Chart 2 of 5 CHFNOK Support & Resistance PlayTrying to make money with long consilidation periods. Longby billly4u0
A NOKout in round 1 - Why the NOK will win 2024Over the past two years, the Norwegian krone has undoubtedly been one of the big losers in the FX market. Not only has it embarrassingly been constantly beaten up even against the EUR and traded at an all-time low, no, since November 2022 it has bottomed vs. ALL G10 currencies. This was hardly surprising as almost all fundamental factors spoke against the NOK. However, the tide will turn dramatically in 2024: NOK positive: ➡️ Energy prices appear to have bottomed out and could rise again🟢 ➡️ The oil price seems to be stabilising around the USD 60-70 mark and could rise in the event of a soft landing🟢 ➡️ January and February are seasonally positive for the NOK🟢 ➡️ Norges Bank surprised EVERYONE in December by raising interest rates again🟢 ➡️ Norges Bank enters 2024 as one of the hawkishest of the G10 central banks ➡️ A further rate hike by Norges Bank in early 2024 cannot be ruled out🟢 ➡️ It would raise interest rates while virtually all other central banks would be in rate cut mode🟢 ➡️ Norges Bank will drastically reduce its NOK purchases from January (as previously announced by me in the NOKSEK Tradeidee ), see here:Shortby PrimeTradingUpdated 222
CHFNOK - BEARISH ABCD PATTERNCHFNOK has formed Bearish Harmonic ABCD Pattern. Stop Loss , Entry price and TP'S have been marked.Longby ahmadkhandawar7860
CHFNOK - Testing SupportCHFNOK is consolidating after a powerful down move. It could be finding support as a base for an up move. A failure of this support could lead to a price freefall to new long term lows. by fugutrader0
CHFNOK - Possible Bullish ReversalHigher lows made in previous downtrend. Could be a bullish turning point with a well defined failure of reversal and continuation of downtrend being the downward penetration of the previous pivot lowby fugutraderUpdated 0
CHFNOK Sell 15 MInute ConfirmationThe 13 EMA has Broken above the 5 EMA on the 4 Hour Time Frame The Fast MA on the Trade Development Index has already broken the 20 implying that the currency pair was over bought Fib Retracement confirms a target to the Short side Take Profit is Derived from PivotsShortby ThePipMessiah1
CHFNOK - Another bearish trendCHFNOK seems like going again for Bearish Trend as it has broken below recent HL levelShortby aatifbabar860
CHFNOK Buy 15 Minute ConfirmationThe 5 EMA has Broken above the 13 EMA on the 4 Hour Time Frame The Fast MA on the Trade Development Index has already broken the 20 implying that the currency pair was over sold Fib Retracement confirms a target to the Long side Take Profit is Derived from PivotsLongby ThePipMessiah1
CHF/NOK - Bearish Divergence & Double Top PatternCHF/NOK is showing Bearish RSI Divergence and formed a double top pattern. Expecting price to break the support and trend bearish. Shortby Tempo_Trades0
CHFNOK 1H - Bullish TrendAnalysis: CHFNOK is currently in a bullish trend. If price comes at Fib level 0.38, we can enter in a long trade. For this trade the stop loss will be at 11.27389 which is the previous higher low level. ------ Trade ------ Chart: CHFNOK Type: Long Entry: 11.34951 Stop Loss: 11.27389 TP1: 11.42513 TP2: 11.50075 Longby kspilot0
Project Genesis - CHFNOK Sell With 15 Minute ConfirmationThe 13 EMA has Broken above the 5 EMA on the 4 Hour Time Frame The Fast MA on the Trade Development Index has already broken the 20 implying that the currency pair was over bought Fib Retracement confirms a target to the Short side Take Profit is Derived from PivotsShortby ThePipMessiah1
shortprobabilities shown short because the price is in resistant area. double top aheadShortby dimitrisss27711460
CHFNOK 3/8 trap bullish outlooklooks like we are heading to the upside . might consider position trading this for longer term return.Longby sergiojdelgado0
Going short on CHFNOK there is double TOP at resistance. it respect strong resistance of 10.72208 Piercing candle form so it give bearish ideaShortby malikamjadhussain0
CHFNOK Sell order at B positionAB=CD, Dow theory, Fib resistance fall between 0.5 - 0.618, Shortby jasonmichael4690
CHFNOK Bearish Gartley PatternUpon completion of the pattern, it would be wise to look at price action in order to confirm if there are any valid short entries opportunities.Shortby UnknownUnicorn27418153112
CHF/NOK Short From ResistanceThis has retraced back to resistance as expected, now there is the opportunity to short. If we see this rebound from this resistance and MACD remain below 0 and EMA's do not cross higher then this will drop. Target is 9.02671 where this should find support and bounce higher. Shortby olly481
CHFNOK for a test of the support 🦐CHFNOK on the 4h chart is moving inside a descending channel. The price is now consolidating between 2 structure and IF the market will break below, according to Plancton's strategy, we can set a nice short order. --–– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ Black structure -> <4h structure. Here is the Plancton0618 technical analysis , please comment below if you have any question. The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger. Shortby InkyGripUpdated 447
CHF/NOK Retrace Made, Now Turn LowerAlready short on this but it has retraced back to resistance and is now rejecting from here. More shorts can be entered with SL above the high of support and I have a target of 9.07100. There are a couple of support levels before the target which are shown on the chart, these can be used for short term profit taking and used with a swing trading strategy for lower risk.Shortby olly483
CHF/NOK Awaiting Turn LowerLooking for a short on this. The support was broken and it is now retesting as resistance. Waiting for this to reject then can enter the short. Target is 9.32335, there may be some support at 9.40720 which could cause the price to rebound slightly but hopefully it will pass through this. There is also a longer term target at 9.07100. Shortby olly482