EUR/NOK Down 653 Pips On 4 Hour Chart, Entered Today Up For the 2nd Day In A Row; in an Uptrend Over Past 14 Days

EUR/NOK 4 Hour Price Update

Updated April 27, 2020 09:12 PM GMT (05:12 PM EST)

The choppiness in the recent four-hour candle price action of EUR/NOK continues; to start the current 4 hour candle, it came in at a price of 11.3882, down 653 pips (0.57%) since the previous 4 hours. Compared to its peers in the Forex, EUR/NOK gave its buyers a return that ranked 36th in terms of percentage change since the previous 4 hours.

EUR/NOK End of Day Recap

Updated 00:30 GMT (04:30 EST)

EUR/NOK is up 26 pips (0.02%) since the day prior (opening today near 11.47686), marking the 2nd day in a row an increase has occurred. Relative to other instruments in the Forex asset class, EUR/NOK ranked 19th the day prior in terms of percentage price change. The price chart of EUR/NOK below illustrates.

EUR/NOK Technical Analysis

Notably, the current price of EUR/NOK is sitting close to its 20 and 50 day moving averages; moving average crosses often indicate a change in momentum, so this may be worth keeping an eye on. Trend traders will want to observe that the strongest trend appears on the 90 day horizon; over that time period, price has been moving up. Or to simplify this another way, note that out of the past 14 days EUR/NOK’s price has gone up 8 them. Also, candlestick traders! Note we see doji pattern appearing here as well.