Hello traders! Today we will talk about USDNOK pair, its price action from technical point of view and wave structure from Elliott Wave perspective, as we see quite clear pattern. USDNOK made a five-wave bullish impulse from the lows, ideally as part of first leg (A), which has been followed by a three-wave A-B-C setback in wave (B). Well, now that is breaking...
EURNOK TREND DIRECTION: Down LEVEL: Support Resistance 10.41230; EMA 10 10.39341; EMA 20 10.39977; Fibonacci Retracement 50% 10.41493 SIGNAL: Pin Bar DATE and TIME: 16-AUG-2021 16:00