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...
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.
We have a short sell set up for USD/NOK as the U.S Dollars have haven demand decreases as equity markets push higher.
ON A SELL TREND..WE LOOKING FOR POSSIBLE SELLING POINTS