EUR/NOK Down 980 Pips in Last 4 Hours; in an Uptrend Over Past 14 Days

EUR/NOK 4 Hour Price Update

Updated March 24, 2020 03:22 AM GMT (11:22 PM EST)

The back and forth price flow continues for EUR/NOK, which started the current 4 hour candle off at 12.3225, down 980 pips 0.79% from the previous 4 hours. Relative to other instruments in the Forex asset class, EUR/NOK ranked 34th the previous 4 hours in terms of percentage price change.

EUR/NOK Daily New York Session Recap

Updated 21:00 GMT (17:00 EST)

The choppiness in the recent daily price action of EUR/NOK continues; to start today’s post-New York session, it came in at a price of 12.33523, up 3480 pips (2.9%) since yesterday’s New York session. The price move occurred on volume — and we’re using the number of tick price changes as a proxy for volume — that was up 119.94% from the day prior, but down 1.22% from the same day the week before. Out of the 40 instruments in the Forex asset class, EUR/NOK ended up ranking 2nd for the day in terms of price change. The price chart of EUR/NOK below illustrates.

EUR/NOK Technical Analysis

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. For additional context, note that price has gone up 19 out of the past 30 days.

The View From Around the Web

Not much in terms quality buy/sell signals we’re seeing for EURNOK; just 1 sell signals and 0 buy signals. This imputes a buy/sell ratio of 0, which is quite bearish. Here’s a piece we found on tradingview.com that we thought you might enjoy.