EUR/NOK Down 198 Pips Over Past 4 Hours, 4 Day Down Streak Ended; in an Uptrend Over Past 30 Days

EUR/NOK 4 Hour Price Update

Updated March 27, 2020 12:51 AM GMT (08:51 PM EST)

The choppiness in the recent four-hour candle price action of EUR/NOK continues; to start the current 4 hour candle, it came in at a price of 11.4824, down 198 pips (0.17%) since the last 4 hour candle. Compared to its peers in the Forex, EUR/NOK gave its buyers a return that ranked 28th in terms of percentage change since the last 4 hour candle.

EUR/NOK End of Day Recap

Updated 00:30 GMT (04:30 EST)

After 4 down days, EUR/NOK snaps its streak, rising 218 pips (0.19%) over the past day to close at an exchange rate of 11.487. Relative to other instruments in the Forex asset class, EUR/NOK ranked 10th yesterday in terms of percentage price change. Here is a price chart of EUR/NOK.

EUR/NOK Technical Analysis

Notably, the current price of EUR/NOK is sitting close to its 20 day moving averages; moving average crosses often indicate a change in momentum, so this may be worth keeping an eye on. Trend traders will want to observe that the strongest trend appears on the 30 day horizon; over that time period, price has been moving up. For additional context, note that price has gone up 7 out of the past 14 days. And for candlestick traders, a special treat: there is a pin bar pattern showing up on the charts as well. Rejoice!