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BOAS FESTA

Noite feliz, noite feliz.
Oh senhor do amor
Pobrezinho nasceu em Belém
Contemple na lapa, Jesus nosso bem
Durma em paz, ó Jesus.
Durma em paz, ó Jesus.
Noite feliz, noite feliz.
Eis que no ar vêm e cantam
Aos pastores os anjos do céu
Anunciando a chegada de Deus
De Jesus, Salvador!
De Jesus, Salvador!
Noite feliz, noite feliz.
Oh senhor do amor
Pobrezinho nasceu em Belém
Contemple na lapa, Jesus nosso bem
Durma em paz, ó Jesus.
Durma em paz, ó Jesus.
Noite feliz, noite feliz.
Eis que no ar vêm e…
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Blog 14/7: Sell USDNOK follow the weekly chart

Hi Traders,
The weekly chart of USDNOK shows a good chance to sell for medium-term. It's seem that up trend of USD started from mid-2014 just gone to the end. My simple strategy is that choose better entry point on smaller time frame to join in the market.
Let's see the weekly chart below:
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USDNOK - Visit 8.7 level again!

Hi community members,
Background: this forecast base on balanced distribution (supply vs demand; price oscilator and median). Because the technical contest is to predict price on 1st of June, so I use weekly chart for trend and range forecast; daily chart for price point forecast.
Weekly chart: Price has moved inside 8 ~ 8.7 range for a years and median price area is thin now, supply and demand are balance in small price range and waiting fundamental data (US economy, monetary policy and oil pri…
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Haynes6EU avatar

Update 1: Prices continue to rise slowly but stable and can hit target 8.7 in few days ahead. Oil price falling and stand near support level now. I expect commodity currency such as AUD, NZD, CAD and NOK continue are weak.

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Update 2: Prices visited 8.7 last week and fall quickly from high level on last friday but  prices still be in uptrend, it's just correction. I'm not surprise if prices move up above 8.7 again.

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Update 3: NOK demand is supported by increasing oil prices. The pair USD/NOK still be an uptrend and oscilating inside range 8.5 ~ 8.7. USD/NOK is trading at 8.55 as of writing, it will be too early to expect prices decline futher more from this level.

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USD/NOK


CHART SCALE
: Weekly
INDICATORS: Parabolic Sar, Money Flow Index, Linear Regression Slope
RESISTANCE LEVELS: 8.998
SUPPORT LEVELS : 8.0001
PAIR ANALYSIS :
USD/NOK is in a bullish trend around the resistance zone at 8.3001 as indicated in fig 2 . The currency pair has been dominated by a bullish position tendency with different corrections along the resistance lines as indicated in fig 1. The Linear Regression Slope around -0.001, the MFI and the configuration of the Parabolic Sar seem to confirm…
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Elens94 avatar
Elens94 2 Nov

well done!

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good job!

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BEARISH REGIME

Indicators
: RSI, Volatility, Volume, HMM

Key price levels : 9.17983 9.71891

Weekly Charts pattern : resistance line , W1 Chart.

Weekly Vision

The pair is moving in a bearish dynamics. The chart analysis indicates the bullish dynamics and can be supported by the Hidden Markov Models Analysis and the RSI momentum indicator. The level price at 9.17983 as a support zone could bring to a bullish retracement.

Daily Vision

The D1 scale indicates that the patttern…
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Durden avatar
Durden 30 Apr

The EUR/NOK can be bearish dominated in consideration of the EU monetary policy

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Durden 2 Mag

SLightly bullish for the US session, HMM indication

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Durden 11 Mag

Slightly bearish session for the HMM analysis

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Durden 17 Mag

The chart analysis and the hidden markov model support the bullish regime.
The dynamics of  Euro zone can lead to a bullish regime, the monetary policy and the  british referendum also can give support to this study

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Durden 31 Mag

The BCE release can support the bearish regime for the EUR pair. The Hidden Markov study and the RSI analysis are coherent with a trendless regime. Bearish for the pair EUR/NOK

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BULLISH REGIME


INDICATORS
: RSI, Volatility, Volume, HMM

KEY PRICE LEVELS : 8.7030 8.88022 8.99

Weekly CHART PATTERN : resistance and support lines, W1 Chart.

Weekly VISION

The pair USD/DKK is moving in a bullish dynamics with a resistance zone at 8.99. The indicator analysis indicates a slightly bullish dynamics and it can be supported by the Hidden Markov Models Analysis and the RSI momentum indicator. Standard Dev is relatively adeguate with a slightly bullish tendency. The chart can suggest a bearish …
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Durden avatar
Durden 30 Nov

HMM analysis in chart H4 shows a no bias - slightly bullish regime. The chart analysis integrated with the RSI and the volatility studies are coherent with a slightly buying market side forecast. The pair USD/NOK can have a  +0.002 % at the Asian session opening.

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Durden 13 Dic

The USD/NOK pair can have a bullish retracement in consideration of the FED possible decision about the interest rate.

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BULLISH CHANNEL

Indicators: RSI, Volatility, Volume, HMM

Key price levels : 9.1683 - 9.6320 - 9.8028 - 9.9086

Weekly Charts pattern : resistance line , W1 Chart.

