Good morning , This is the Norwegian Krone vs Japanise Yen’s trade signal commentary, for the late Asian session on Friday December the 2nd. By: Romany Zakaria – www.romanyzakaria.com


Norwegian Krone vs Japanise Yen pair, Has plummeted lower during the Asian session early this morning. With the pair lost nearly 135 pips, it continue’s to move up in a strong BULLISH trend as it did in the past days ( view Daily chart on the right ).
On the other hand, NOKJPY is holding well above the long term 200 days simple moving average (thats why we dont recommend any short trades on the NOKJPY for the coming days).
The 50 and the 20 days simple moving averages are also confirming continuation for the well established BULLISH trend.
CONCLUSION: [We highly recommend to avoid trading NOKJPY for today Friday as we might be de aling with a choppy falling correction for rest of the day.] However As per above general BULLISH trend; Only Long trades to be considered following completion of any counter trend falling correction on the 30-minute chart.

β–² Buy Signal Details

Time Fri 2016.12.02 11:01
Pair NOKJPY
Buy@ β–² 13.5090
Stop @ 13.3930
1s TP @ 13.6230 (+659)pips
2nd TP @ 13.5750

Norwegian Krone vs Japanise Yen Buy signal information table


NOKJPY Chart

NOKJPY Daily Live Chart

(Note: This conclusion is only valid as long as price is holding above the 200 periods simple moving average (red dotted line) on the 30-minute chart,
A Long signal is available now for review on the right
)

NOKJPY 1Hour Signal Chart

Follow single progress on the chart below.

Norwegian Krone vs Japanise Yen 1Hour chart displaying live trade progress



Signal Time-line:

Step by step followup for NOKJPY signal from open to close..

  • 3 years ago
    Trade Started..

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