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predictions for the day.
trading is risky if no analysis is done
Usd-nok - is the currency pair we will be focusing on
major low levels also known as supports -Buy the pair long term
major high levels also known as resistance - Buy currency pair long term
Market analisis treand !
Slowly I start to add some mid-term (weeks, months) trading & investment opportunities into my TradingView account. The first one which looks technically pretty nice is .
Pretty soon you can start building your long position on and it starts from the round number Obviously, do your own research, read fundamentals and etc.
Technical...
On the USDNOK chart, it looks like a downward movement. Market participants expect a rate hike by the Norwegian central bank amid high inflation of 3% in February of the current year. Since June 2018, it has exceeded the target level of 2.5%. Let us note that Norges Bank, for the first time in the last 7 years, announced a possible rate hike in March 2019 from 0.75% to 1% at its October meeting last year. By the end of 2019, the rate can be once again raised to 1.25%. This is a positive factor for the Norwegian krone exchange rate.
However, at these levels, a bullish divergence can be formed on the MACD indicator (hourly chart), which will limit the downward potential. If the bulls try to return the market, the bears will defend the resistance of 1.3143 with all their strength, but it is best to open short positions from there if a false breakout is formed. You can sell the pound immediately on the rebound after updating the highs of 1.3203 and 1.3258.
Japan will announce the preliminary reading of economic growth in the second quarter of 2019 on August 8. Market participants expect the Japanese economy to slow down quite badly. Market consensus gathered by Reuters estimates that the quarterly annualized economy of the Rising Sun Country is 0.4%.
USD to NOK Exchange Rate and Currency Converter | OFX - OFX.com
Today's USD to NOK exchange rate. Save money on international transfers to Norway with OFX. Lock in a great rate for up to 12 months.
Currency Name: Norwegian krone
Currency Symbol: kr
Coin Denominations: 1, 5, 10, 20 kr
Usd/Nok
Resistance Level (R3): 9.308
Resistance Level (R2): 9.288
Resistance Level (R1): 9.273
Pivot Point: 9.253
Support Level (S1): 9.237
Support Level (S2): 9.218
Support Level (S3): 9.202
USD to NOK Exchange Rate and Currency Converter | OFX - OFX.com
Today's USD to NOK exchange rate. Save money on international transfers to Norway with OFX. Lock in a great rate for up to 12 months.
Currency Name: Norwegian krone
Currency Symbol: kr
Coin Denominations: 1, 5, 10, 20 kr
usd / nok
overwhelming majority of currency trading volume is in the spot mar- ket. FOREX inevitably means spot trading to most participants. But it is possible to trade FOREX as a futures vehicle. The primary advantage of FOREX futures lies in the fact that the futures markets are centralized and as such are more heavily regulated. Traders leery of market maker practices in retail spot FOREX may find comfort and a better sleep by trading currencies on a centralized, heavily regulated futures exchange. Indeed, an increase in futures FOREX has been identified in the past two years although volume continues to be dwarfed by the spot market. The selection of traded currency pairs with reasonable liquidity is also smaller in the futures arena. A second- ary advantage is that many popular technical trading methods use volume of trading and open interest. While aggregate volume is known in FOREX, daily figures are unobtainable because of the decentralized nature of the busi- ness. Attempts are under way, including those by the author, to synthesize spot FOREX volume and open interest statistics from other data using statis- tical methods. The correlation of spot FOREX data to futures FOREX data has not been promising. A futures contract is an agreement, or contract, between two parties: a short position, the party who agrees to deliver a commodity, and a long position, the party who agrees to receive a commodity
Usd-nok ka aj ki movement low lgti hai. Usd-nok ka trend buying ka ha.
Usd-nok ko 8.1210 sai buy krain.
Usd-nok ko Take profit 8.4030 set krain.
Usd-nok Stop loss ki price 8.0040 set krain.