Head and shoulders may be formingI'm expecting DXY strength in the next few days with stimulus hopes before elections in the US fall. The YM1!, NQ1! & ES1! are struggling to hold on to a critical support level and if they breach the supports, further downside will lead for more DXY demand ES1! -> YM1! - > NQ1! -> Parts of Europe are heading for lockdowns with some countries have already implemented lockdowns. The demand for the oil linked currency will be low as movement becomes more restricted. Longby GrizzlyBearBee0
USDNOK 2 HourExpect prices to drop down to the 9.18206 support level then go back up as prices are trading in a rangeShortby Neoteric_PaperRoute0
USDNOK possible trend reversalMarket broke the MA35 and is coming for a retest. If it bounces back up then I will be longing the expected trend reversal.Longby UnknownUnicorn5964080223
USD|NOK 4H Bullish Trajectory FX:USDNOK Leave a like below as well as a comment if this is helpful, it is always much appreciated! After price action rallied, creating the recent high of 9.61582, it has since then retraced respectively finding support and then breaking through our 0.382, 0.5, 0.618 levels Currently price action seems to be finding support now again around the 0.618 level Should price action continue to find support we can expect a bullish rally to the recent high that would mark the end of the short term retracement. *Note that MACD still needs to shift to the bullish side on the 1H, Use that as a confirmation when forming entry Longby illMcNastyUpdated 775
U.S. Dollar/Norwegian Krone Mark UpThe market is at the low end of the curve of where price action is currently trading. I'm bullish on this pair, but I'll be even more bullish after there's a B.A.R. of the $9.8120. However, that may not happen for awhile unless there's some big news drop that'll help propel price to higher levels, but I would be anticipating some more bear action to assist in pushing price further down within that huge O.B that's currently underneath price. If you look to the left of the chart within the EQ you'll notice all of those green candles which signifies potential profit margin to the downside. Price action has already moved more than 50% to the downside in correlation to the potential profit margin I just mentioned so I would wait for that zone ($8.6568-$9.1003) to be hit for any type of bullish trades. If the bears end up dominating I would just wait for a B.A.R. of the $8.6568 level. The only issue with that is the fact that the zone is massive so if it doesn't hold you can execute certain positions within it in correlation to YOUR trading rules. I've been recently seeing this currency pair brought up in the trading community which prompted me to do an analysis to see how it plays out. We shall see.. Also, if my analysis help YOU in any way, shape or form then please consider donating to the cause. It's appreciated.by ChrisJTradesFX0
DON'T WAIT FOR THE HIGHLIGHT, BE PREPARED!MULTI TIME-FRAME ANALYSIS DONE. TRADE SHOULD ONLY BE TAKEN IF IT FITS YOUR IDEA OR PLAN. TRADE SMART. Longby Billion_Pips111
Proposed Long USDNOK (trend continuation)Take a look at the daily chart too. After the massive bear trend, since Sep we have been mostly bullish. As the H4 chart shows, a retracement to 38.2% was completed and I expect the bull trend to resume. The recent high at about 9.61 should be the 1st target, with a review of price action to determine the next possible steps. If you like my analysis, please give it a "thumbs up" and follow me to get immediate notifications. As always, please use sound money and risk management in all your trades.Longby Trading_Vista4
Short Sell USD/NOKWe have a short sell set up for USD/NOK as the U.S Dollars have haven demand decreases as equity markets push higher.Short01:43by KayansMarkets224
USD/NOK is approaching the verge of the waterfallUSD/NOK surged nearly 4.00% this week already. This was mostly fired up by the buying appetite of USD bulls. We noticed that the pair was moving in a correction direction during the last week whose results appeared this week. But now, we see that our pair is moving very aggressively to form new highs, which triggers bears interest to sell after a bullish failure. Moving in an ascending channel after a bullish run is very overbought environment and a break of the channel is a clean sell signal. We can also see that the price stalled on the touch of the Weekly R4. I don't expect it to move higher this week, as I believe that week highs have been set. The level I look as a bearish target is set to be Weekly R1 at 190 pips below channel limit. Good luck with your choices! :) Shortby GeorgeZiiUpdated 2