EUR/NOK Up 32 Pips Over Past 4 Hours, Came Into Today Up For the 3rd Day In A Row; Pin Bar Pattern Appearing on Chart

EUR/NOK 4 Hour Price Update

Updated April 15, 2020 12:49 AM GMT (08:49 PM EST)

EUR/NOK is up 32 pips (0.03%) since the last 4 hour candle (opening the current 4 hour candle near 11.3133), marking the 5th candle in a row an increase has occurred. Out of the 36 instruments in the Forex asset class, EUR/NOK ended up ranking 6th for the four-hour candle in terms of price change.

EUR/NOK End of Day Recap

Updated 00:30 GMT (04:30 EST)

EUR/NOK is up 56 pips (0.05%) since the day prior (opening today near 11.3117), marking the 3rd day in a row it has gone up. Relative to other instruments in the Forex asset class, EUR/NOK ranked 12th the day prior in terms of percentage price change. The price chart of EUR/NOK below illustrates.

EUR/NOK Technical Analysis

Notably, EUR/NOK is now close to its 20 and 50 day moving averages, which may act as price barrier for the asset. Volatility for EUR/NOK has been contracting over the past two weeks relative to volatility over the past month. Whether volatility reverts will be something to watch. 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 10 days EUR/NOK’s price has gone down 6 them. Oh, and one last thing: if you trade off of candlesticks, note that we’re seeing pin bar pattern appearing here.