USDNOK Technical Analysis, Forecast and Trade Signals

USDNOK Technical Analysis, Forecast and Trade Signals

USDNOK Technical Analysis

USDNOK Technical Analysis: Weekly Chart

forex for beginners, forex fundamental analysis, forex market, forex market outlook, Forex Trade Ideas, Forex Trading, FOREX TRADING tips, FOREX TRADING tips for beginners, HOW TO TRADE FOREX?, Technical Analysis, technical analysis charts, USDNOK, USDNOK Technical Analysis

In the weekly charts, USDNOK is trading in an up channel. USDNOK is currently trading above all SMA.

RSI is in buying zone which indicates bullishness. MACD is currently above zero which indicates bullishness.

Its immediate support is 9.3790 & the resistance level is at 9.9113.

USDNOK will trade in the up channel until there is trend reversal.

USDNOK Technical Analysis: Daily Chart

USDNOK Technical Analysis

In the daily charts, USDNOK is trading in an up channel. USDNOK is currently trading above all SMA.

RSI is in buying zone which indicates bullishness. MACD is currently above zero which indicates bullishness.

Its immediate support is 9.5383 & the resistance level is at 9.6708.

USDNOK will trade in the up channel until there is trend reversal.  

How to Trade USDNOK this Week:

USDNOK will follow the uptrend until their trend reversal. So, remain bullish on USDNOK.

TRADE SUGGESTION- BUY AT 9.5990, TAKE PROFIT AT 9.6708 AND STOP LOSS AT 9.5383

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