Open trading account 
Trading concept:Stochastic indicator and price action are the only indicators used. When stochastic crosses up,we assume it is time to go long, when it crosses down we assume it is time to go short.When it crosses up above 80, it is still a good place to go long, but with caution, as such areas are overbought areas. So predictions at this point could also be bullish, but bearish predictions are a good possibility here also. Same applies for when stochastic is below 20, the trend is bearish with …
P3tr4's Blog
USDNOK FALLING!!
Trading concept:Stochastic indicator and price action are the only indicators used. When stochastic crosses up,we assume it is time to go long, when it crosses down we assume it is time to go short.When it crosses up above 80, it is still a good place to go long, but with caution, as suchareas are overbought areas. So predictions at this point could also be bullish, but bearish predictions are a good possibility here also. Same applies for when stochastic is below 20,the rend is bearish with a s…
US dolar to take usdsek up
Indicators used: Stochastics (default setting) Bollinger bands (default setting)
After a very tight range, the pair did a bullish breakout. My forecast is based on a continued dollar rally.
the daily chart shows the stochastic indicator crossed down, meaning there is room for some down side movement before the pair takes off.
weekly charts shows rejection from the top band of the bollinger band, showing a possible resistance is forming there. Price going above this band should open room for 8.2 …
After a very tight range, the pair did a bullish breakout. My forecast is based on a continued dollar rally.
the daily chart shows the stochastic indicator crossed down, meaning there is room for some down side movement before the pair takes off.
weekly charts shows rejection from the top band of the bollinger band, showing a possible resistance is forming there. Price going above this band should open room for 8.2 …
USDNOK going higher
The trend is clearly up on the usdnok.
I am counting on the dollar power to continue, its effect will be felt very well on this pair. My target is 6.9505.
on the monthly chart we can see the main resistance level, i expect the climb to stop there and drop a bit.
I am counting on the dollar power to continue, its effect will be felt very well on this pair. My target is 6.9505.
on the monthly chart we can see the main resistance level, i expect the climb to stop there and drop a bit.
USDNOK rising...
on the monthly chart, we can see the USDNOK above the 20EMA and 200EMA. A monthly close above these should see the pair going to the next resistance level.
The next high level the pair could possibly reach is the 7.0 handle.
The next high level the pair could possibly reach is the 7.0 handle.