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Blog 14/7: Sell USDNOK follow the weekly chart

Haynes6EU Publier 14 juillet  dans #Trader's blog #NOK #Usdnok
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!

Haynes6EU Publié 30 avr comme Analyse sur USD/NOK, Cible: 8.68636, Date: 1 de juin, 12:00 GMT  dans #Technical analysis #NOK #Usdnok #USD/NOK #Norwegian Krone
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 4 mai

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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Haynes6EU 8 mai

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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Haynes6EU 15 mai

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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