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USD/NOK

Tools used for Analysis:
EMA (14 ), ATR, candlestick chart, Horizontal lines, volume. Support and resistance point.
Charts: 2 weekly and monthly.
Support exists at 8.2324
Resistance exists at 8.6436
Volume: Neutral
Trend: Side-wise
price moving in the range direction after testing resistance area 8.6436
can stay in range direction for the coming weeks.
My expected target on 1st of May for USD/NOK is: 8.3580
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USD/NOK

Tools used for Analysis:
EMA (14 ), ATR, candlestick chart, Horizontal lines, volume. Support and resistance point.
Charts: 2 weekly and monthly.
Support exists at 8.0374
Resistance exists at 8.8244
Volume: High
Trend: Up
price moving in the upside direction after testing support area
can stay in upside direction for the coming weeks.
My expected target on 1st of February for USD/NOK is: 8.8244
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USD/NOK

Tools used for Analysis:
EMA (14 ), candlestick chart ,Horizontal lines, volume. support and resistance point.
Downside support exists at 7.9764
upside resistance exists at 8.7239
volume : neutral
price moving in the upside direction after testing support area
can stay in range direction for the coming weeks.
My expected target on 2nd of January for USD/NOK is : 8.2682
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priceaction113 avatar

USD/NOK has pushed sharply higher with a move to near 8.70 from 8.40, primarily due to a wider dollar surge with monetary policy decisions from both central banks in focus.

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The increase in US interest rates support USD/NOK in the short term, especially as short-term benchmark rates have moved above Norwegian rates

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Norway will also still be running a substantial current account surplus, which will provide some degree of support for the krone over the medium term and the overall economic fundamentals remain robust.

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USD/NOK

Tools used for Analysis:
EMA (14 ), candlestick chart ,Horizontal lines, volume. support and resistance point.
Downside support exists at
upside resistance exists at
volume direction neutral
price moving in the downward direction after testing resistance area
can stay in downside direction for the coming weeks.
My expected target on 1st of December for USD/NOK is : 7.8487
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Elens94 avatar
Elens94 10 Out

interesting

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USD/NOK


Tools used for Analysis
:
EMA (14 ), candlestick chart ,Horizontal lines, volume. support and resistance point.
Downside support exists at 8.0520
upside resistance exists at 8.7345
volume direction neutral
price moving in the range direction after testing support area
can stay in range/ direction for coming weeks
My expected target on 1st of November for USD/NOK is :8.0520
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wisdom_consultant avatar

interesting

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USD/NOK

Tools used for Analysis:

EMA (14 ), candlestick chart ,Horizontal lines, volume. support and resistance point.
Downside support exists at 8.0408 and 8.1762
upside resistance exists at 8.5300 and 8.6916
volume direction high
price moving in downside after test of upper resistance area i.e 8.5300. can test support areas in coming next 2 weeks
My expected target on 3rd October for USD/NOK is : 8.17621
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