EUR/NOK Up 4397 Pips; in an Uptrend Over Past 14 Days

EUR/NOK Price Recap

EUR/NOK is up 4397 pips (4.03%) since yesterday (with its current price near 11.3595), marking the 2nd day in a row it has gone up. The price move occurred on stronger volume, as measured by the number of tick price changes; specifically, yesterday’s volume was up 28.31% from the day prior, and up 138.96% 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. Let’s take a look at price chart of EUR/NOK.

EUR/NOK Technical Analysis

Trend traders will want to observe that the strongest trend appears on the 14 day horizon; over that time period, price has been moving up. Or to simplify this another way, note that out of the past 30 days EUR/NOK’s price has gone up 18 them.