Thursday, May 19, 2016

Forex - Chart EUR/NOK, EUR/SEK, USD/NOK, USD/SEK Opening Summaries

20 May EUR/NOK Opening Summary
Rally to break the 9.3725/9.3860 highs and the 200-day MA at 9.3905 see the 9.4000 level now within reach. Clearance will see further extension to target 9.4315 then the 9.5000 level. Support now at 9.3000 and 9.2765. [P.L]

R4: 9.5125 5 Apr high
R3: 9.4925 7 Apr high
R2: 9.4315 7 Apr low
R1: 9.3975 18 Apr high
S1: 9.3000 figure
S2: 9.2765 17 May low
S3: 9.2510 18 May low
S4: 9.2085 17 May low

20 May EUR/SEK Opening Summary
Bulls stretching upmove with bear-divergence sighted on daily Stochastic and should make bulls wary at current height and it would take a downside break of 9.3458 support to set tone for long-overdued corrective pullback. [W.T]

R4: 9.4088 22 Feb high
R3: 9.4013 25 Feb high
R2: 9.3878 10 Mar high
R1: 9.3785 19 May high
S1: 9.3458 19 May low
S2: 9.3260 17 May low
S3: 9.3076 13 May low
S4: 9.2828 12 May low

20 May USD/NOK Opening Summary
Follow-through above the 8.3200 high see the 8.4000 level now within reach and clearance here will see scope to target 8.4465 then the 200-day MA at 8.4730. Support now at the 8.3000 level and 8.2600. [P.L]


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Forex - Chart EUR/NOK, EUR/SEK, USD/NOK, USD/SEK Opening Summaries Rating: 4.5 Posted by: Unknown

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