USDNOK trade ideas
Short opportunityPrice is moving nicely in sideway channel. Potentially we can expect some bounce up to local ressistance before another test of lower line of channel.
USDNOK reversed from resistance, potential drop!
USDNOK reversed off its resistance at 9.22270 where it could potentially drop further to 9.03380.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
USDNOK - updateEarlier assumption still valid and becoming a probably structure.
Waiting for an ending diagonal to complete a large flat.
USDNOK - Under pressureUSDNOK (1H) - short term bearish bias
The US dollar had been going sideways between 9.0700 and 9.2200 during the November consolidation. As the pair made a U-turn at the daily resistance, we can expect further weakness as a result of profit-taking from range-bound traders. The break of the key support level at 9.1600 put the greenback under increasing pressure as fresh sellers start to join the battering. The area between the 20 and 30-hour averages could see heightened volume before the next bearish movement.
Key support: 9.1280
Key resistance: 9.1770
USDNOK potential reversal!
USDNOK expected to rise up to 1st resistance at 9.18400 where it could potentially react off and drop down to 1st support at 9.15020.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
USDNOK bounced from support, potential for a further rise!
USDNOK bounced off 9.19264 where it could potentially rise further to 9.24770.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
USDNOK approaching resistance, look out for potential reversal!
USDNOK is approaching its resistance at 9.18280 where it is could reverse down to its support at 9.12780.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
USDNOK reversed from resistance, potential drop!
USDNOK reversed off its resistance at 9.18280 where it could potentially drop further to 9.12780.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
USDNOK reversed from resistance, potential drop!
USDNOK reversed off its resistance at 9.18280 where it could potentially drop further to 9.12780.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
Range moveUSDNOK at range move. We can expect testing ressistance however breaking ascending trendline can give some short term opportunity.
USDNOK 4HUSDNOK 4H
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the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
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USDNOK bounced from support, potential for a further rise!
USDNOK bounced off 9.17150 where it could potentially rise further to 9.21400.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
USDNOK reversed from resistance, potential drop!
USDNOK reversed off its resistance at 9.17150 where it could potentially drop further to 9.11730.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
USDCAD broke a key support level, triggering the drop down to next major support!
USDCAD could potentially drop further to 1.31520.
Trade Idea on USD/NOKTrade Idea on USD/NOK based on US-NO yields and rising wedge on the weekly. The Krone is usually in lockstep with USOIL, which I expect to drop early December (ARAMCO IPO holding it up and inventories showing lack of demand).
Target 8.95 demand zone. 200 pips, yes, please
USDNOK - developing structure to the downsideThis structure may imply that the idea with EURNOK will need a revision with respect to the correction that is taking place (likely to be extended).
With this instrument the structure looks like wave C is missing, and the move up that started on the Nov 18th, is in three waves. That is, most likely, a part of an ending diagonal, that will complete a larger three-wave corrective pattern.
Good luck and take care!
