USD/NOK Currency exchange rate forecast 13.08.2019: the upside prevails as long as 8.8940 is support

USD/NOK Currency exchange rate forecast 13.08.2019: the upside prevails as long as 8.8940 is support

The MACD is positive and above its signal line.

8.8940 is our pivot point.

Our preference: the upside prevails as long as 8.8940 is support.

Alternative scenario: the downside breakout of 8.8940 would call for 8.8540 and 8.8300.

Comment: the RSI is above 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the pair is trading above both its 20 and 50 MAs (respectively at 8.9246 and 8.9207).

Supports and resistances:

9.0540 **

9.0310 *

9.0070 **

8.9830

8.9261 last

8.9090

8.8940 **

8.8540 *

8.8300 **

USD/NOK Currency exchange rate forecast 12.08.2019: the upside prevails as long as 8.8950 is support

USD/NOK Currency exchange rate forecast 12.08.2019: the upside prevails as long as 8.8950 is support

Our preference: the upside prevails as long as 8.8950 is support.

Our pivot point stands at 8.8950.

Our preference: the upside prevails as long as 8.8950 is support.

Alternative scenario: below 8.8950, expect 8.8550 and 8.8310.

Comment: the RSI is trading above 70. This could mean that either the pair is in a lasting uptrend or just overbought and that therefore a correction could shape (look for bearish divergence in this case). The MACD is positive and above its signal line. The configuration is positive. Moreover, the pair is above its 20 and 50 MAs (respectively at 8.8945 and 8.8832).

Supports and resistances:

9.0560 **

9.0330 *

9.0090 **

8.9850

8.9267 last

8.9100

8.8950 **

8.8550 *

8.8310 **

USD/NOK – Currency exchange rate forecast 05.06.2019: the downside prevails as long as 8.7180 is resistance

USD/NOK - Currency exchange rate forecast 05.06.2019: the downside prevails as long as 8.7180 is resistance

Our preference: the downside prevails as long as 8.7180 is resistance.

Our pivot point is at 8.7180.

Our preference: the downside prevails as long as 8.7180 is resistance.

Alternative scenario: the upside breakout of 8.7180, would call for 8.7560 and 8.7790.

Comment: the RSI is below its neutrality area at 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the pair stands below its 20 and 50 MAs (respectively at 8.6918 and 8.6944).

Supports and resistances:

8.7790 **

8.7560 *

8.7180 **

8.7020

8.6867 last

8.6390

8.6160 **

8.5930 *

8.5700 **