Price action traders may also wish to note that we see a doji candlestick pattern on usdnok.
This move is a reversal from the hour prior, which saw price move up.
Trend traders will want to observe that the strongest trend appears on the 90 day horizon; over that time period, price has been moving down.
This is a reversal of the price action on the previous hour, in which price moved up.
For additional context, note that price has gone down 16 out of the past 30 days.
It should be noted, though, that a trend in the opposite direction, going down, exists on the 90 day timeframe.
Regarding the trend, note that the strongest trend exists on the 20 hour timeframe.
Compared to its peers in the forex, usdnok gave its buyers a return that ranked 36th in terms of percentage change since yesterday.
Price action traders may also wish to note that we see a pin bar candlestick pattern on usdnok.
This is a reversal of the price action on the previous hour, in which price moved down.