Shuael's Blog

Avatar

USD/NOK up to 8.0167

General:
The pair is in a general up trend as you can see from the weekly and daily chart . I think that a triangle pattern is formed ( and it has been broked) for this reason i think that the price will go up
Expected rate of the pair for 1st of April: 8.0167
Support: 7.7000
Resistence: 7.8595; 8.0167
On the weekly chart:
On the weekly chart i just pointed out the main up trend
On the daily chart:
On the daily chart i draw the possible scenario if the trangle pattern "works"
Read full story
Translate to English Show original
Shuael avatar
Shuael 30 Mar.

Update: The price passed my targetand then had an  retracement down. At the moment the price is very near my target.

orto leave comments
Avatar

USD/NOK down to 7.2698

General:
The pair in these weeks had a very big up move but the price couldn't pass the resistence level around 7.8387.
Expected rate of the pair for 2nd of March: 7.2698
Support: 7.2698; 6.9178
Resistence: 7.8387
On the weekly chart:
On the weekly chart you can see how the price moved up after breaking the support level around 6.2697
On the daily chart:
On the daily chart you can see that the price couldn't pass the resistence level several times, for this reason i think that a retracement is near.
Read full story
Translate to English Show original
orto leave comments