EUR/NOK Up 176 Pips Over Past 4 Hours, Moves Down For the 4th Day In A Row; in an Uptrend Over Past 90 Days

EUR/NOK 4 Hour Price Update

Updated March 26, 2020 05:10 AM GMT (01:10 AM EST)

EUR/NOK is up 176 pips (0.15%) since the last 4 hour candle (opening the current 4 hour candle near 11.6694), marking the 2nd candle in a row an increase has occurred. Out of the 40 instruments in the Forex asset class, EUR/NOK ended up ranking 19th for the four-hour candle in terms of price change.

EUR/NOK End of Day Recap

Updated 00:30 GMT (04:30 EST)

EUR/NOK is down 2665 pips (2.24%) since yesterday (opening today near 11.6565), marking the 4th day in a row a decrease has occurred. Compared to its peers in the Forex, EUR/NOK gave its buyers a return that ranked 37th in terms of percentage change since yesterday. The price chart of EUR/NOK below illustrates.

EUR/NOK Technical Analysis

The first thing we should note is that EUR/NOK is now close to its 20 day averages, located at 11.3925 respectively, and thus may be at a key juncture along those timeframes. 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 5 out of the past 10 days. Also, candlestick traders! Note we see pin bar pattern appearing here as well.