USDNOK Bullish Divergence and Trend Change!

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The USDNOK pair has sure taken a beating lately. But there are signs that the trend may be changing to bullish.

1. The RLCO crossover occurred Friday suggesting a new upside trend.
2. The CMF shows bullish divergence (a higher level every time a similar level in price is achieved - notice, for example, May 13 vs May 21).
3. We've possibly made a triple bottom, and downward momentum got stopped (for now).
Anmerkung
Finally, we are moving!
Trade geschlossen: Ziel wurde erreicht
8.70 target achieved!
Technical IndicatorsNOKNOKUSDTrend AnalysisUSDNOK

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