Exotic markets are risky, but I see good indication on this one. Not risking crazy amount, but I put in my trade at 8.59. Looking to take profit on the way up. I would honestly wait to trade until the 1 and 7 day moving averages cross, as it seems to be a strong indicator on this chart. At around 9.00 I expect a continuation of the down trend. I will still be...
Welcome back Traders, Investors and Community!
Analysis of #USDNOK
If you have found this useful then help us support my page by hitting the LIKE button.
If you are not subscribed yet then please feel free to follow my page for daily updates and ideas. Thank you
It means a lot to us!
***
Strategy: Bearish Gartley on H4 timeframe - We will be waiting for...
GREETINGS
This articles will be a follow up piece to the educational article I did on correlation trades in the forex market. Check out my article on CORRELATION-DIVERSIFYING-HEDGING-An-elementary-view
Now in a previous article that I wrote I had strongly suggested that the AUDJPY had reached a key level of resistance on the daily and weekly chart and was...
The Norwegian Kroner continues to strengthen against the U.S Dollar.
Higher Crude Oil prices are increasing the demand for the commodity-linked Norwegian Krone.
The Dollar is weaker due to lower interest rates and the negative balance in the U.S Current account.
In the video we look at selling the exchange rate, with take profit targets, stop loss, and entry...
📌 NOK for the Yearly Close
Now comes the traditional complex NOK and SEK map complex. I have mentioned a number of times SEK was in a very good position for sellers, now NOK is joining the disco because it is unlikely that dollar can manage to force the defence. A very amusing chart, for those with a background in waves we are playing the breakdown on a 5 wave...
📌 SEK for the Yearly Close
In general the following flows are working flawlessly, sellers have recaptured the control and are bringing about a lot of pressure on the main macro targets issued at the beginning of 2020. One indication of the weakness is clearly the USD devaluation, and is represented by the attacking side rushing to SEK.
Introducing...
Hello traders,
I hope you are all doing great!
The last week finished in deep green territory for us (The Greek Trader community) above 500 pips profit and we are doing the same on this one!
The trade set up we are looking on is the USDNOK and let us tell you what our analysis is showing us:
Technical Observations
1.We have price reaching a daily-weekly and a...
Hello everyone, if you like the idea, do not forget to support with a like and follow.
Here is the top-down analysis for USDNOK, feel free to request any pair/instrument or ask any questions in the comment section below.
Best of luck!
The USD/NOK chart has formed a double top pattern, fell to the nearest support and has now the possibility of bouncing from there back to the top again, just waiting for a confirmation in the next few days.
We have a sell set up for the USD/NOK as higher oil prices support the commodity-linked Norwegian Krone.
We look at entry price, stop loss strategies using volatility analysis.
An Elliott case can be made for a strong USDNOK rally to get underway soon. To review, the decline from the March high was in 5 waves (textbook by the way). Since the September low, we’ve had a leg up and a leg down…waves A and B of a proposed 3 wave correction. As such, wave C is due to get underway and end above the September high of 9.6158. Reversal...
The pair will continue to move lower in the following days towards its October 2018 low. Norway has the highest Q2 to Q3 ratio among countries in Europe. The country managed to expand by 4.6% in the third quarter, almost completely recouping the 4.7% contraction in the second quarter. In addition to this, the country had a trade surplus of $2.7 billion in October...
Low-interest rates in the united states and a negative current account balance should continue to structurally weaken the U.S Dollar.
We look at the following trades
Long NZD/USD
Long EUR/USD
Short USD/RUB
Short USD/NOK
Short USD/CAD
Short USD/MXN
Short USD/ZAR
