USDNOK Up. Wyckoff like Accumulation after Price Climax. See some Springs also. Taking a long position aiming 4x.
Monthly - Retracement with new candle Weekly - Perfect M formation Daily - We have broke structure starting making HL HH 3:1 ratio
Another long term currency swap play I am buying into is the Norwegian Krone. I have started to swap some of my usd cash into the Krone while I am getting a good price for it before a downward move in the pair.
Bullish Trending Structure Price holding above strong Support Zone and Dynamic Support Hidden Bullish Divergence on MACD indicator, suggesting a move up Enter at the break of the last HH. Targets up to 100% Fibo Expansion in confluence with the Falling Trendline / Dynamic Resistance.
A failure to break the former high and a shift in orderflow from bullish to bearish informs our sell limit set ups. Presently we have a change of character and a break of structure. We anticipate a minor bullish correction to activate our sell limit orders at 11.16 price handle.
Gold Trendlines on USDNOK monthly Burgundy Trendlines on USDNOK weekly Final Stage
The pair had its little run upwards as expected, but considering the shape of the pattern, which resembles a 'false bull flag' the likely hood remains we may see lower back to 11.0250 again. Strategy SELL @ 11.1900-11.2200 and place SL @ 11.32 and take profit @ 11.0350.
USDNOK is trading inside a Channel Up for almost four months, with the 1D MA50 supporting as the medium term Support. The very healthy bullish 1D technicals (RSI = 62.188, MACD = 0.074, ADX = 41.092) indicate that the current price action will lead higher so we are buying into today's strength and aim at another +4.60% rise (TP = 11.500). ## If you like our free...
The pair has room moving higher again. We are positive SMI and further, retracement values suggest we could reach 11.1650 again. Strategy BUY @ 11.0250-11.0575 and place SL below 10.9750 for now. Profit order I suggest @ 11.1450.
The pair has been locked in within a right range, and the Doji cross, and stochastic showing signs of turning the side, suggests we should have a going south strategy. Strategy SELL @ 11.1500-11.2000 and place SL above 11.3000 for now. Profit order @ 10.8550.
This is my bearish trend idea. However wait for a fall back to a key level after trend continue to downtrend momentum, because overall structure breakout and continue to downtrend. You can see it high time frame momentum. Good luck
The USD/NOK pair is currently facing some *support* near the 10.7500 level, which coincides with the 61.8% Fibonacci retracement of the last major upswing from 9.5385 to 11.2836. This level could provide some temporary relief for the pair, as some buyers may step in to take advantage of the lower prices USD/NOK (USDNOK=X) Live Rate, Chart & News - Yahoo Finance....
The USDNOK pair is trading within a 1 year Channel Up with the price above both the 1D MA50 (blue trend-line) and 1D MA200 (orange trend-line). Last week's rejection on the 0.786 Fibonacci retracement level is similar with the one in March 16 2023, which after pulling back to the 1D MA50 and was contained above the 0.382 Fibonacci, it reversed upwards to a new...
The pair is overbought, as it is trading near the upper Bollinger band and its stochastic oscillator is above 80
The pair may correct little bit upwards, and its possible to re-test 11.0000 before we move lower towards GANN support. The stochastic is negative, and we have a hammer bottom close. Strategy SELL @ 10.9850-11.0250 and place SL @ 11.1200 for now. Profit order @ 10.8150.
this is my bullish technical idea and price action analyse . now wait for come previews support and resistance zone after trend continue to uptrend you can entry .because overall uptrend .you can see it .however this is my opinion only no more signal
The pair is overbought, and a too steep ascend, I feel. The stochastic is negative, and RSI is overbought (not shown due to lim9tation of chart. Suppose to be 3 on chart for basic and now 2 lol ). Anyway, it will do the job trying to provide some ideas for my fellow tradingview friends. Strategy SELL @ 10.9750-11.0500 and take profit @ 10.7850. SL above 11.1250.