I think DXY may lose some ground in the next few weeks, to where no one knows
against NOK there seems to be one of the clearest patterns
a descending triangle, confirmed by the volumes on NOK Futures
I expect a clear break below 10.40 and confirmation volumes on the futures, even if on the descending triangle they are not essential
We expect the rise to continue in the medium term, targeting 1.382 percent at prices of 10.7305, and it may extend to 1.618% at prices of 10.9623 to end wave (iii). this rise continues since trading is above the support point of 9.7775
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,...
We expect more rise in the coming period since prices are above the support point of 9.45605, and we expect it to target prices of 10.0599 in wave ((iii)), and an extension may occur in the third wave and reach prices of 10.3552
➡️ Oil usually rises and falls with the stock market because the prices of both markets are like a proxy for economic activity. But in recent years, these relationships have collapsed. Oil growth may continue to outperform.
Stock markets fell and oil prices held. It is more likely that oil will continue to outperform equities on a cross-asset basis. If you are in...
USDNOK reached the top of the Price Channel and seems to move nice down again to the bottom of this channel. Using the 4H charts with Pivot Point SuperTrend and Price Channel.
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The main view of this trade idea is on the 2-Hr Chart.
There appears to be an upward trend channel developing for USDNOK. Higher lows are observed around the 8.63 and 8.76 price levels. Higher highs are seen around the 9.00 and 9.10 price levels. Expectations for the fx cross to continue higher in the trend channel, taking USDNOK towards 9.35. A...
Hello Dear Traders,
You find below my analysis for USD/NOK, the currency pair is in the sell zone. I expect the price to fall. According to my set of rules, in the M30 frame USD/NOK will fall to 8.88 as I am showing in my chart. Our Daily Goal is 8.86.
Currently, USD/NOK is moving towards the resistance level 8.98,where there is some liquidity from this value...