Hot-Charts
Revisiting USDNOK
by
Feb 26, 2009 16:03
| 2 Comments
In revisiting the NOK trade, we see a confirmation of the persistent consolidation in the USDNOK pair, albeit, at a narrowing range with a 7.00 trend line resistance and 6.75 support. The last Hot-Chart (Feb 11) supported the case for wide consolidation but the latest decline in the trend line resistance indicates the 6.99 upside may be attained by bullish oscillators, paving the way for the next leg down towards 6.97, 6.90 and 6.78.
More Hot-Charts
-
Scary الخوف
Dec 18, 2024 20:17 | by Ashraf Laidiسأخبر مجموعة الواتساب ما هو هذا الرسم البياني وماذا يعني لصفقات الناسداك . -
EURGBP Reminderتذكير
Dec 13, 2024 16:45 | by Ashraf Laidiسيتم تحديث التحليل على مجموعة الواتساب البرودكاست . Discussion to follow over the WhatsApp Bdcst Group .. -
Bitcoin December Lows
Dec 10, 2024 20:34 | by Ashraf LaidiWill Bitcoin show a December bottom soon? ..
For a position trade such as NOK is there anyway to calculate an upside cap in the event the SP challenges 709 or heaven forbid the mid 600s ? I suppose the market will decide! I am also surprised that the 15% rise in the oil price has had no positive effect on NOK.