Technical Analysis:
Potential Double Bottom located. RSI oversold on 4 hour. Mac D oversold as well. Although we have a strong bullish candle, momentum color change hasn't kicked in yet on Mac D. Only looking for a retracement. Not a home run. I would like to see price reach 61.80% of the previous high. Let's see what happens!
Fundamental Analysis:
Business Confidence has dropped in the most recent report from Norway.
Business Confidence has risen in the most recent report from USA.
Norway's' inflation rate has increased more than the USA has in the most recent report.
Norway has a higher GDP growth rate. However, USA has the higher GDP overall.
Norway Inflation rate is higher than USA.
Norway government debt has increased more than the USA compared to the most recent report.
Norway Retail Sales YoY has decreased while sales in the USA have increased.
Norway Housing Index has decreased while the index has increased in the USA.
Not Advice.
There is a chance that this trade may go wrong. That's just how it goes. The main goal is to continue practicing to get better!
Let's keep working!
Potential Double Bottom located. RSI oversold on 4 hour. Mac D oversold as well. Although we have a strong bullish candle, momentum color change hasn't kicked in yet on Mac D. Only looking for a retracement. Not a home run. I would like to see price reach 61.80% of the previous high. Let's see what happens!
Fundamental Analysis:
Business Confidence has dropped in the most recent report from Norway.
Business Confidence has risen in the most recent report from USA.
Norway's' inflation rate has increased more than the USA has in the most recent report.
Norway has a higher GDP growth rate. However, USA has the higher GDP overall.
Norway Inflation rate is higher than USA.
Norway government debt has increased more than the USA compared to the most recent report.
Norway Retail Sales YoY has decreased while sales in the USA have increased.
Norway Housing Index has decreased while the index has increased in the USA.
Not Advice.
There is a chance that this trade may go wrong. That's just how it goes. The main goal is to continue practicing to get better!
Let's keep working!