USD/NOK remains below resistance zone

Note: This section contains information in English only.
Source: Dukascopy Bank SA


Since the last review of the USD/NOK currency exchange rate conducted on February 25, the currency pair has remained in the previous trading range. Namely, the pair is still located below the support of the 2021 high level zone at 9.1000/9.2000 and the support of the 50 and 200-day simple moving averages. However, the rate constantly keeps piercing the SMAs.

It was spotted on March 17 that the currency pair's declines below the 200-day SMA have been finding support in an ascending trend line. Combined with the fact that the pair has been failing to properly approach the 9.1000 mark by bouncing off the 9.0700 mark, one can observe an ascending triangle pattern.

If the pair breaks the resistance of the 9.0700 mark, the rate might immediately face the resistance of the 9.1000/9.2000 zone. Higher above, note the resistance line, which connects the 2021 high levels.

On the other hand, a decline below the supporting triangle trend line and the 200-hour simple moving average could look for support in round exchange rate levels at 8.7000, 8.6000 and 8.5000, before approaching the trend line, which connects the 2021 low levels.
Back to articles

Actual Topics

Thu, 17 Mar 2022 11:29:02 GMT

USD/ZAR breaks pattern

On the day of the Russian invasion of Ukraine, the USD/ZAR currency pair spiked and the rate broke the channel down pattern, which had guided the rate down since the end of 2021. Initially, the rate surged and found resistance in the 15.5390/15.5750 zone. Afterwards, a decline followed. On March 17, the pair passed below the 15.0000 mark and

Wed, 16 Mar 2022 12:07:52 GMT

EUR/CHF is pushed up by central banks

In late February, the Euro has dropped against the Swiss Franc various fundamental aspects. However, the reaching of low levels not seen since 2015 was followed by a recovery, which is clearly fueled by the policy of the European Central Bank and the Swiss National Bank. First of all the European Central Bank has been keeping its monetary stimulus programs intact,

Subscribe to "Fundamental Analysis" feed

Subscrever
Para saber mais sobre a plataforma de negociação Dukascopy Bank CFD / Forex, SWFX e outras informações relacionadas com negociação,
por favor entre em contato conosco ou faça um pedido de retorno de chamada.
Para obter mais informações sobre uma potencial cooperação,
ligue-nos ou faça-nos um pedido para ser contactado.
Para saber mais sobre as opções binárias do Dukascopy Bank / Plataforma de negociação Forex, SWFX e outras informações relacionadas com Trading,
ligue-nos ou faça-nos um pedido para ser contactado.
Para saber mais sobre a plataforma de negociação Dukascopy Bank CFD / Forex, SWFX e outras informações relacionadas com negociação,
por favor entre em contato conosco ou faça um pedido de retorno de chamada.
Para saber mais sobre a plataforma de Trading / Trading de Crypto/ CFD / SWFX e outras informações relacionadas à negociação,
ligue-nos ou faça-nos uma pedido para ser contactado.
Para saber mais sobre o programa de Introdutor de Negócios e outras informações relacionadas à negociação,
ligue-nos ou faça-nos uma pedido para ser contactado.
Para obter mais informações sobre uma potencial cooperação,
ligue-nos ou faça-nos um pedido para ser contactado.