2019 2020 2021 USD/NOK Norwegian Krone rate Long term forecast, up to 11.54

Norwegian Krone attracts trader's attention. USD/NOK rate is breaking through a very meaningful level of 9.0. This could be a signal that USD/NOK will go higher in the long run. In that cast, the rate could go up to 11.54 or so.

The level of 9.8 could be a resistance, however, it is unlikely to be a big problem. I do not know what is going on there. What I can say is there seems to be someting and  people should be careful. USD/SEK and USD/DKK will follow USD/NOK.

[ USD/NOK rate monthly chart ]
USD/NOK Norwegian Krone rate Long term forecast, up to 11.54




Meaning of terms :
▷ BUY the Dip : The current price is higher than the entry price. Buy when price drops to/below the entry price.
▷ BUY the Breakout : The current price is lower than the entry price. Buy when price breaks upward through the entry price. ( When price moves above the entry price level.)
▷ SELL the Bounce : The current price is lower than the entry price. Sell when price rebounds to/above the entry price.
▷ SELL the Breakdown : The current price is higher than the entry price. Sell when price breaks downward through the entry price.  (When price moves below the entry price level.)

Position Trading. Position trading with monthly charts for holding positions for weeks to months. Not much demand on the trader's time.

Simple and Profitable. Key points in real trading are the present and the numbers. There are only practical and strategic figures.

Reference Only. I hope you do not copy above, but hope you get your own better strategies by referring to the above and make good profits.