EUR/NOK Up 103 Pips in Last 4 Hours, Came Into Today Up For the 2nd Day In A Row; Doji Pattern Appearing on Chart

EUR/NOK 4 Hour Price Update

Updated April 27, 2020 05:07 AM GMT (01:07 AM EST)

EUR/NOK is up 103 pips (0.09%) since the previous 4 hours (opening the current 4 hour candle near 11.5012), marking the 3rd candle in a row it has gone up. Compared to its peers in the Forex, EUR/NOK gave its buyers a return that ranked 16th 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 yesterday (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 yesterday in terms of percentage price change. Below is a price chart of EUR/NOK.

EUR/NOK Technical Analysis

The first thing we should note is that EUR/NOK is now close to its 20 and 50 day moving averages, which may act as price barrier for the asset. The clearest trend exists on the 90 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 down 18 them. Also, candlestick traders! Note we see doji pattern appearing here as well.