EURNOK Up 95 Pips Over Past Hour, Entered Today Down For the 3rd Straight Day; in a Downtrend Over Past 14 Days

Hourly Update

(Last Updated October 15, 2021 23:17 GMT)

At the time of this writing, EURNOK’s rate is up 0.95 pips (0.1%) from the hour prior. EURNOK has seen its price go up 4 out of the past 5 hours, thus creating some compelling opportunities for bulls. As for the trend on the hourly timeframe, we see the clearest trend on the 20 hour timeframe. The moving averages on the hourly timeframe suggest a choppiness in price, as the are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders.

EURNOK End of Day Recap

Updated 00:30 GMT (04:30 EST)

EURNOK is down 463 pips (0.47%) since yesterday (opening today near 9.79559), marking the 3rd straight day a decline has happened. Compared to its peers in the Forex, EURNOK gave its buyers a return that ranked 29th in terms of percentage change since yesterday. Here is a price chart of EURNOK.

EURNOK

EURNOK Technical Analysis

The first thing we should note is that EURNOK is now close to its 20 day averages, located at 10.0137 respectively, and thus may be at a key juncture along those timeframes. As for the alignment of the moving averages, well, it’s a bit mixed up; the 20, 50, 100, and 200 do not progress from largest to smallest, or vice versa. The closest is the 20 day average, which is 2181.6 pips away. The clearest trend exists on the 30 day timeframe, which shows price moving down over that time. For additional context, note that price has gone down 18 out of the past 30 days.