Revised USDNOK 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).
USDNOK 1H Elliott Wave Analysis
We provide precise forecasts with up-to-date analysis for 78 instruments. These include Forex, Commodities, World Indices, Stocks, ETFs and Bitcoin. Our clients also have immediate access to Market Overview, Sequences Report, 1 Hour, 4 Hour, Daily & Weekly Wave Counts. In addition, we also provide Daily & Weekend Technical Videos, Live Screen Sharing Sessions, Live Trading Rooms and Chat room where clients get live updates and answers to their questions. The guidance of ElliottWave-Forecast gives subscribers the wherewithal to position themselves for proper entry and exit in the markets. We believe our disciplined methodology and Right side system is pivotal for long-term success in trading.Back