USDNOK Technical Analysis, Trade Ideas and Trade Signals

USDNOK Technical Analysis, Trade Ideas and Trade Signals

USDNOK Technical Analysis

USDNOK Technical Analysis: Weekly Chart

USDNOK Technical Analysis

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

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

Its immediate support is 9.3827 & the resistance level is at 9.6094.

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 a down channel. USDNOK is currently trading below 20 days SMA & above 50 and 100 days SMA.

RSI is in over sold zone which indicates mild bullishness. MACD is currently above zero which indicates bullishness.

Its immediate support is 9.3477 & the resistance level is at 9.5361.

USDNOK will trade in the down 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 9.4683, TAKE PROFIT AT 9.5361 AND STOP LOSS AT 9.3477

About Author

Related posts

NZDCHF Technical Analysis

NZD/CHF Technical Analysis and Investing Tips For NZD/CHF

NZDCHF Technical Analysis: Weekly Chart In the weekly charts, NZDCHF was trading in down channel. NZDCHF is currently trading below all SMA. RSI is in over sold zone which indicates mild bullishness. MACD is currently below zero which indicates bearishness. Its immediate support is 0.5920 & the resistance level...

Read More

Leave a Reply