No change in view. We are protected well at GANN resistance above 10.7500, which is slowly declining. The stochastic is negative, and RSI is POS. The pattern suggest we should see lower, and considering the NOKZAR cross, this paiur should hit south as well, same as USDZAR did in the near term. Strategy SELL @ 10.58-10.65 and place stop-loss now above 10.75....
This is my bearish trend idea. However wait for a fall back to a key level after trend continue to downtrend momentum, because overall structure breakout and continue to downtrend. You can see it high time frame momentum. Good luck
No change in view. we are in a wide playing field 10.2300-10.7600 within the GANN angle The stochastic is negative and RSI is positive but at the higher end, but not extreme. Basing on the large move seen in the past, we should seek SELL side is my personal view. Strategy SELL @ 10.5900-10.6500 and place stop-loss above 10.7675 for now. Profit order @ 10.2950.
The pair also had a strong run last weeks after break of GANN resistance @ 10.3200 area. Now we are in overbought territory and likely a pullback is possible. The RSI is overbought, and stochastic is showing signs of turnaround. Strategy SELL @ 10.6500-10.7200 and place stop-loss above 10.7800 for now. Profit order @ 10.3500.
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The pair is still locked in within the wide range 10.0800 - 10.3800 rounded. The pattern is a continuation pattern (quite likely), and this means we should look SELL in to rallies. The stochastic is negative as a note. Strategy SELL @ 10.25-10.35 range and take profit @ 9.8350 with a stop-loss @ 10.4100. note: am away for 10 days roughly and may not always update.
We are in a range for now between 10.3850 and 10.0300 area. The shape of the channel suggest it will become a continuation pattern, and for that reason I prefer SELL into rallies. The range will remain wide, so we require deep pockets for this one. The stochastic and RSI are turning, but not confirmed SELL as yet. Pressure exists though, and for that reason I...
the pair starts to topple tiny bit, and looking at the channel, we are at the high, and we shouod be able to see 10.12-10.15 again. Strategy is SELL current 10.2650-10.2800 and take profit @ 10.1550 for now. Stop-loss above 10.3350.
The pair shows weaker motivation on the corrective move, and this is due to the NOKZAR causing more SELLERS on USDNOK. This may be lesser now, and should give room for a rise. I would be careful in terms of entry level, but overall objective is 10.4600. The weekly chart is positive for USDNOK. Strategy BUY @ 10.15-10.2300 and take profit @ 10.3700 for now....
t feels the pair has been behaving like a fixed exchange rate. we have range for many, many sessions, and this may discourage anyone for committing to a trend. The cloud is supportive with support 10.0400 (base cloud) and 10.1390 above cloud. The base- and conversion line are identical, and for the rest stochastic is NEGATIVE. The daily chart shows we are...
Same issue as with the USDZAR pair. We have a wide range to trade within, but now we are positive stochastic and RSI and makes the case stronger for move to 10.3700. Strategy BUY @ 10.05-10.15 and place stop-loss belo0w 9.9150. The profit order @ 10.3575 for now. Keep in mind we have strong resistance 10.2150 and need to be overcome. Overall, we will see north,...
USDNOK is sitting at the Demand Line of an Overall Bearish Ascending Broadening Wedge Pattern that happens to align with the 1.272-1.618 PCZ of a Bullish Butterfly; along with that, we have PPO Confirmation, RSI BAMM, and a MACD Bullish Crossing. Given the scenario, I can see this trying to retrace up 50-88.6% of the Harmonic Range before coming back down and...
The pair has been trading within a well defined band, and has been under pressure or support from NOKZAR pair, which has been hammered down. The stochastic is POS and so is the RSI. Strategy BUY between 9.9700 - 10.0450 and stop-loss below 9.9150. The profit order I suggest 10.3800. Mind the resistance @ 10.2100, and perhaps we trade it when approaching.
Slowly the case is building for a move upwards into the 10.3000-10.4500 case. The reason being, we are supported by GANN support 9.9700 area (on a closing basis), and strong DC support near 9.8400. The stochastic is reluctantly POS and th RSI is not as yet. Strategy is BUY @ 9.9800-10.0400 range and place a stop-loss below 9.8400. The profit objective @ 10.3700.
The channel broker, and also we moved from POS to NEG stochastic and a NEG RSI as well. It feels we may test lower levels first, and likely we may see somewhere 9.8850 before we may see meaningful move back towards 10.1100 again. Strategy SELL @ 9.9850 - 9.9950 and place stop-loss above 10.0650 and take profit @ 9.8875 for now.
It depends to the overall purpose. If we look at the 3-hourly chart, we have resistance 10.0940 area DC top, and support GANN 9.9700 roughly. So we would play between those bands short-term. If take the daily chart, we got DC support below 9.9200 and for the rest we are open until 10.2100. Strategy 1 - SELL current @ 10.0750 and place stop-loss above 10.1025...
The pair has been quite under pressure, and p0erhaps for the wrong reasons. Currently, we have managed to move beyond 9.9900 and this helps the pair to recover further. The strategy is BUY @ 9.9950-10.0400 and take profit @ 10.1200 for now. Note that 2-hourly stochastic is reaching heights, and it means the move will not be a one-way bet. Stop-loss can place...
The pair as like all others hammered down due to CPI and PPI. Markets are always extending moves, and that creates challenges. The stochastic as well RSI show that there will be a turnaround the corner. We have moved below the regression channel, which in most cases will realign. Yes, its tough, but with the right leverage we whether the storm nicely and add...