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EUR/NZD 4H Chart: Channel Down

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Oct 16, 2015.

  1. Sandra S.

    Sandra S. Forum Member

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    USD/NOK 4H Chart: Double Bottom Comment: USD/NOK has formed a double bottom at the end of the Sep 28-Oct 12 sell-off, meaning the Dollar is now well-positioned to negate these losses. The pattern and the bullish outlook will be confirmed when the currency pair gains a solid foothold above 8.1970/8.1750, a dense supply area created by the Oct 13 high, monthly S1 and weekly PP. If this is the case, the first major target will be the 200-period moving average at 8.2675, but given the height of

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