USDNOK Very strong buy signal medium-term.

20 set 2024

The USDNOK has been consistently giving us excellent signals on this 2-year pattern with the last one (July 10, see chart below) being a buy that hit the 11.0000 Target:

This time the pair is again inside the 2-year Higher Lows Zone, while holding Support 1. The previous High was rejected on Resistance 1, so the Triangle may be transitioning into a Rectangle medium-term.

In any case, this low price is a buy opportunity with our Target being slightly below the Lower Highs trend-line at 10.9500.

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