Get started
peterbokma

USDNOK-BUY strategy

Long
U.S. Dollar/Norwegian Krone (FX:USDNOK)  
peterbokma  
FX:USDNOK   U.S. Dollar/Norwegian Krone
Trend Analysis Technical Indicators
2
0
trendanalysis indicator
Both the daily chart and the 4-hourly chart suggest that we are oversold and in danger of a sharp correction. Yes, oil is firm and that underpins the pair. However, moves are overdone and we should see corrective action.

Strategy BUY current @ 10.31-10.33 for a profit move to 10.4750 for now.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.