USDNOK Fundamental and technical (structural analysis)
if the price at around (8.98664) doesn't break,
we could see an correction to the
downside in the (7.28474) area.
But if it breaks, we could see the price
to return to the highs of 1985... yes...
It is also important to consider
the Oil price as an leading indicator of the
price movements for the norwegian krone.
trump is indicating an expanding in the drillings
around US. that's why i see the oil price
relative low, and therefore a weakening of the
norwegian krone, and maybe it will lead to the
USD/NOK to an all time high.
we could see an correction to the
downside in the (7.28474) area.
But if it breaks, we could see the price
to return to the highs of 1985... yes...
It is also important to consider
the Oil price as an leading indicator of the
price movements for the norwegian krone.
trump is indicating an expanding in the drillings
around US. that's why i see the oil price
relative low, and therefore a weakening of the
norwegian krone, and maybe it will lead to the
USD/NOK to an all time high.