EUR/NOK Up 7936 Pips; in an Uptrend Over Past 14 Days

EUR/NOK Price Recap

EUR/NOK is up 7936 pips (6.9%) since yesterday (with its current price near 12.3008), marking the 3rd day in a row an upward move has occurred. This move happened on fewer tick price changes which may be a proxy for volume, as yesterday’s total tick count was down 74.52% from the day before — and down 72.18% 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. Here 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 30 days EUR/NOK’s price has gone up 19 them.