USDNOK-BUY strategy Daily chartThe pair is slowly breaking upwards, and especially we have violated GANN resistance, hence we should move towards 10.7550 area over time. Strategy BUY @ 10.5450-10.5800 and place SL below 10.4750 and profit @ 10.7150 for now.by peterbokmaUpdated 1
Technical Analysis of NOKUSD: A pressure cooker about to explodeThe weekly chart of NOKUSD reveals a descending triangle pattern, typically a bearish formation that often breaks to the downside. However, there is a notable divergence to consider: the Relative Strength Index (RSI) on the weekly timeframe is forming higher highs and higher lows, contrasting with the price, which is forming lower highs. This bullish divergence suggests that selling pressure may be waning and momentum could be shifting upwards. Should this divergence play out, it indicates a potential breakout to the upside, with a target of 0.11. Conversely, if the price decisively breaks below the support level and sustains that move, the downside target would be 0.078. Traders should monitor these key levels closely to confirm the direction of the next significant move.by mohsen2sharif110
USDNOKOn the monthly charts we have a confirmed bearish trend with a bullish correction in play. On the weekly charts we have a shift in order flow confirming our bearish bias though its a long term view. We have an impulsive bearish move that has necessitated a bullish correction to clear previous disequilibrium. The break in daily structure confirms shift in order flow from bullish to bearish. Presently we are bearish, in consonance with our monthly and weekly view.Shortby morrisgitau0
USDNOK at 127% extensionIntraday Update: The USDNOK is at the 127% extension at 10.4900 level, the 61.8% longer term support is just below at 10.47, divergent RSI's intraday may suggest a near term bounce. Longby ForexAnalytixPipczar0
False breakdown of USDNOK23 May: Intraday Update: A possible false breakdown of the USDNOK and hold of the longer term 50% retracement at 10.59 may allow for a squeeze back to the 10.7500 level now. Longby ForexAnalytixPipczar0
USD/NOK- 1D- Bullish Butterfly PatternOn Daily time frame, Bullish Butterfly Reversal Pattern is appearing. Prior to Point C, a bearish divergence and Double top also appeared causing the Price to move in downward trend. If Price chart makes another LL below 10.68962, above which a support level also exists and price may bounce back a bit, then SHORT trade is in order. One can take the trade deep up to 9.4 price level as well, if pattern plays perfectly. However, I'm taking trades on safer side with risk/reward ratio: 1 and 2 for two trades respectively. My trade values are depicted on Price Chart. Shortby Golden_SpurUpdated 2
USDNOK bearish wedge ahead of PPIIntraday Update: A bearish wedge break below the 10.79 level should put the 10.69 level in play which is also channel support. Shortby ForexAnalytixPipczar0
USDNOK One of the best sells in the market.The USDNOK pair has formed a cyclical top on the 1D time-frame and is currently pulling back towards the 1D MA50 (blue trend-line). This level has been supporting since March 14 2024. If broken, we expect a a 2nd dip to the 1D MA200 (orange trend-line) as well and as it pierces through the (green) Ichimoku Cloud, stage a dead-cat-bounce back at its top and the 1D MA50. That should give way to the 2nd part of the Bearish Leg towards the 2-year Higher Lows Zone. Our target is on the top of that Zone at 10.400. Take profit earlier if the 1D RSI breaks below the 30.00 oversold barrier before the price reaches 10.400. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇Shortby TradingShot4
shortthe price approach resistance zone and failed to penetrate . I am with the bearsShortby dimitrisss2771146Updated 0
LONG 4/18/24Daily uptrend, 4hr demand entry targeting near prior October highs, 5:1 RR.Longby aidankelleher112
USDNOKOn the monthly charts we have a confirmed bearish trend. Presently, on the monthly charts, we have a bullish correction that we can trade. On the weekly charts we have a shift in order flow confirming our bearish bias though its a long term view. We have an impulsive bearish move that has necessitated a bullish correction to clear previous disequilibrium. On the daily charts we have a minor shift in order flow from bearish to bullish that we seek to trade.Longby morrisgitauUpdated 4
Make That Money Signals Buy for $USDNOKMTM has printed a 30m buy signal. Currently retesting confirmation candle. 1.5RR with trade shown based on previous demand/supply zones. Longby LukensFinanceUpdated 6
USDNOK-LongI expect more upside for the pair, look the dxy for more confirmation. Theres a long term potential to the upside and a valid entry and high RR.Longby Vitezabraham111
Bullish IdeaPrice is now oversold according to the indicators. Also seems to be a reversal with no BOS. We should see some upsideLongby Kevins19872
USDNOK - intraday longTrend continuation is expected after a pullback. Watch the news some volatility is expected for the dollar.Longby Vitezabraham0
USDNOk-Long-2024.03.25.Here is a more exotic pair than usual, technically and fundamentally looking good, as news come from usd we might see the volatility gives us the opportunity to take this trade on a good price.Longby VitezabrahamUpdated 0
USDNOK is in bullish trend in 2h time frameUSDNOK is in bullish trend in 2h time frame as it printing HH and HL..Longby zameer_balti0
usd nok my ideathis is not a perfect trade to enter now but im just publishing it for myself to see if im going to be right or wrongLongby panajot1
Bearish OpportunitySeems like price has found resistance yet again at the top of the bearish trendline. 4h KC and Stoch seems to confirm a downward push. Shortby Kevins19870
Bearish oppertunityPrice seems to have formed a DT, Previous target to the downside was not met, so I had reentered at the top of the channel. 4h is still bearish and has some downward momentum. If my target is not met before Powell speech i will liquidate my position. Longby Kevins19871
Bullish IdeaPrice seems to have found support, although overall trend is bearish on the 4h, price seems to be respecting the bullish 1h trendline. price is also sufficiently under EMA's for good entry. Longby Kevins19870