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USD/NOK Signal - USD Initial Jobless Claims - 19 Aug 2021

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Signal Details
Entry Price: 
8.929
Take Profit: 
8.8320
Stop Loss: 
8.9890
Direction: 
Sell
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Average: 5 (1 vote)

USDNOK has bounced out of resistance prior to the USD Initial Jobless Claims data, which measures the number of people applying for unemployment benefits for the first time. Technically the pair has bounced from resistance, and the RSI is showing bearish divergence.

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Disclaimer: The article is written for informative purposes only and it is not financial advice. The author does not have any position in the currency pairs mentioned, and no plans to initiate a position. He wrote the article himself and expressed his own opinions. Readers should not treat any opinion expressed by the author as a specific inducement to make a particular trade or follow a particular strategy, but only as an expression of his opinion. All risks and coasts associated with online trading are your responsibility.