NOK
EURNOK: Possible bearish move.The pair is consolidating on 4H (RSI = 49.952) awaiting for a break out. 1D has followed a perfect symmetry so far on 1D (Inverse Head and Shoulders) and if the 1D MA50 breaks, we expect the price to test the 9.6450 Support.
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CHFNOK: Trade the break out.CHFNOK is trading within a 4H Triangle (RSI = 49.737, STOCH = 54.340, STOCHRSI = 51.828, CCI = 7.7024, Highs/Lows = 0.0000). We are willing to trade the direction of the break out. Above 8.7487 it is bullish while below 8.6740 bearish. Targets 8.8000 and 8.6200 respectively.
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NOKJPY - What to expect. -NORWEGIAN KRONE - JAPANESE YEN - FOREXLooks like we got a trend reversal signal (closes above the last leg down) on the 4hr chart. One of my favorite time frames to trade. Looks like we are right in the middle of the pull back. Keep an eye on this higher low here, might be the one that takes us up. I'm personally longing this one from this range, easy stop loss near or below previous lower low as nothing is 100% in trading. NOT FINANCIAL ADVICE. TRADE SAFE.
NOKDKK - What to expect on 4hr - NORWEGIAN DANISH KRONE - FOREXWe can see that its clearly in a decisions making zone. Will it go up or will it go down? This is a NO TRADE ZONE FOR ME. I wait for it to signal by closing on one side of these lines to signal continuation or reversal BUT WE DONT BUY OR SELL THAT BREAK OUT. We wait for the pullback and get in or ladder in there. This makes your stop loss a no brainer and you didn't have to try and catch the knife. Instead you let if fall and you picked it up off the damn floor. NOT FINANCIAL ADVICE. TRADE SAFE.
CHFNOK: Bullish break out.The price crossed the last 1D Resistance (8.78164) and being on an early bullish 1D technical action (RSI = 59.246, MACD = 0.048, Highs/Lows = 0.0073) is giving a long continuation signal. Our bullish TP is 8.9000.
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Usd/nok Sell Selling as price has come back to point of interest . This is a swing trade . So Day trade be mindfull.
Many Thanks.
USD NOK LongWe look at trend analysis to suggest that USD NOK may rebound to 8.78000
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USDNOK: 4H Rectangle. Scalp opportunity.The pair is ranged within a 4H 8.67182 - 8.80533 Rectangle and as long as 1D remains neutral (RSI = 51.622, ADX = 25.601, Highs/Lows = 0.0000) it will be an ideal scalping opportunity. Buy zone = 8.67182 - 8.69700, Sell zone = 8.7881 - 8.80533.
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CHFNOK Sell SignalPattern: Rectangle on 1D.
Signal: Bearish after the price was rejected on the 8.7200 Resistance.
Target: 8.5300 (the immediate 1D Support).
NOKJPY: Sell opportunity and reversal scenario.The pair is trading within a strong 1D Channel Down (RSI = 34.726, MACD = -0.120, Highs/Lows = -0.0831) for the past month. Currently the Lower High zone holds (red rectangle) and should push the price towards a new Lower Low at 12.350. If 12.630 however breaks it will give a medium term bullish reversal signal and we will target the 12.800 1D Resistance.
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GBPNOK Sell SignalPattern: Rectangle on 1D.
Signal: Bearish after the price was rejected near the 1D Resistance.
Target: 11.0575 (top of the 1D Support Zone).
Trend Analysis For USD-NOK But with NOK-USD view of situation Possible Sell Opportunity for USD-NOK. This analysis was done on NOK-USD, the analysis will show supporting zones to buy which in turn is Opportunity to sell USD-NOK.
VIDEO ANALYSIS: CRUDE OIL TO RISE NEXT WEEK?In this video update, we take a look at Brent Crude Oil as the weekly suggests we could see
further upside next week. If the current weekly candle closes back within last weeks
range we could see the market move back towards 75.00. We were expecting the price to
test the 38.2 Fibonacci retracements however this looks unlikely now with current
price action.
CHFNOK: Buy on every dip for the next year.CHFNOK is trading on a 3 year long 1M Cup formation (RSI = 52.266, ADX = 24.446, Highs/Lows = 0.0000) with a clear Resistance Zone (8.7770 - 8.9615). Having entered the second half of the pattern, every pull back on 1W can be bought, targeting the Resistance Zone. If the formation turns out to be fairly symmetrical expect a final test of 8.1351 and Higher Lows after towards the completion of the pattern near the Resistance Zone in about 1 year. We are buying the dip.
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forexTrdr EURNOK- NOK THAT PAIR BACK DOWN FROM EXTREME LEVELSMorning traders,
This morning we have had the Swedish central bank come out and delay interest rate rises with market now pricing no rise until early 2020 (from mid 2019). This has had a secondary effect on the Norwegian Krona leading to a 700 pips drop versus the Euro. We are looking to capitalise on this move into extreme overbought territory and looking for a pull back into the previous trading range of 9.55 to 9.60.
The spike bounced off of resistance levels dating back to early 2019 and forming a descending trendline from previous high levels in April and early February as shown in our Trading View charts.
Simple clean trade on event driven news.
As always this is not a trade recommendation and simply technical observation.
Good luck trading
from the Team at forexTrdr
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Usd/Nok Buy Hi All ,
Buying the trend on this pair before the reversal . As you can see we have a strong bullish move & i expect price to touch the top of the range before advancing further .
Entry, Tp1 and Tp2 and SL marked on Chart .
Sl to entry as always .
Many Thanks.
Long SEKNOK @ 0.9140: TP @ 0.93235, SL your choiceLong SEKNOK @ 0.9140: TP @ 0.93235, SL your choice
Eur/Nok Swing Sell Hi All ,
Opening My 6th Swing Trade on this pair .
Price broke down major support level on M1 . Wait for the retest of previous Resistance turned support and enter your swing sell position .
For more information , Please contact me .
Many Thanks.
USD NOK BUY (US DOLLAR - NORWEGIAN KRONE)Hi there. Price is forming a continuation pattern to the upside. Wait for the price to hit the bottom of the pattern and watch strong price action for buy.
NOKSEK Buy SignalPattern: Ascending Triangle on 1D.
Signal: Bullish since the 1.0890 Resistance broke upwards.
Target: 1.1000 (lower 1W Resistance).
NOK JPY BUY (NORWEGIAN KRONE - JAPANESE YEN)Hi there. Price is forming a continuation pattern to the upside. Watch strong price action at the current price for buy.
