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Further bullish pressure

Ucef Posted 31 Mar. as Analysis on USD/NOK, Target: 8.1771, Date: 1 von May, 12:00 GMT  in #Technical analysis #Harmonic Trading #Bullish Bias #USD/NOK #Fibonacci Level #Channel Breakout
Daily Vision

The pair attempted to push lower yesterday bottomed at support line but closed higher in another high volatile market.
We have been seeing a strong bearish market for the last two weeks where the pair slump more than 1500 pips without significant correction and the next potential target is seen around (weekly EMA 200) at 8.1771.
The bias is bearish in nearest term. And an immediate resistance is seen around the daily close. While a clear break above that area could lead price t…
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Long term bias is still bullish

Ucef Posted 29 Feb. as Analysis on USD/NOK, Target: 8.4838, Date: 1 von April, 12:00 GMT  in #Technical analysis #Harmonic Trading #Fibonacci Levels #Bullish Bias #USD/NOK #Channel Breakout
Daily Vision

The pair was indecisive last week formed a Doji on weekly chart. The bias is neutral in nearest term but as long as stays above support area.
I still prefer a bullish intraday scenario at this phase targeting 8.4838.
Immediate resistance is seen around daily close. A clear break and daily close above that area could trigger further bullish pressure testing some resistance areas. While an immediate support is seen around weekly close.
A clear break below that area could trigger…
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Ucef 31 Mar.

Update: The pair had a bullish momentum last week after a failure to make a clear break below a support line as you can see on my daily chart below, topped a resistance line and hit a new daily high earlier today.
The bias remains bullish in nearest term testing some resistance areas, which is a good place to sell with a tight stop loss as a clear break and daily close above the daily open could trigger further bullish scenario testing new highs.
Immediate support is seen around the weakly open. A clear break below that area could lead price to neutral zone in nearest term.

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