EUR/NOK Down 382 Pips Over Past 4 Hours, Crosses 20 Day Moving Average; in an Uptrend Over Past 30 Days

EUR/NOK 4 Hour Price Update

Updated March 31, 2020 01:04 PM GMT (09:04 AM EST)

EUR/NOK is down 382 pips (0.33%) since the last 4 hour candle (opening the current 4 hour candle near 11.5082), marking the 9th candle in a row a decrease has occurred. Compared to its peers in the Forex, EUR/NOK gave its buyers a return that ranked 26th in terms of percentage change since the last 4 hour candle.

EUR/NOK End of Day Recap

Updated 00:30 GMT (04:30 EST)

The choppiness in the recent daily price action of EUR/NOK continues; to start today, it came in at a price of 11.578, down 333 pips (0.29%) since the day prior. Compared to its peers in the Forex, EUR/NOK gave its buyers a return that ranked 34th in terms of percentage change since the day prior. Below is a price chart of EUR/NOK.

EUR/NOK Technical Analysis

Moving average crossovers are always interesting, so let’s start there: EUR/NOK crossed below its 20 day moving average yesterday. 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 16 out of the past 30 days. Oh, and one last thing: if you trade off of candlesticks, note that we’re seeing pin bar pattern appearing here.