In this update we review the recent price action in the USDNOK and identify the next high probability trading opportunity and price objectives to target
The Norwegian Kroner continues to strengthen against the U.S Dollar.
Higher Crude Oil prices are increasing the demand for the commodity-linked Norwegian Krone.
The Dollar is weaker due to lower interest rates and the negative balance in the U.S Current account.
In the video we look at selling the exchange rate, with take profit targets, stop loss, and entry...
Hello everyone, if you like the idea, do not forget to support with a like and follow.
Here is the top-down analysis for USDNOK, feel free to request any pair/instrument or ask any questions in the comment section below.
Best of luck!
We have a sell set up for the USD/NOK as higher oil prices support the commodity-linked Norwegian Krone.
We look at entry price, stop loss strategies using volatility analysis.
Good day trader's, here's my day nineteen video of the #100DaysofTechnicalAnalysisChallenge. USD/NOK caught my interest and here's a full breakdown on it. I'll look to go LONG on USD/NOK only if my trading criteria is met. Let me know your sentiments on it in the comments.
on DAILY: USDNOK is approaching a demand area in red so we will be looking for objective buy setups on lower timeframes.
on M30: USDNOK is trading inside an objective channel in orange so we are waiting for a momentum candle close above the last swing that forms around our upper orange trendline to buy this pair.
we also have a regular bullish divergence on MACD...
Hello Traders, here is the full analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied.
