EURNOK Up 51 Pips Over Past Hour, Entered Today Up For the 4th Day In A Row; Crosses 200 Day Moving Average

Hourly Update

(Last Updated July 16, 2021 18:17 GMT)

Currently, EURNOK’s rate is up 0.51 pips (0.05%) from the hour prior. It’s been a feast for bulls operating on an hourly timeframe, as EURNOK has now gone up 5 of the past 5 hours. As for the trend on the hourly timeframe, we see the clearest trend on the 100 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 up 818 pips (0.79%) since the day prior (opening today near 10.41979), marking the 4th day in a row an increase has occurred. Compared to its peers in the Forex, EURNOK gave its buyers a return that ranked 2nd in terms of percentage change since the day prior. The price chart of EURNOK below illustrates.

EURNOK

EURNOK Technical Analysis

Notably, EURNOK crossed above its 200 day moving average yesterday. 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 200 day average, which is 700.3 pips away. The clearest trend exists on the 14 day timeframe, which shows price moving up over that time. For additional context, note that price has gone up 17 out of the past 30 days.