USDNOK to reverse from its upside confirmation at 8.95097 where it could potentially drop further to 8.86434. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
Gartley pattern completed on daily chart , short USDNOK Gartley back to back pattern, let's see how it goes .
USDNOK bounced off its support at 8.82486 where it could potentially rise further to 8.99299. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
USDNOK expected to rise up to 1st resistance at 8.79163 where it could potentially react off and drop down to 1st support at 8.73839. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
AS PRICE LAST WEEK WENT DIRECTLY UP WHAT I DIDNT EXPECT, WE COULD BE LOOKING NOW AT THIS SETUP. I BELIEVE NOW MARKET MAKERS HAVE ENOUGH LIQUIDITY TO CHANGE DIRECTION, AS MANY BUYERS WILL BELIEVE WE BROKE OUT AND COMING BACK FOR A RETEST TO CONTINUE. BUT BE AWARE AS WE HAVE ALSO FUNDAMENTALS COMING ON THIS WEEK ON USD. USE ALWAYS GOOD RISK MANAGEMENT!
USDNOK to reverse from its downside confirmation at 8.68724 where it could potentially drop further to 8.65682. *Disclaimer.* Trading leveraged products carries a high level of risk and may result in you losing substantially more than your initial investment. Pepperstone Group Limited is licensed and regulated by the Australian Securities and Investments...
USDNOK to reverse from its downside confirmation at 8.72425 where it could potentially drop further to 8.68724. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
BUTTERFLY FORM ON USDNOK D1 ENTRY... 8.7804... SL.. 8.807.. TP... 8.46785
Hi there. Price is forming a continuation pattern to the downside. Watch strong price action at the current price for sell.
USDNOK to climb from its upside confirmation at 8.69565 where it could potentially bounce further to 8.72425. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
LITTLE PREDICTION ON THIS PAIR. FIRST IM WILLING TO SEE HOW PRICE REACTS AT THE LIQUIDITY POOL. BUT I BELIEVE IF WE MANAGE TO CLOSE OUR WEEKLY CANDLE AROUND THE BLUE ZONE WE COULD SEE SOME MORE UPSIDE POTTENTIAL, AND WE COULD BE LOOKING AT A NICE BULLISH SETUP FOR THE NEXT WEEK. IF YOU SHORT THIS PAIR AS I AM GIVING FIRST A SELL SETUP. USE GOOD RISK...
Pattern: 1W Rectangle. Signal: Scalping. Sell within the 1W Resistance Zone (8.7600 - 8.8200), Buy within the 1W Support Zone (8.4000 - 8.4700). Target: Near the Support Zone for shorts, Near the Resistance Zone.
USDNOK bounced off its support at 8.67095 where it could potentially rise further to 8.72425. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
Divergence in cash rate policy between US and Norway, creates an opportunity for shorting the pair. US is expected to cut its rate, while slower economic growth is waiting to hit the dollar. Norway's economy is doing great, and therefore they expect to increase the cash rate. also looking at USO vs the pair, as it have been highly diverge against each other....