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 the slightly bearish tendency. It could be considered the zone at 8.3001 as possible selling opportunity. A bearish crossing at 8.0001 and a bullish crossing at 8.998 can validate a significant bearish or bullish monopoly.




FIGURE 1 shows the bullish tendency




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