Krona should benefit from weakening Dollar
.
USDNOK H4 23-10-22:
- Norway is making huge profits replacing Russian gas to EU at elevated prices
- If Dollar is going to weaken, Norwegian Krona should take advantage
- Looking for a to push lower to 10.00 (minimum)
- 10.00 = MS1 = Previous Month Open
- Convincing break and close below BUY-VWAP is confirmation
- Convinsing break above Sell-VWAP is invalidation of setup
.
USDNOK H4 23-10-22:
- Norway is making huge profits replacing Russian gas to EU at elevated prices
- If Dollar is going to weaken, Norwegian Krona should take advantage
- Looking for a to push lower to 10.00 (minimum)
- 10.00 = MS1 = Previous Month Open
- Convincing break and close below BUY-VWAP is confirmation
- Convinsing break above Sell-VWAP is invalidation of setup
.
Sultan of Swing