USDNOK Up 7 Pips in Last Hour, Moves Down For the 3rd Consecutive Day; Pin Bar Pattern Appearing on Chart
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.
USDNOK
(Last Updated January 18, 2021)
Hello! This is the news page for USDNOK. Below you’ll find our daily market updates. Here’s a technical and fundamental summary of where things currently stand:
Forex Calendar for USDNOK
| metric_name | reference_period | asset_name | asset_id | date | time | forecast | outcome |
|---|---|---|---|---|---|---|---|
| United States Foreign Bond Investment | Nov 2020 | US Dollar | USD | 2021-01-19 | 21:00 GMT | ||
| United States Net Long-Term Tic Flows | Nov 2020 | US Dollar | USD | 2021-01-19 | 21:00 GMT | ||
| United States Overall Net Capital Flows | Nov 2020 | US Dollar | USD | 2021-01-19 | 21:00 GMT | ||
| United States Joe Biden’s Inauguration | NA | US Dollar | USD | 2021-01-20 | 00:00 GMT | ||
| United States NAHB Housing Market Index | Jan 2021 | US Dollar | USD | 2021-01-20 | 15:00 GMT | 86 |
The Trend
On USDNOK, there is currently a downtrend on the 90, 30 and 14 day timeframes.
USDNOK Moving Averages
USDNOK’s moving averages suggest the trend on a number of time horizons is bearish.
The chart below illustrates.
Regarding USDNOK’s correlations over the past 7 days, it has been most correlated with USDCHF. Over the past 14 days, however, AUDUSD is the asset most correlated to USDNOK. Alternatively, the asset least correlated with USDNOK over the past week has been EURAUD, but over the past two weeks, USDHKD has been the asset least correlated with USDNOK. See the chart below to observe the recent price action in USDNOK versus those of assets it hasn’t been well correlated with.
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The View From the Weekly Timeframe
Currently, USDNOK’s rate is up 15.07 pips (1.79%) from the week prior. Moreover, note that this is a reversal of the price action on the previous week, in which price moved down. As for the trend on the weekly timeframe, we see the clearest trend on the 10 week timeframe. Looking further out, the moving averages on the weekly timeframe suggest a choppiness in price, as the are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders. The weekly chart below shows USDNOK’s price action over the past year.
USDNOK: The Monthly View
Clearest trend on the monthly is apparent at the 120 month timeframe.
USD/NOK Up 16 Pips On Hourly Chart, Moves Down For the 2nd Straight Day; in a Downtrend Over Past 30 Days
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.
USDNOK Up 39 Pips On Hourly Chart, Came Into Today Down For the 3rd Consecutive Day; Pin Bar Pattern Appearing on Chart
This is the 2nd consecutive hour usdnok has seen its price head up.
USDNOK Down 170 Pips Over Past Hour; Moves Up For the 2nd Day In A Row
Compared to its peers in the forex, usdnok gave its buyers a return that ranked 2nd in terms of percentage change since yesterday.
USDNOK Up 30 Pips in Last Hour, in a Downtrend Over Past 14 Days; Pin Bar Pattern Appearing on Chart
It’s been a feast for bulls operating on an hourly timeframe, as usdnok has now gone up 8 of the past 10 hours.
USDNOK Up 59 Pips Over Past Hour, in a Downtrend Over Past 14 Days; Pin Bar Pattern Appearing on Chart
This move is a reversal from the hour prior, which saw price move down.
USDNOK Up 9 Pips On Hourly Chart, in a Downtrend Over Past 14 Days; Pin Bar Pattern Appearing on Chart
Regarding the trend, note that the strongest trend exists on the 50 hour timeframe.
USDNOK Up 15 Pips in Last Hour; in a Downtrend Over Past 30 Days
Price action traders may also wish to note that we see a pin bar candlestick pattern on usdnok.
USDNOK Up 10 Pips in Last Hour; in a Downtrend Over Past 14 Days
The clearest trend exists on the 14 day timeframe, which shows price moving down over that time.
USDNOK Up 72 Pips in Last Hour, 3 Day Down Streak Snapped; in a Downtrend Over Past 30 Days
This is the 2nd straight hour usdnok has seen its price head up.