• 17 hours New TikTok Deal Hopes To Bypass National Security Concerns
  • 1 day Where Will Gold Go From Here?
  • 2 days COVID-19 Is Fueling A Pastic Waste Crisis
  • 2 days Gold Output Set To Decline
  • 3 days Uber And Lyft Look To Go Electric
  • 4 days COVID-19 Is Crushing Palladium Demand
  • 5 days This ‘Once-Boring’ Tech Company Is Now Super Hot
  • 6 days Will Air-Based Protein Be Our Future Food?
  • 6 days Google Pledges To Go Carbon-Free By 2030
  • 7 days A New Twist In The TikTok Saga
  • 7 days Gold Inches Closer To $2,000
  • 8 days Delivery Drones Are Coming Sooner Than You Think
  • 8 days Traders See More Volatility Ahead For Commodities
  • 9 days How COVID-19 Is Transforming The World's Sovereign Wealth Funds
  • 9 days Electric Vehicle Demand Set To Outpace Battery Metal Production
  • 10 days Copper Continues To Outperform
  • 11 days The Jury Is In: ESG Is A Megatrend Now Worth $250B
  • 11 days Today’s Young Adults Aren’t Leaving the Nest
  • 12 days Positive Economic News Could Be Bad For Gold
  • 13 days Why The S&P 500 Snubbed The Most Valuable Car Company In The World
Is The Bull Market On Its Last Legs?

Is The Bull Market On Its Last Legs?

This aging bull market may…

What's Behind The Global EV Sales Slowdown?

What's Behind The Global EV Sales Slowdown?

An economic slowdown in many…

Elliottwave-Forecast

Elliottwave-Forecast

Elliottwave-Forecast

Elliottwave-Forecast.com (by EME PROCESSING AND CONSULTING LLC) was founded in 2005 by Eric Morera. Since inception our company has provided tailored Financial Market Services to…

Contact Author

  1. Home
  2. Markets
  3. Other

USDNOK Short Term Elliott Wave: Buyers May Appear Soon

Revised short Term Elliott Wave cycles suggests that rally to 8.641 ended wave 3 and wave 4 pullback is unfolding as a double three where wave ((w)) ended at 8.447, wave ((x)) ended at 8.543 and wave ((y)) of 4 is in progress towards 8.304 - 8.35 area. Near term, while pullbacks stay below wave ((x)) at 8.543, expect the pair to continue lower towards the target above before turning higher. We don't like selling the pair and expect the pair to find buyers at 8.304 - 8.35 area for at least a 3 waves bounce while the current pullbacks stay above 8.231 (161.8% Fibonacci extension)

USD/NOK Short-Term Elliott Wave Analysis Chart
Larger Image

 


For 24 hour coverage of this pair and other instrument, check out our 14 day Trial to sample everything we have to offer. We provide 24 hour coverage of 52 instruments from Monday - Friday using Elliott Wave Theory as primary tools of analysis. We offer Elliott Wave chart in 4 different time frames, up to 4 times a day update in 1 hour chart, two live sessions by our expert analysts, 24 hour chat room moderated by our expert analysts, market overview, and much more!

 

Back to homepage

Leave a comment

Leave a comment