EUR/NOK Up 1157 Pips; in an Uptrend Over Past 14 Days

EUR/NOK Price Recap

EUR/NOK enters today at 10.4223 in US dollars, up 1157 pips (1.12%) from the day prior. The price move occurred on stronger volume, as measured by the number of tick price changes; specifically, yesterday’s volume was up 4.34% from the day prior, and up 8.35% from the same day the week before. Out of the 40 instruments in the Forex asset class, EUR/NOK ended up ranking 6th for the day in terms of day-over-day price change. Below is a price chart of EUR/NOK.

EUR/NOK Technical Analysis

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 2564.2 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 8 out of the past 10 days.