ACROFX

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Joined ACROFX
Markets Allocation
88 % forex 6 % indices 6 % other
Top Mentioned Symbols
USDNOK 41% | 14 EURNOK 20% | 7 USDSEK 14% | 5 DXY 5% | 2
ACROFX ACROFX DXY, D, Long ,
DXY: DXY- possible dead cat bounce
25 0 5
DXY, D Long
DXY- possible dead cat bounce

DXY retraced 61,8% from recent highs and touched the lower end of the ''trading-channel'' since the top, which favours a possible bounce from recent levels. In that matter, we have seen some traction on USD pairs, such as USDNOK and USDCAD reacting upwards today. In that matter, this setup offers a long setup with a fair risk/reward ration. Long from current ...

ACROFX ACROFX USDSEK, D, Long ,
USDSEK: Possible long setup in USDSEK
30 0 1
USDSEK, D Long
Possible long setup in USDSEK

This pair nearly retraced 61,8% from recent highs and should find great support just around 8,8 area. Several indicators, suchs as RSI and MACD are at low levels and provide a great risk/reward for a long trade. Trade: Long from 8,80-8,83 Stop loss: If we close below 8,7750 on a daily timeframe Target: 9,00 // 9,10 Play safe!

ACROFX ACROFX USDNOK, D, Short ,
USDNOK: USDNOK - Possible short-setup
24 0 1
USDNOK, D Short
USDNOK - Possible short-setup

USDNOK has now tested trendline established since early 2016, where the last touch point was due Brexit. The recent move upward has been on declining volume and created a negative divergence which supports a possible failure of breaking resistance @ 8,50. In that matter, this pair should offer a nice risk/reward for a short play. Trade-idea: Short entry between ...

ACROFX ACROFX USDSEK, 240, Long ,
USDSEK: Possible long-setup in USDSEK
8 0 1
USDSEK, 240 Long
Possible long-setup in USDSEK

USDSEK has now retraced 61,8% of the last move up and on 4H timeframe we have a nice hammer. Now we need follow-up to confirm a possible bottom at current level. In that matter, we should have a nice risk/reward for a trade. Trade-setup (long): Entry: 8,42-8,44 Stop loss if we close below 8,40 on a daily timeframe. Target is set to 8,54. Play safe!

ACROFX ACROFX USDNOK, 240, Long ,
USDNOK: Possible long-setup in USDNOK
11 0 2
USDNOK, 240 Long
Possible long-setup in USDNOK

USDNOK is again testing horizontal support around 8,15-8,10 area. For now, we have seen a possible bounce from support on the 4H timeframe. In that matter, we should have a great long-setup with entry around 8,18-8,16 with a stop loss if we close below 8,14 on a daily timeframe. On the upside, we have target 1 at 8,25 and target 2 up against 8,30. This should ...

ACROFX ACROFX USDNOK, D, Short ,
USDNOK: USDNOK - a possible short-setup?
21 0 2
USDNOK, D Short
USDNOK - a possible short-setup?

The price has moven quite fast in USDNOK since the bottom mid-august and currently testing 50% retracement from highs due July this year. If we fail to break above 8,36, we should see a test of the recent breakout area around 8,25. In that matter, I believe this pair offers a great trade setup (short). Trade setup: Short from 8,33-8,35 with a stop if we close ...

ACROFX ACROFX USDSEK, D, Short ,
USDSEK: Possible short-setup in USDSEK
20 0 1
USDSEK, D Short
Possible short-setup in USDSEK

USDSEK has now retraced 61,8% since the bottom mid-august. At current leveln (8,56), we also face some resistance. A rejection from current levels, should provide a great risk-reward setup for a short position. Trade setup: Short from 8,56 area with stop if we close above 8,60 on daily basis. Target 1 is set at 8,48 and target 2 at 8,42. Play safe!

ACROFX ACROFX UKOIL, 240, Short ,
UKOIL: UKOIL - Possible short trade setup
23 0 1
UKOIL, 240 Short
UKOIL - Possible short trade setup

We have recently seen a nice rebound in UKOIL after the massive downturn due this summer from 50 area. As for now the price as has retraced around 61,8% from consolidation high around mid 48 area, which also acts as horizontal resistance around 46 area. Short term, we should see some support around 43,50. If this level fails, we could very likely retest recent ...

ACROFX ACROFX EURNOK, D, Long ,
EURNOK: EURNOK - possible long trade
7 0 2
EURNOK, D Long
EURNOK - possible long trade

EURNOK has fallen to great support just above 9,20 area, including horizontal support and a long trendline since the bottom since april/may this year. For now, we might have seen a whipsaw of possible longs, as the price was below trend support. If the price manage to go above the trend and close higher than current level, we might see a possible rebound. Long ...

