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Norwegiankrone

USDNOK Very strong buy signal medium-term.The USDNOK has been consistently giving us excellent signals on this 2-year pattern with the last one (July 10, see chart below) being a buy that hit the 11.0000 Target: This time the pair is again inside the 2-year Higher Lows Zone, while holding Support 1. The previous High was rejected on Resistance 1, so the Triangle may be transitioning into a Rectangle medium-term. In any case, this low price is a buy opportunity with our Target being slightly below the Lower Highs trend-line at 10.9500. ------------------------------------------------------------------------------- ** 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. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Long
by TradingShot
EURNOK Confirmed sell signalThe EURNOK pair brutally followed our last buy signal (July 09, see chart below) and easily hit our Target: The pair has now established a clear peak formation within the +1 year Ascending Triangle pattern, similar to the tops of Nov - Dec 2023 and June 2023, and is ready to extend the Bullish Leg towards the pattern's bottom (Higher Lows trend-line) again. The Sine Waves clearly show the frequency of those bottoms and as such, our Target is 11.3650. ------------------------------------------------------------------------------- ** 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. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Short
by TradingShot
2
USDNOK Buy opportunity above the 1D MA50.The USDNOK pair has been trading within a Triangle pattern for the past 2 years (since June 2022) and right now is consolidating right below the 1D MA50 (blue trend-line) after holding the Higher Lows Zone. Within this 2-year pattern, every time the price broke above the 1D MA50 following a bottom bounce, the new Bullish Leg was initiated. Our Target is 11.000 (just below the Lower Highs trend-line). ------------------------------------------------------------------------------- ** 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. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Long
by TradingShot
EURNOK Strong buy opportunity.The EURNOK pair has made contact today with the 1D MA50 (blue trend-line) as a Resistance for the first time since May 16. This is the start of the new Bullish Leg of the 1-year Triangle pattern. All bottoms (green arcs) have been formed when the 1D RSI broke below the 30.00 oversold barrier, so this is technically a medium-term buy opportunity. The previous Lower High was priced on the 0.85 Fibonacci retracement level and the one before on the 0.95. As a result, our medium-term Target is 11.7500 (just below the 0.85 Fib). ------------------------------------------------------------------------------- ** 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. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Long
by TradingShot
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. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Short
by TradingShot
Novo Nordisk Stock Slipped 3.3% ThursdayNovo Nordisk ( NYSE:NVO ) stands as a beacon of innovation, continually pushing boundaries in the treatment of diabetes and obesity. However, despite its recent successes, the company finds itself navigating the delicate balance between bullish growth projections and meeting market expectations. The latest buzz surrounds Novo Nordisk's weight-loss blockbuster, Wegovy, which witnessed a staggering nearly doubling of sales year over year, reaching an impressive $1.34 billion. Yet, the street had anticipated an even stronger performance, setting the bar at $1.49 billion. This slight discrepancy hints at the challenges Novo Nordisk ( NYSE:NVO ) faces in keeping pace with the soaring demand for its revolutionary obesity treatment. The surge in Wegovy sales underscores the growing need for effective solutions in combating obesity, a global epidemic that continues to plague millions worldwide. Novo Nordisk's commitment to addressing this pressing health issue is evident in its strategic acquisitions and investments, such as the $16.5 billion plan to acquire drug manufacturer Catalent. This move aims to ramp up production of weight-loss and diabetes drugs, including Wegovy and Ozempic, signaling the company's proactive stance in meeting future demands. Novo Nordisk's Chief Executive, Lars Fruergaard Jorgensen, remains optimistic about the company's trajectory, attributing the robust demand to its innovative treatments. Jorgensen emphasizes, "More patients benefit from our innovative treatments, and the agreement to acquire the three Catalent manufacturing sites will enable us to serve significantly more people living with diabetes and obesity in the future." While Wegovy and Ozempic continue to drive substantial growth for Novo Nordisk, challenges persist in other areas. Revenue from insulin products experienced a slight downturn, falling approximately 4% to $1.91 billion. However, this dip was offset by strong performances in other segments, with sales of diabetes drugs witnessing a remarkable 74% increase. Looking ahead, Novo Nordisk ( NYSE:NVO ) remains bullish on its prospects, forecasting sales to climb between 19% to 27% in constant currency for the year. Additionally, the company anticipates a significant jump in operating profit, reflecting its confidence in its robust product pipeline and strategic initiatives. As Novo Nordisk ( NYSE:NVO ) works through the complexities of market expectations and innovation, it reaffirms its position as a pioneer in the field of diabetes and obesity treatment. With a steadfast commitment to improving patient outcomes and driving sustainable growth, Novo Nordisk continues to chart a course towards a healthier, more resilient future.
