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USDNOK 14 Mar 2024

USDNOK 14 Mar 2024 On the weekly timeframe, USDNOK is currently trying to go up and break the Kumo Cloud on the Ichimoku Indicator which indicates the bullish trend is still likely to continue. The support from the moving averages and Stochastic Indicator which shows price momentum going back up adds confidence in the continuation of the bullish trend. Therefore, the go-long option can be considered with caution. However, if the pair fails to continue the bullish trend, then go-short can be an option. Keep in mind to stay alert to market volatility and stay tuned to possible changes in market conditions for better risk management.

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