Price action traders may also wish to note that we see a pin bar candlestick pattern on eurnok.
Regarding the trend, note that the strongest trend exists on the 100 hour timeframe.
Trend traders will want to observe that the strongest trend appears on the 14 day horizon; over that time period, price has been moving down.
The clearest trend exists on the 14 day timeframe, which shows price moving down over that time.
Given that we see an uptrend on the 20 hourly candle timeframe, and that such candlestick patterns often denote reversals, this may be worth noting.
If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 20 hour timeframe.
It’s been a feast for bears operating on an hourly timeframe, as eurnok has now gone down 5 of the past 5 hours.
This is a reversal of the price action on the previous hour, in which price moved up.
Price action traders in particular will want to note that the 14 day period appears to show price forming a base; this could indicate that a support/resistance level is developing.
Compared to its peers in the forex, eurnok gave its buyers a return that ranked 36th in terms of percentage change since yesterday.