NYSE:NVO
by DEXWireNews
EURNOK Bearish short-term.The EURNOK pair is currently testing the 1D MA200 (orange trend-line), being at the same time supported by the 1D MA50 (blue trend-line). This ranged trade is the Higher High after the pair bottomed on December 27 2023 and started rising within a Channel Up. Based on the similar bottom rebound after the July 25 2023 Low, we expect the pair to reach the 0.5 Fibonacci level and then reverse downwards. If that happens we will sell there and target 11.3200 (Fib 0.236). ------------------------------------------------------------------------------- ** 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. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Short
by TradingShot
1
USDNOK: Buy signal.USDNOK is trading inside a Channel Up for almost four months, with the 1D MA50 supporting as the medium term Support. The very healthy bullish 1D technicals (RSI = 62.188, MACD = 0.074, ADX = 41.092) indicate that the current price action will lead higher so we are buying into today's strength and aim at another +4.60% rise (TP = 11.500). ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
Long
by InvestingScope
USDNOK Pull-back in full motion. Buy it.The USDNOK pair is trading within a 1 year Channel Up with the price above both the 1D MA50 (blue trend-line) and 1D MA200 (orange trend-line). Last week's rejection on the 0.786 Fibonacci retracement level is similar with the one in March 16 2023, which after pulling back to the 1D MA50 and was contained above the 0.382 Fibonacci, it reversed upwards to a new Higher High just below the 1.236 Fibonacci extension. As a result, we will buy the current pull-back and target 11.5000. ------------------------------------------------------------------------------- ** 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. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
by TradingShot
EURNOK One of the best long-term sellsThe EURNOK pair has topped on the long-term having made a Cycle peak on the week of May 29 2023. So far however, the 1W MA50 (blue trend-line) has (nearly) held twice as Support, but both rebounds failed to cross above the 0.618 Fibonacci level. This price action is very similar to the previous Cycle peak of March 2020, leading to a 1W MA50 rebound that again failed to break above the 0.618 Fibonacci. The direct consequence was a Channel Down to the 1W MA200 (orange trend-line) and the -0.382 Fibonacci extension. As a result, we will sell as long as the price is below the 0.618 Fib and target 10.9000, a projected contact with the 1W MA100 (green trend-line). ------------------------------------------------------------------------------- ** 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. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Short
by TradingShot
2
USDNOK Can Fall Hard If Neckline Is BrokenUSD came down last week as sentiment changed when ECB raised rates by 75bp, so it appears that the USD will now give some moves back as other CB trying to follow the FED. We have also seen some rally on crud, as demand can increase as we approach the winter. Higher crude oil will have a positive impact on some commodity currencies, like NOK, CAD and even MXN, especially during the USD weakness. As such, we have decided to look at the USDNOK today as this one can have the most downside potential. On a daily chart we can see that price came nicely higher last year, but recovery from 2021 low is overlapping which normally means it's a corrective price action. We see this as a higher degree pause in wave B that can be coming to an end after recent turn down from Fibo. cluster resistance area. The divergence line on the RSI also suggests that bulls can be done, especially if we consider the Head & Shoulders top formation. However, a trendline near 9.6 must be broken to confirm lower prices into the third wave of a decline.
by ew-forecast