USDNOK Entry Price 8.71538 Pin Bar Date Time and Price (x,y) (12-Aug-2021 at 16:00, 8.71538)
Trend Analysis The main view of this trade idea is on the 2-Hour. The fx cross USDNOK appears to have found support around the 8.7 price level, as the countertrend move in the currency appears to have ended. This produces an opportunity to go long USDNOK with initial resistance observed around 8.9, which can be an initial target for the fx cross. Technical...
The USD/NOK pair recently finished the upward move it began in mid May, which we previously traded successfully. The pair has now executed a bearish crossover and looks to retest lower levels such as 8.45 or even resume the prior secular downtrend. August is historically a bullish month for petroleum prices, which directly influence the NOK, so we should have a...
USDNOK is currently moving on an uptrend and has created a falling wedge, so it is showing us that it is definitely a strong Buy. It is definitely respecting its trend. ENTRY @ 8.85348 TP @ 8.89239 SL @ 8.83623 I do have a tight stop loss but if you want to make a few adjustments on it, feel free to! Happy Trading :)
Last update: YES! The bulls can turn the move up into momentum and we cross the resistance at NOK 8,72980. Now I see a 5-part movement within wave 3. USD / NOK should now come back in wave 4 in green up to a maximum of NOK 8,49547. I estimate the current correction as wave 4, which has room to reach the mentioned area.
YES! The bulls can turn the move up into momentum and we cross the resistance at NOK 8,72980. Now I see a 5-part movement within wave 3. USD / NOK should now come back in wave 4 in green up to a maximum of NOK 8,49547. I estimate the current correction as wave 4, which has room to reach the mentioned area.
for me its just a bounce, I hope again drop below 8.50 Maybe a reject coming very soon 📉 Short term bearish 📉 Long term bullish 📈
USDNOK Entry Price 8.68647 Measured Move Distance In Chart Below
The USDNOK pair has sure taken a beating lately. But there are signs that the trend may be changing to bullish. 1. The RLCO crossover occurred Friday suggesting a new upside trend. 2. The CMF shows bullish divergence (a higher level every time a similar level in price is achieved - notice, for example, May 13 vs May 21). 3. We've possibly made a triple bottom,...
USDNOK after the double bottom over the support has moved to the upside over an ascending trandline. The price has now reached a daily resistance and according to Plancton's strategy if the market will break above we will set a nice long order. ––––– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵...
There is a history of ranging before breaking down in this pair. See how it was ranging between 8.6450 and 8.3800 for several weeks before it broke below. Now we have something similar and despite multiple attempts during the past 6 weeks, this pair has been unable to close above 8.3800. This pair has clearly been on a strong bearish trend since Nov. and I don’t...
Short Term Elliott Wave structure for USDNOK suggests the decline from March 24, 2021 high is unfolding as a 5 waves impulse Elliott Wave structure. Down from March 24 high, wave (1) ended at 8.149 and bounce in wave (2) ended at 8.369. The 45 minutes chart below shows the wave (2) bounce and pair resumes lower from there in wave (3). Pair still needs to break...
Hi everyone I hope you are well All that can be seen in the chart is a decline, small corrections but it continues to decline again. The price has reached its lowest level since 2017. He passed all the support points on the way with force. But at the current price, we are witnessing the intersection of important support and resistance lines in the daily and weekly...
USDNOK long to level 8.51600 .. Nice bullish divergence on the MFI .. Good luck..
I expect in due time for USD to be worth at most 5 NOK.