Norwegian Krone / Japanese Yen

FOREXCOM

NOKJPY

Pattern: Rectangle on 1H. Signal: Bullish on the Support, Bearish on the Resistance (scalping). Target: Short TP 12.4600, Long TP 12.5800.

The pair is trading within a strong 1D Channel Down (RSI = 34.726, MACD = -0.120, Highs/Lows = -0.0831) for the past month. Currently the Lower High zone holds (red rectangle) and should push the price towards a new Lower Low at 12.350. If 12.630 however breaks it will give a medium term bullish reversal signal and we will target the 12.800 1D Resistance. **...

Hello, Traders. We seen a wedge formation on the NOKJPY chart, and price is moving as expected. We are already in the trade at top, and look for a second trade after a correction for more down side. Happy trading, guys. If u like the analysis and want future chart updates, please do help share the charts and like my page. There is more to come ;) , lets make...

Hi there. Price is forming a continuation pattern to the upside. Watch strong price action at the current price for buy.

NOKJPY Buy

time to sell this nikka...after flag retest

Hi there. Price is at the top of the pattern (b wave) for one more down move (c wave). Watch strong price action at the current price for sell.

NOKJPY has been on a 4H Channel Up which according to its neutral RSI = 51.365 and Highs/Lows = 0.0000 has reached its Higher Low. This is a signal to go long. This Channel Up is identical to the previous sequence that made a 13.010 High. On 1D (MACD = 0.026, Highs/Lows = 0.0133, B/BP = 0.0028) the trend remains bullish as long as the 12.600 support holds. Our TP...

The pair is trading within a 1D Channel Down (RSI = 44.336, MACD = -0.054, B/BP = -0.047) and it has recently priced its Lower High (Highs/Lows = 0.0000). The downside potential for a Lower Low is strong but attention is need as it may be limited by the existence of the 1W support at 12.9720. We are therefore selling for limited profit with TP = 13.1060 (previous...

NOKJPY pair is now in daily- weekly strong support zone, there is a high possibility of price reversal at this area.

.

TP = 13.4897 hit as NOKJPY hit the former Rectangle's 13.3513 support and even broke it to test the 1W support = 13.000. A strong rebound has followed that will either peak at 13.700 (if 1W is a Channel Down, MACD = -0.114, B/BP = -0.1600) or at the 13.8900 Resistance (if 1W honors the previous Rectangle sideways, RSI = 49.542, Highs/Lows = 0). After either of...

As long as the 50 EMA on the 8 hour chart continues to act as resistence, we can expect NOK/JPY to fall. It was not able to find support on top of it and thus, it may reverse back down after these few days of consolidation. A pending order could be placed right underneaght the lows, that is at 13.2, so that you may enter right when the break down happens.

SELL GOOD LUCK

its on a very oversold position now on weekly. I enter this because of the possibility of expected hike on september from Norges Bank.

NOKJPY is trading within a monthly Rectangle (RSI = 51.832, ADX = 21.125, CCI = 20.9692, Highs/Lows = 0) since early February (13.3500 - 13.900). Since July 10th it has been rejected 3 times on the Resistance so a short has been added, TP = 13.4897.

It seems like finding resistance at 14.200 zone going for a short

This is my medium time projection for this pair. Price getting closer to key level and possibly we might have a bigger wave up as wave of bigger degree correction or breakout of lower trend line and huge wave down which should break previous swing low to complete last impulse to downside on monthly view. Keep track of this as we will have fantastic opportunity...