EUR/NOK Up 4033 Pips; in an Uptrend Over Past 30 Days

EUR/NOK Price Recap

11.4879 (USD) was the opening price of the day for EUR/NOK, resulting in yesterday being a day in which price moved up 4033 pips 3.64% 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 62.49% from the day prior, and up 359.06% from the same day the week before. Out of the 40 instruments in the Forex asset class, EUR/NOK ended up ranking 2nd for the day in terms of day-over-day price change. Below is a price chart of EUR/NOK.

EUR/NOK Technical Analysis

The clearest trend exists on the 14 day timeframe, which shows price moving up over that time. Or to simplify this another way, note that out of the past 10 days EUR/NOK’s price has gone up 7 them.