FX TECHNICAL ANALYSIS USDNOK MONTHLY CHART (10-YEARS) USDNOK is moving in


a bear channel since early 2016 and while within we expect a continuation of the recent decline towards 7.7024-7.8633 by then end of 2018. 8.7545 now marks a strong resistance area over the long-term and hence, a break above will be needed to avert further downside hopes.


USDSEK MONTHLY CHART (10-YEARS)


USDSEK is in process of completing a top however this may take all of 2018 to complete. Over the short-term some upside is expected but we expect gradual weakness over the course of 2018 with year end target at 7.8963. Above 9.0886 is needed to avert further downside chances.


70 FX TRADER MAGAZINE January - March 2018


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