NOK: Best performer? – Rabobank

Jane Foley, Senior FX Strategist at Rabobank, points out that the NOK is the best performing G10 currency in the year to date and a significant source of support was the surprise change in the Norges Bank’s forward guidance in December.  Key Quotes “Consequently its January 2 ...

USD/NOK sticking to tight trading ranges

The USD/NOK hourly chart is not very telling: the pair lacks price direction and also volatility.Notice the 50-SMA has slipped between the 200- and the 800-period SMAs, denoting an absence of a strong trend. The ADX tracking below 30 at the moment signals the same sideways condition.The prospec ...

USD/NOK sitting flat right now

The following USD/NOK set-up, outlined from an hourly perspective, consists of a weakening technical structure accompanied by very low volatility. Recent trading has been happening below the 50 exponential moving average, a bearish condition which, should it persist, would make more SAR indicato ...

USD/NOK sees its volatility dampen

USD/NOK is climbing the charts consistently while exhibiting a very low volatility.USD/NOK currently trading well above the 50-EMA, radiates its bullish condition. But at the same time, as outlined from an hourly perspective, it has shrunk its intraday volatility to a minimum not seen for over ...

USD/NOK MACD higher lows indicates upside ahead

A run of USD/NOK MACD higher highs and lows, could imply a shift in sentiment ahead.In recent weeks, the pair has suffered declines, but in the short term at least, we could experience a move to bullish sentiment. This is highlighted by the MACD posting higher highs and lows on the 4-hour chart. A ...

USD/NOK remains a wild card

Bollinger Bands® on USD/NOK 1hr charts continue to reflect a volatile environment, but one with no dominant trend on higher time frames.ADX tracks below 30 suggesting a sideways price action. Endorsing this view, the 50-period simple moving average is locked in-between the 200 and the 800-period ...

USD/NOK is oversold on several parameters

The standout technical signal on a USD/NOK 4hr chart is a plunge of the RSI below its 25% threshold.At the same time, negatively aligned 50- and 200-period moving averages point at a continued USD/NOK depreciation, with recent declines locking the RSI below the 50% mark. Worth mention is the 70 ...

USD/NOK momentum is supportive for attempt higher

On the 4hr USD/NOK chart, the MACD has moved above zero making the near-term structure supportive for an attempt higher.Such a momentum indication, unseen for at least for 30 periods, indicates that key price breaks are on the horizon. There is a real threat of USD/NOK rate moving now considerabl ...

Bullish price-indicator crossover in USD/NOK

A bullish crossover between the USD/NOK current rate and its 200-hour SMA has been detected.The ascending USD/NOK price finds itself en route to the 800-SMA, which carries an equal resistance to the 200-SMA on 4hr charts. Such a price-indicator cross has not occurred at least for a week on thi ...

USD/NOK shows indecisive pattern

Trend momentum has stalled with the emergence of a Northern doji pattern on the USD/NOK weekly chart.This candlestick pattern usually changes the market's short-term trend from up to neutral, but with the RSI above 60% on this time interval, the likelihood of a reversal from overbought territor ...

USD/NOK is oversold on several parameters

The standout technical signal on a USD/NOK 4hr chart is a plunge of the RSI below its 25% threshold.At the same time, negatively aligned 50- and 200-period moving averages point at a continued USD/NOK depreciation, with recent declines locking the RSI below the 50% mark. Worth mention is the 70 ...

USD/NOK MACD higher lows indicates upside ahead

A run of USD/NOK MACD higher highs and lows, could imply a shift in sentiment ahead.In recent weeks, the pair has suffered declines, but in the short term at least, we could experience a move to bullish sentiment. This is highlighted by the MACD posting higher highs and lows on the 4-hour chart. A ...

USD/NOK is oversold on several parameters

The standout technical signal on a USD/NOK 4hr chart is a plunge of the RSI below its 25% threshold.At the same time, negatively aligned 50- and 200-period moving averages point at a continued USD/NOK depreciation, with recent declines locking the RSI below the 50% mark. Worth mention is the 70 ...

USD/NOK MACD higher lows indicates upside ahead

A run of USD/NOK MACD higher highs and lows, could imply a shift in sentiment ahead.In recent weeks, the pair has suffered declines, but in the short term at least, we could experience a move to bullish sentiment. This is highlighted by the MACD posting higher highs and lows on the 4-hour chart. A ...

USD/NOK MACD higher lows indicates upside ahead

A run of USD/NOK MACD higher highs and lows, could imply a shift in sentiment ahead.In recent weeks, the pair has suffered declines, but in the short term at least, we could experience a move to bullish sentiment. This is highlighted by the MACD posting higher highs and lows on the 4-hour chart. A ...

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