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CHFNOK

A NOKout in round 1 - Why the NOK will win 2024Over the past two years, the Norwegian krone has undoubtedly been one of the big losers in the FX market. Not only has it embarrassingly been constantly beaten up even against the EUR and traded at an all-time low, no, since November 2022 it has bottomed vs. ALL G10 currencies. This was hardly surprising as almost all fundamental factors spoke against the NOK. However, the tide will turn dramatically in 2024: NOK positive: ➡️ Energy prices appear to have bottomed out and could rise again🟢 ➡️ The oil price seems to be stabilising around the USD 60-70 mark and could rise in the event of a soft landing🟢 ➡️ January and February are seasonally positive for the NOK🟢 ➡️ Norges Bank surprised EVERYONE in December by raising interest rates again🟢 ➡️ Norges Bank enters 2024 as one of the hawkishest of the G10 central banks ➡️ A further rate hike by Norges Bank in early 2024 cannot be ruled out🟢 ➡️ It would raise interest rates while virtually all other central banks would be in rate cut mode🟢 ➡️ Norges Bank will drastically reduce its NOK purchases from January (as previously announced by me in the NOKSEK Tradeidee ), see here:
Short
by PrimeTrading
2
CHFNOK for a test of the support 🦐CHFNOK on the 4h chart is moving inside a descending channel. The price is now consolidating between 2 structure and IF the market will break below, according to Plancton's strategy, we can set a nice short order. --–– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ Black structure -> <4h structure. Here is the Plancton0618 technical analysis , please comment below if you have any question. The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
Short
by InkyGrip
4
CHFNOK breaking the range 🦐CHFNOK on the 4hh chart is breaking to the upside the weekly resistance. The price after creating a double bottom over the daily support started a new impulse. According to Plancton's strategy, we can set a nice long order. --–– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ Black structure -> <4h structure. Here is the Plancton0618 technical analysis , please comment below if you have any question. The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
Long
by InkyGrip
4
CHFNOK testing a resistance structure 🦐CHFNOK on the 4 chart is testing a resistance structure at the 9.80000 level. The price after the recent move until the 9.95000 zone got pushed back sharply and turn over the 0.786 fib level retracement. If the market will manage to break and close above the resistance structure we will set a nice long order according to Plancton's strategy. --–– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ Black structure -> <4h structure. Here is the Plancton0618 technical analysis , please comment below if you have any question. The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger. Leave a comment that is helpful or encouraging. Let's master the markets together.
Long
by InkyGrip
10
Looking for a short entry on CHFNOKCHFNOK is in a run up on the daily period. By taking a Fib from the major impulse high - to - low, we can see that we're nearing two fib levels, the 1.414 and the 1.618- I'm going to look for a short entry around these levels, targeting a test of the most recent level gained, indicated by the "level gained" text. Price blasted the level and I'm confident we'll see a test - I don't know whether the level will hold or not. The play is a short, the question is the best entry. By using the fibs, we get a better idea.
Short
by RTradesReal
SWISS FRANC / NORWEGIAN KRONE to SELLCHF/NOK is getting ready to go SHORT. Market has been in an uptrend for about 3weeks. A crucial resistance has been hit in its uprise. Market already dropped this week, however, a retest/double top is likely. Wait for confirmation of trend change, then find your entry. Expecting a change in trend within the next week. Scalp/day/swing trade market to the downside. You pick your exit point. DISCLAIMER; Trading carries risks, ideas are for guideline purposes only. Do set stop losses when trading & be generous with how much room allowed for candle wicks. There is also the possibility to hedge yourself, for more confident traders. All comments and questions welcome, if curious about indicators I use then feel free to inquire. How I plan to find my entry;
Short
by Dani0
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. ** If you like our free content follow our profile (www.tradingview.com) to get more daily ideas. ** Comments and likes are greatly appreciated.
Long
by InvestingScope
A bullish Riksbank=> Here we are tracking the Riksbank meeting on Wednesday with hikes expected to come in either December or February. => We expect December to remain on the cards and continue supporting a bullish SEK tone. => On the Swiss side, as you all know from our previous ideas Swiss investors positions in foreign assets remain largely FX hedged so there is little concern for a sudden appreciation for CHF. => The risk to our thesis will be a Riksbank taking December and February off the table (markets are not expecting). => Good luck all those trading this one in live
Short
by ridethepig