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...
Price consolidates after an expanding flat, one more upward move is likely at least to test the high or the upper border of the channel
This is a test chart for my modified predictive indicator.
This is a test chart for my modified predictive indicator.
USDNOK has a trading opportunity to the upside. In line with the USD index being bullish, there's high potential for the pair to follow suit. It suggests the formation of a regular flat, and the C wave is about to start. The smaller regular flat outside the channel has reached equal legs (100% fib extension) and might turn upside any where within the box. I'll...
USDNOK Entry Price 8.93270; Take Profit Price 9.01454
I believe the price has bounced off the 9.0 level again. With OPEC that has been undershooting its targets in recent months, I don't see an oil drop, hence USDNOK is fundamentally bearish as well as technically.
I expect to usd/nok prices go higher until mid of 2024, It looks like From 8.50 to 8.40 range best place to long usdnok right now 8.21 or 8.05 might be your SL place according to your position. Long Position entry Location 8.40-8.50 SL:8.21 or 8.05 TP1: 11 TP2: 12.75 TP3: 13.60 TP4: 14.90
It is possible to reach the target by combining strategies 1 and 2 myself
USDNOK Parallel Channel, Horizontal Support & Resistance, Diagonal Support & Resistance
USDNOK is strongly anti-correlated to the prices of oil. Although the US imports most of its oil from Canada, some of the oil producers there are owned by a Norwegian company. Then, the prices are moving globally with oil being one of the most traded commodities. Last time they USDNOK and USOIL both hit a psychological resistance, both reversed at the same time....
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
USDNOK Horizontal Support Levels, Dynamic Support Levels, Diagonal Support Levels
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...
USDNOK Sell opportunity on 2H this looks a great setup Enjoy..
The market continues its downward movement. I have designated the place, price and TP. I am waiting for the price to come back, the signal from the chart and the position to open