Chart of price change USD/NOK

Currency pair USDNOK reflects interrelation of the American dollar and Norwegian krone. In this trading instrument the American dollar acts as the base currency, and Norwegian krone — quoted. Economic indicators of the USA and a rate of exotic pair USDDKK have an impact on quotes of this financial instrument. Using this trading instrument in the Forex market, it will be useful for a trader to pay attention to economic indicators of the United States. High activity of the biddings on this trading instrument is observed in working hours of the European and North American exchanges.

 

USDNOK
USDNOK, H4 Forecast

Sell

0 213
Marenno 2902 653
Wave 5 of the shorter time frame
USDNOK, H1 Forecast

Head and shoulder pattern has been cancelled, although it was so clear, but it didn't mess up our EW count, and a minimum criteria for a H1 5th wave is met, however there are no signs that it's finishned yet.

0 140
Marenno 2902 653
Due to a H&S
USDNOK, H4 Sell Profit: -707.1 pips RoR: Stop Loss

Short term sell

0 5
Marenno 2902 653
1H chart is giving a signal ro reverse
USDNOK, H1 Forecast

However, we're possibly in a wave 3 (altough it can be a correctional wave c) Please look at the chart for details

0 140
Marenno 2902 653
A wave 50% level is reached
USDNOK, D1 Forecast

Basically there is a possibility for the correctional wave c formation, as a daily chart is showing engulfing pattern. The price can continue to raise though, and a key U turn area is at 8.3000 area. Not clearing a high at 8.41725 and a confirmed U Turn before will give us a signal that correctional wave B is formed and we're now having a good selling opportunity for at least the same price range of the wave A.

0 155
Marenno 2902 653
USDNOK Range movement, still bullish for USD
USDNOK, H4 Forecast

If the pattern on the chart is considered as a Triangle, it can be a false breakout and a possible short term reversal for the pair. Breaking above 8.1000 will lead a price towards 8.300, in case of a down move continuation theprice can retest 7.9000

0 61
Marenno 2902 653
USDNOK Daily Ranging
USDNOK, D1 Forecast

The pair is ranging for the last 25 Days. There is a possibility for the USD correctional move downside out of the range towards the area of 7.3000. Political News which might happen during a few days from now, can shake the price out of the range. Пара находится в ценовом диапазоне 7.5000 - 7.8000, вполне возможно коррекционное движение доллара в район 7.3000, либо продолжение колебания цены в диапазоне. Происходящее на политической арене вполне может вывести цену из ценового диапазона.

0 2
Walid 538 246
Down movement before bouncing up
USDNOK, H1 Forecast

By looking at USD/NOK on hourly timeframe we found that the pair currently trading near to the upper boundary of the channel, and bouncing down from it to trading now at 7.7601 which mean that we have some down movements to the lower boundary of the channel near level 6,6950 before we see a bouncing up again till the upper boundary. Beside that we found some important insider economic levels may be useful in trading by determine targets and stops. *7.84000 Medium offers *7.67600 Strong demand *7.58000 Strong demand

0 154

Economic indicators of Norway have an impact on a currency pair USDNOK. This country is the third in the world in production and export of gas and oil. In addition, the cost of Norwegian krone is dependent on a world oil price. For this reason, USDNOK pair can be called commodity.

Currency pair USDNOK isn't very popular among traders, but is attractive to long-term investors. The Norwegian krone is considered rather profitable currency for investment as its rate promptly grows. In the Forex market, the currency pair can bring to the traders good money as USDNOK shows the high level of volatility.