Weekly Vision

The pair is moving in a bullish channel dynamics. The chart analysis indicates the bullish dynamics and can be supported by the Hidden Markov Models Analysis and the RSI momentum indicator. The level price at 9.1683 as a support can bring to the bearish regime.

Daily Vision

The D1 scale indicates th…
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foreignexchange avatar

Great analysis.  EUR recovery ?

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Durden 2 Ott

The EUR/NOK  is in a slightly bearish regime. The EUR positive bias can be improved  by the PPI release. The hidden state target is evaluated at +0.1 % at US closing market.

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Durden 8 Ott

The pair shows a slightly bullish regime. But Hidden markov model and RSI support the -0.1% of the EUR pair again the NOK counterpart.
EUR  Fundamental suggest the sell side regime ( German Production ) .

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USD/NOK possible trendless after bullish domination

CHART SCALE: Weekly
INDICATORS: Parabolic Sar, Money Flow Index, Linear Regression Slope

RESISTANCE LEVELS: 8.35807

SUPPORT LEVELS : 7.2998 - 8.1098

PAIR ANALYSIS :
USD/NOK is in a bullish trend around the resistance zone at 8.35807 as indicated in fig 2 . Since beginning of 09/2014 the currency pair has been dominated by a long position tendency with different corrections along the resistance lines as indicated in fig 1 . The Linear Regression Slope around 0.04, the MFI and the configuration…
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Comment 1 - The 27/08/2015 GDP release indicates the improvement of the US economy.
The cyclic technical analysis and the  NFP  forecast could support for the pair USD/NOK  a slightly bullish tendency.

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Comment 2 - At the opening of  week 30/08/2015 the pair  USD/NOK  pattern indicates a slightly bullish propency. This tendency can be supported by the positive linear regression slope and the bullish parabolic Sar.

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Comment 3 - Retail Sales can be considered in a steady state at 0.4%.
GDP reading, Unemployment Rate, goods order and CB Consumer Confidence support the Sales recovery. In this context the pair USD/NOK can facilitate a bullish tendency for the session.

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Comment 4 - The great result at GDP Q2 (+ 0.2 on forecast) seems to suggest to facilitate the USD recovery. Also the Michigan consumer sentiment can be a support for the bullish tendency for USD/PLN

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EUR/NOK possibility of bearish retracement

CHART SCALE: Weekly

INDICATORS: Parabolic Sar, Money Flow Index, Linear Regression Slope

RESISTANCE LEVELS: 9.32 - 9.35

SUPPORT LEVELS : 8.7092 - 9.008 - 9.31192

The USD/NOK pair pattern is in a bullish trend as indicated in fig 1 . Since beginning of 14/05/2015 the currency pair has been dominated by a long position tendency with a sellers opportunity correction at 9.098 . The Linear Regression Slope at 0.02, the Parabolic Sar distribution and Money Flow Index support the bullish analysis. …
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Comment 1 - At the opening of  week 30/08/2015 the pair EUR/NOK pattern indicates a slightly bullish tendency . This trend can be supported by the bullish linear regression slope and the bullish parabolic Sar distribution

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USD/NOK possible retracement in Bullish Channel

CHART SCALE: Weekly
INDICATORS: Parabolic Sar, Money Flow Index, Linear Regression Slope
SUPPORT LEVELS : 8.22087 - 8.9192
RESISTANCE LEVELS: 7.3085 - 7.9718
PAIR ANALYSIS :
USD/NOK is in a bullish trend within a channel but around the resistance zone at 8.22087 as indicated in fig 2 . Since beginning of 09/2014 the currency pair has been dominated by a long position tendency with different corrections along the resistance lines as indicated in fig 1 . The Linear Regression Slope around 0.003, t…
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Comment 1 - At the meeting of the FOMC, the Fed has apparently given no change regarding the monetary policy. The interest rate remains at 0.25%, this can be analyzed as a possible neutral on chart analysis.  In consideration of the American economy scenario it is possible to forecast a slightly bullish tendency.

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omment 2  - The USD is in a bearish tendency against other major currencies after data showed a smaller improvement than expected non-farm payrolls data in July, weighing on expectations of a rise in interest rates.  The payroll processing company ADP reported that nonfarm employment has seen an increase of around 185,000 new jobs, against a forecast of 215,000 units.
So the economic release could suggest a bearish tendency for the pair USD/NOK .

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Comment 3 -  The NFP release marginally disappointed the USD bulls. The  215,000 in the NFP values  did not improve the 225,000 units forecasted but the result can be  evaluated as profitable for an improvement of the interest rate. So it is possible a bullish tendency for the USD/NOK pair

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Comment  4 - The 27/08/2015 GDP release indicates the improvement of the US economy.
The cyclic technical analysis and the  NFP  forecast could support the bullish tendency of the  USD/NOK

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Comment 5 - At the opening of  week 30/08/2015 the pair  USD/NOK  pattern indicates a slightly bullish  tendency . This trend can be supported by the positive linear regression slope and the bullish parabolic Sar.

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