• 3 hours The New Drug That Could Be Bigger Than Cannabis
  • 10 hours $15/Hour Minimum Wage Might Happen Naturally
  • 1 day Could This Be The Hottest Investment Sector For 2021?
  • 2 days The Single Most Exciting Mental Health Breakthrough Of The Decade?
  • 2 days Money-Laundering Binance Probe Report Adds To Bitcoin Woes
  • 4 days Pipeline Hackers Lose Access To Ransom Funds
  • 4 days Military Coups Are Big Business
  • 5 days Crypto Market Crashes As Tesla Turns Its Back On Bitcoin
  • 6 days Gold Bulls Are Facing An Uphill Battle
  • 7 days Has The Dogecoin Hype Fizzled?
  • 9 days America's Semiconductor Shortage Is Just Getting Started
  • 12 days The EU Begins Backtracking On China Trade
  • 13 days Americans Are Sick Of Unfair Taxation
  • 15 days No Jab, No Job: The New Hardline Policy of U.S. Employers
  • 18 days What’s Included In Biden’s $6 Trillion Economic Plan?
  • 18 days The “Great Car Comeback” Brightens Oil Demand Outlook
  • 19 days The 3 Most Profitable Covid-19 Vaccine Stocks
  • 21 days Beijing Launches Digital Currency To Break AliPay-WeChat Duopoly
  • 22 days The New Economic World Order After Covid-19
  • 26 days 3 Signals To Watch For A Stock Market Correction
Zombie Foreclosures On The Rise In The U.S.

Zombie Foreclosures On The Rise In The U.S.

During the quarter there were…

Billionaires Are Pushing Art To New Limits

Billionaires Are Pushing Art To New Limits

Welcome to Art Basel: The…

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