Futures Commentary and Analysis


Elliott wave Analysis: USDNOK Trading Into A Temporary Pullback; Support is at 7.7727
Gregor Horvat - IF - Tue Feb 13, 10:24AM CST

USDNOK is lower and below the lower Elliott wave channel line, where a breach suggests a completed five wave recovery and a temporary change in trend. We assume a three-wave correction of wave B) or 2) is now on the move, with possible support near the 7.7727 area, where former swing low of wave ii would offer support and a reversal.

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usdnok, intra

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