ACROFX ACROFX USDNOK, D, Long ,
USDNOK: USDNOK - the trend is your friend - possible long trade setup
28 0 2
USDNOK, D Long
USDNOK - the trend is your friend - possible long trade setup

After the recent breakdown of 8,40 level, we have seen a fast move down to the long uptrend since may this year with higher lows, given support around 8,25 area. This should trigger a great long trade with good risk/reward ratio. Buy area is 8,23-8,27 with a stop if we close below 8,20 on a daily basis. Target 1 is set to 8,40 and target 2 at 8,55. Play safe!

ACROFX ACROFX USDNOK, D, Short ,
USDNOK: Possible range-trading in USDNOK
32 0 1
USDNOK, D Short
Possible range-trading in USDNOK

As the market has for some time now trading sideways/range mode, USDNOK should offer a nice exit from 8,60 level down to possible support around 8,40. After the announcement from Brexit, USDNOK never managed to close and break resistance above 8,60 which now act as great barrier for the pair. In that matter, the risk/reward should be great for a short ...

ACROFX ACROFX USDNOK, 240,
USDNOK: USDNOK - Possible comeback for NOK?
9 0 1
USDNOK, 240
USDNOK - Possible comeback for NOK?

NOK has been trough the perfect storm, as the USD has been high on forward guidance from FED regarding rate-hike in December and the Oil has recently fallen below 40USD. But as we soon enter December, we do notice more sellers in USDNOK, as in more spikes from high levels and established resistance and weaker ''pace'' on the trend which is for now up. However, if ...

ACROFX ACROFX USDCAD, 60, Short ,
USDCAD: USDCAD
29 0 0
USDCAD, 60 Short
USDCAD

Possible short-trade in USDCAD, as we can get some profit-taking in USD trade which is in my eyes a bit crowded as we speak. In this case/setup, I have used 1H timeframe. As you can see, we have now retested earlier support as resistance and reacted quite nice. In that matter a short-entry should be set between 1.3320-1.3340 with a stop if 1h closes above ...

ACROFX ACROFX USDNOK, 240, Short ,
USDNOK: Possible short in USDNOK
11 0 0
USDNOK, 240 Short
Possible short in USDNOK

Since the recent high, the pair has found some great levels regarding both support and resistance. For now the resistance around 8.53-8.55 was rejected. If the pair closed below 8.4950 in 4H time frame, we should retest earlier lows around 8.40 and below. While a close above 8.55 should attract the recent hights around 8.60 and above.

ACROFX ACROFX USDNOK, 240, Long ,
USDNOK: What comes down most go up? USDNOK potential long
19 0 0
USDNOK, 240 Long
What comes down most go up? USDNOK potential long

After a massive rally in oil and risk-on mode, USDNOK did fall quite well and to levels before the latest Policy meeting in Norway (Norges Bank). We should see great support around 8.05-8.03 area. In this matter, and with a possible bottom, the price should retrace some of the recent fall, which could give potential target of 8.20 and 8.30. Case: Long from ...

ACROFX ACROFX USDNOK, 240, Long ,
USDNOK: Possible long-entry in USDNOK
11 0 0
USDNOK, 240 Long
Possible long-entry in USDNOK

After a massive move down in USDNOK recent days (helped by a stronger/higher oil price), we are currently around earlier support area (8.20-8.22). In that matter, we might see a short-term bounce to retest earlier support area as resistance. The case is to go long from current levels (8.20-8.22), but only use 50% of desire position as the pair could fall further ...

ACROFX ACROFX USDSEK, 60, Long ,
USDSEK: Possible counter position in USDSEK
20 0 0
USDSEK, 60 Long
Possible counter position in USDSEK

As the pair USDSEK has set lower highs and lower lows last couple of days, we have now reached 76.4 FIB retracement from recent high and low around 8.23 area. This should offer a nice possible counter position (long), but bear in mind that the trend in the short term is still down. In that matter, manage risk either by smaller trade position or tight stop. The ...

ACROFX ACROFX USDNOK, 60, Short ,
USDNOK: A top is made in USDNOK?
341 2 9
USDNOK, 60 Short
A top is made in USDNOK?

Since the recent high of 8.60, we have now a set of lower high and lower low. The pair is now testing earlier floor (support) as resistance. If we manage to turn down from current levels (8.42+), we should retest the recent lows around 8.33. In that matter, we should have a nice risk/reward for a short-setup in USDNOK. Short from 8.41-8.44 which stop above 8.46 ...

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