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.
Compared to its peers in the forex, usdnok gave its buyers a return that ranked 39th in terms of percentage change since the day prior.
Regarding the trend, note that the strongest trend exists on the 50 hour timeframe.
And for candlestick traders, a special treat: there is a pin bar pattern showing up on the charts as well.
For additional context, note that price has gone down 10 out of the past 14 days.
Compared to its peers in the forex, usdnok gave its buyers a return that ranked 22nd in terms of percentage change since the previous day.
Relative to other instruments in the forex asset class, usdnok ranked 31st yesterday in terms of percentage price change.
The closest is the 100 day average, which is 1383.7 pips away.
It’s been a feast for bulls operating on an hourly timeframe, as usdnok has now gone up 4 of the past 5 hours.
The closest is the 100 day average, which is 1211.2 pips away.