Usd/nok

Todays analysis of usd-nok

Today trend is: Bearish

Support levels for the pair is:
Support1:8.6194
Support2:8.618
Support3:8.6144

Resistance levels for the pair is:
Resistance1:8.623
Resistance2:8.6251
Resistance3:8.6286

Pivot points is :
8.6215

Preparing for the meeting of the central bank of Norway

The next meeting of the central bank of Norway (Norges bank) will be held on March 21, 2019. Is there a possibility for the Norwegian krone to strengthen?

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.

Usdnok

s3: 8.6939
s2: 8.7
s1: 8.7039

p: 8.7062

r1: 8.71
r2: 8.7123
r3: 8.7184

Daily analysis of currency pair is :Usd/nok
today currency trend is : sell

Resistance and Supporting level is :

Current price is: 8.7013

1> Resistance Level is :8.7025
2>Resistance Level is : 8.7038
3>Resistance Level is:8.7052

Daily supporting level

1> Supporting Level is : 8.7000
2>Supporting Level is: 8.6986
3>Supporting Level is: 8.6973

Daily analysis about trend is buy

Resistance and Supporting level is :

1> Resistance is : 8.7235
2>Resistance is : 8.7248
3>Resistance is: 8.7260


1> Supporting is : 8.7210
2>Supporting is: 8.7197
3>Supporting is: 8.7185

Usd nok is going up and we can have a buy trade on this pair

Support and resistance levels:-

S3 8.5995
S2 8.6144
S1 8.6225

R1 8.6375
R2 8.6443
R3 8.6592

The US Dollar / Krone is the most popular pair to trade the Norwegian currency. The price of the Krone is influenced by changes in interest rates and oil prices. ... The Swedish Krona and Norwegian Krone suffered after PMI disappointed.

Preparing for the meeting of the central bank of Norway

The next meeting of the central bank of Norway (Norges bank) will be held on March 21, 2019. Is there a possibility for the Norwegian krone to strengthen?

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.

Usdnok

support level
s3: 8.5285
s2: 8.6276
s1: 8.6643

pp: 8.7267

resistance level
r1: 8.7634
r2: 8.8258
r3: 8.9249
trade at your own risk good luck

usdnok pair over all looking in strong buying and i prefer for sell the usdnok pair at price 8.35 to 8.45 and we set our take profit at price 8.70 to 8.90 and we set our stop loss point at price 8.25 to 8.15 maximum and trader must analysis the usdnok pir current trend and trader analysis the complete fundamentals and technical analysis of usdnok trading pair then he/she place order and make good profit easily with usdnok pair buying positions today