The pair will continue to move lower in the following days towards its October 2018 low. Norway has the highest Q2 to Q3 ratio among countries in Europe. The country managed to expand by 4.6% in the third quarter, almost completely recouping the 4.7% contraction in the second quarter. In addition to this, the country had a trade surplus of $2.7 billion in October...
Low-interest rates in the united states and a negative current account balance should continue to structurally weaken the U.S Dollar. We look at the following trades Long NZD/USD Long EUR/USD Short USD/RUB Short USD/NOK Short USD/CAD Short USD/MXN Short USD/ZAR
Hi there. Price is forming a continuation pattern to the upside. Watch strong price action at the current levels for buy.
Summary: The market seems to be putting on the reflationary trade today ahead of the uncertainties of the US Election as the USD and JPY wilt, while the AUD rushes higher after brushing off the well flagged easing moves from the RBA overnight. Any strong turn-out among Democrats could support an extension of this development, while a contested election scenario...
Downtrend appears to have ended with price now consolidating sideways. Bottom of channel has been tested twice and price looks close to breakout. Long from pull back into 9.31 with stop at 9.15 and target of 9.6.
The market is at the low end of the curve of where price action is currently trading. I'm bullish on this pair, but I'll be even more bullish after there's a B.A.R. of the $9.8120. However, that may not happen for awhile unless there's some big news drop that'll help propel price to higher levels, but I would be anticipating some more bear action to assist in...
Take a look at the daily chart too. After the massive bear trend, since Sep we have been mostly bullish. As the H4 chart shows, a retracement to 38.2% was completed and I expect the bull trend to resume. The recent high at about 9.61 should be the 1st target, with a review of price action to determine the next possible steps. If you like my analysis, please...
We have a short sell set up for USD/NOK as the U.S Dollars have haven demand decreases as equity markets push higher.
Daily down trend from April appears to have ended. Price has broken above of horizontal resistance and now looks to be testing breakout area. Initial target of 9.40
USDNOK has been one of my favourite Dollar pairs I have kept tabs on ever since the DXY was showing signs of a reversal. This market structure analysis can be used for ANY MARKET since ALL MARKETS move the same three ways. USDNOK was in a long downtrend with multiple lower highs and lower lows. Price then began to base/range/consolidate. This was a sign that the...
Hi there. Price is forming a reversal pattern to change its direction. Wait for the price to complete the pattern and watch strong price action for buy.