USDNOK Short Term Elliott Wave: Buyers May Appear Soon

By: Elliottwave-Forecast | Fri, Dec 2, 2016
Print Email

Revised short Term Elliott Wave cycles suggests that rally to 8.641 ended wave 3 and wave 4 pullback is unfolding as a double three where wave ((w)) ended at 8.447, wave ((x)) ended at 8.543 and wave ((y)) of 4 is in progress towards 8.304 - 8.35 area. Near term, while pullbacks stay below wave ((x)) at 8.543, expect the pair to continue lower towards the target above before turning higher. We don't like selling the pair and expect the pair to find buyers at 8.304 - 8.35 area for at least a 3 waves bounce while the current pullbacks stay above 8.231 (161.8% Fibonacci extension)

USD/NOK Short-Term Elliott Wave Analysis Chart
Larger Image


For 24 hour coverage of this pair and other instrument, check out our 14 day Trial to sample everything we have to offer. We provide 24 hour coverage of 52 instruments from Monday - Friday using Elliott Wave Theory as primary tools of analysis. We offer Elliott Wave chart in 4 different time frames, up to 4 times a day update in 1 hour chart, two live sessions by our expert analysts, 24 hour chat room moderated by our expert analysts, market overview, and much more!




Author: Elliottwave-Forecast

Elliottwave-Forecast (by EME PROCESSING AND CONSULTING LLC) was founded in 2005 by Eric Morera. Since inception our company has provided tailored Financial Market Services to thousands of clients.

ElliottWave-Forecast has built a reputation on accurate technical analysis and a winning attitude. By successfully incorporating the Elliott Wave Theory with Market Correlation, cycles, proprietary pivot system, we provide precise forecasts with up-to-date analysis for 41 instruments including FX majors, Gold, Silver, Copper, Oil, TNX and major Equity Indices. Our clients also have immediate access to our proprietary actionable trade setups, market overview, 1 Hour, 4 Hour, Daily & weekly wave counts. Weekend webinar, Live Screen Sharing Sessions, Daily Technical Videos, Educational Resources, and 24 Hour chat room where they are provided live updates and given answers to their questions.

Copyright © 2015-2017

All Images, XHTML Renderings, and Source Code Copyright ©