USDNOK

Or to simplify this another way, note that out of the past 10 days usd/nok’s price has gone down 6 them.

Relative to other instruments in the forex asset class, usd/nok ranked 38th the previous day in terms of percentage price change.

Interestingly, a trend in the other direction exists on the 90 and 30 day timeframes, where price is headed up.

Compared to its peers in the forex, usd/nok gave its buyers a return that ranked 3rd in terms of percentage change since yesterday.

For additional context, note that price has gone up 5 out of the past 10 days.

For additional context, note that price has gone down 7 out of the past 10 days.

It should be noted, though, that a trend in the opposite direction, going up, exists on the 30 and 90 day timeframes.

And for candlestick traders, a special treat: there is a pin bar pattern showing up on the charts as well.

This imputes a buy/sell ratio of 6, which is very bullish.

Bulls may note that this suggests a buy/sell ratio that is infinite.