Pattern: Rectangle on 1M. Signal: Bearish as the price was rejected on the 1M Resistance Zone. Target: 1.0455 and 1.0215 in extension.
Stochastics confirms short position. Market is trending - ADX on 4 hrs is at 55.
Long SEKNOK @ 0.9140: TP @ 0.93235, SL your choice
Let's take this and see how it feels Goodluck!
Pattern: Ascending Triangle on 1D. Signal: Bullish since the 1.0890 Resistance broke upwards. Target: 1.1000 (lower 1W Resistance).
The recent recovery is classified as a counter trend move. Now that this recovery has reached the 38.2% retracement as well as the MA200 (not shown) from the down side, I expect the setting of a new lower peak on the medium to longer term charts. After some consolidation pressure should mount again leading to a resumption of the primary down trend. Focus remains...
Pattern: Rectangle on 4H. Signal: Bearish as the price is just under the Resistance Zone. Target: 1.0725.
following our last analysis on eursek where we expect a big drop, we expect eursek to behave the very same way it did the last two peaks before drop last months. to target the exact point of reversal during those endless ascending move (generally heralding an important reversal) we want to see two things : 1) the upper bollinger band on 4h time frame must draw an...
eursek has been perfectly bouncing on a support 3 times with a bounce losing intensity each time it hit the support, then it broke and started confidently a down move inside a new channel below. of course now we have through a perfect alignment a retest by below of this previous support, exactly at this point the DMI reaches an extreme value, we do not see how...
Long SEKNOK @ 0.90; TP @ 0.9180, SL your choice
Both long and short targets hit on NOKSEK as the price made a two-way swing within the Rectangle's 1.09456 Resistance and 1.07445 Support. The 1W Rectangle remains valid (RSI = 56.591, STOCH = 52.647, ADX = 18.466) and we will continue applying a scalping approach, currently on a short aiming at the 1.07445 Support (TP).
As you can see from this 1D chart, there is an inverse head and shoulders pattern and the neckline got broken a few days ago which signals that the pattern is complete and it is ready to go up. Moreover, the price is still above the moving average which tells us that the price is still in an uptrend. Therefore, we can buy NOKSEK at this pullback and aim for the...
=> For those following our USDSEK idea you will know we believe the negative SEK flow is something that has run its course. => Oil is starting to look very heavy at the highs, the boat is fully loaded with almost 90% are now bullish. In the oven we have more advancements coming on the electric side which will likely show a clear inflexion point for the end of oil...
NOKSEK is trading within a long term Rectangle on 1W (Williams = -53.421, CCI = 12.5397, Highs/Lows = 0.0000) with 1D indicating that at the moment the price is on the pivot (RSI = 51.985, ADX = 17.916) with both directions equally probable. We will be scalping within the Resistance (1.09456) and Support (1.07445) lines indicated in blue.
while people are stuck and excited on the big pairs .... and losing a lot of money, the best pairs are the forgotten ones. noksek is closely monitored by the swedish and norwegian central banks, so that there is no big deviation so no big losses on your account, and the moves are repetitive like a parrot. we have reached again a situation with a parallel UBB, MM...
Yes. Just do it. SHORT that bitch. Or wait for the MACD cross and a lower low.