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Monday afternoon, EURNOK is at 9.7372, down 0.10 percent during the day.
The crossing is now close to the ceiling of the secondary trend, writes Christiania Securities in an analysis that Hegnar.no had access to.
– Break EURNOK from these levels allows us to quickly see a new 9.97 test, called the.
The brokerage shows that the crossing in the past year has resulted in a slight downward trend in the main upward trend since 2013.
– The floor of the main trend is at 9.3150, while that of the secondary trend is down to 9.7670. At the same time, the RSI (Relative Strength Index) is at a level of overcapitalization, which may indicate a decline in the exchange rate, writes Christiania Securities.
Tester 9.97?
According to the analysis, EURNOK has support at 9.7000, 9.5860, 9.5200, 9.4800 and 9.4200.
– If the price crossed the ceiling of the secondary trend at 9.7670 and the resistance level at 9.7920 was this buy signal, it is likely that we would see a level test of 9.9700 as we the aircraft at the beginning of Christmas in 2017 and 2008 concludes the brokerage.
Source: Christiania Securities.
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