EUR/NOK Up 92 Pips On 4 Hour Chart, in an Uptrend Over Past 90 Days; Pin Bar Pattern Appearing on Chart

EUR/NOK 4 Hour Price Update

Updated April 23, 2020 01:10 AM GMT (09:10 PM EST)

EUR/NOK entered the current 4 hour candle at 11.6538, up 92 pips (0.08%) from the last 4 hour candle. Relative to other instruments in the Forex asset class, EUR/NOK ranked 13th the last 4 hour candle in terms of percentage price change.

EUR/NOK End of Day Recap

Updated 00:30 GMT (04:30 EST)

EUR/NOK is up 96 pips (0.08%) since yesterday (opening today near 11.6513), marking the 4th day in a row an increase has occurred. Out of the 40 instruments in the Forex asset class, EUR/NOK ended up ranking 13th for the day in terms of price change. Let’s take a look at price chart of EUR/NOK.

EUR/NOK Technical Analysis

Volatility for EUR/NOK has been contracting over the past two weeks relative to volatility over the past month. Whether volatility reverts will be something to watch. Trend traders will want to observe that the strongest trend appears on the 14 day horizon; over that time period, price has been moving up. Interestingly, a trend in the other direction exists on the 30 day timeframe, where price is headed down. For additional context, note that price has gone up 7 out of the past 10 days. Also, candlestick traders! Note we see pin bar pattern appearing here as well.