Home About the company Daily reviews USD/NOK Trading Analysis (25/09/2023)

USD/NOK Trading Analysis (25/09/2023)

The trend is ascending. The currency pair is traded in the range between 365 and 135 ЕМА. The downward wave structure finished with the breach of the sloping channel. There is bullish divergence on the Awesome Oscillator, and the Stochastic Oscillator signals the oversold state.
 

USD/NOK chart as of 25/09/2023 with technical indicators

Trading idea:

Buy at the breach of 10.7626.

Stop-Loss: 10.7040.

Target price levels: 10.8500.

#usdnok #forex #forextrading #tradersroom #daytradingpatterns #forexexpertadvisor

Author: GC
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