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

Suscribir
Para conocer más sobre la plataforma de Trading de CFD y Forex de Dukascopy Bank, SWFX y otras informaciones relacionadas con el Trading,
llámenos o haga una solicitud de devolución de llamada.
Para obtener más información sobre la posible cooperación, por favor llámenos o haga una solicitud de devolución de llamada.
Para obtener más información sobre las opciones binarias de Dukascopy Bank / La plataforma de operaciones de Forex, SWFX y otra información relacionada con el Trading, por favor llámenos o solicite una devolución de llamada.
Para conocer más sobre la plataforma de Trading de CFD y Forex de Dukascopy Bank, SWFX y otras informaciones relacionadas con el Trading,
llámenos o haga una solicitud de devolución de llamada.
Para obtener más información acerca de la plataforma de operaciones Crypto Trading / CFD / Forex, SWFX y otra información relacionada con el comercio,
llámenos o realice una solicitud de devolución de llamada.
Para obtener más información sobre Business Introducer y otra información relacionada con el comercio,
llámenos o realice una solicitud de devolución de llamada.
Para obtener más información sobre la posible cooperación, por favor llámenos o haga una solicitud de devolución de llamada.