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FX-TradingLions

USDNOK | HIGH PROBABILITY SETUP WITH USD STRENGTH

Long
U.S. Dollar/Norwegian Krone (FX:USDNOK)  
FX-TradingLions  
FX:USDNOK   U.S. Dollar/Norwegian Krone
Trend Analysis Harmonic Patterns Fundamental Analysis USDNOK Currencies Forex currency ideas signals
8
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trendanalysis harmonicpatterns fundamental usdnok currencies forex currency ideas signals
Hello,

We see a nice trend developing towards the upside this is due to the USD getting stronger, regaining power and pushing against other currencies.

Recently USD was weak for a month straight, but the time has come for the USD to pick up and it shows, I believe the pair will at reach 8.95 zone and more!

It is also breaking our 200MA line on the daily timeframe with a Fibonacci confirmation, I left some of the analysis out, to not over complicate chart for you guys.




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