USDNOK Up 71 Pips On Hourly Chart, Moves Down For the 3rd Straight Day; in a Downtrend Over Past 30 Days
Relative to other instruments in the forex asset class, usdnok ranked 37th the day prior in terms of percentage price change.
USDNOK
(Last Updated January 23, 2021)
Welcome to the news page for USDNOK (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 Chicago Fed National Activity Index | Dec 2020 | US Dollar | USD | 2021-01-25 | 13:30 GMT | ||
| United States Dallas Fed Manufacturing Index | Jan 2021 | US Dollar | USD | 2021-01-25 | 15:30 GMT | ||
| United States S&P/Case-Shiller Home Price YoY | Nov 2020 | US Dollar | USD | 2021-01-26 | 14:00 GMT | 8.1% | |
| United States S&P/Case-Shiller Home Price MoM | Nov 2020 | US Dollar | USD | 2021-01-26 | 14:00 GMT | ||
| United States CB Consumer Confidence | Jan 2021 | US Dollar | USD | 2021-01-26 | 15:00 GMT | 89 |
The Trend
On USDNOK, there is currently a downtrend on the 90 and 30 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 demonstrated the strongest correlation with GBPUSD. Over the past 14 days, however, the asset showing the strongest correlation to USDNOK is AUDUSD. Alternatively, USDMXN has been the asset least correlated with USDNOK — but over the past two weeks, USDHKD has been the asset least correlated with USDNOK. The chart below illustrates USDNOK against its least correlated assets.
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The View From the Weekly Timeframe
Currently, USDNOK’s rate is down -16.33 pips (-1.91%) from the week prior. Moreover, note that this move is a reversal from the week prior, which saw price move up. As for the trend on the weekly timeframe, we see the clearest trend on the 20 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 60 month timeframe.
USDNOK Down 78 Pips in Last Hour, in a Downtrend Over Past 30 Days; Doji and Pin Bar Patterns Appearing on Chart
Regarding the trend, note that the strongest trend exists on the 50 hour timeframe.
USDNOK Down 61 Pips in Last Hour, in a Downtrend Over Past 30 Days; Doji and Pin Bar Patterns Appearing on Chart
Trend traders will want to observe that the strongest trend appears on the 30 day horizon; over that time period, price has been moving down.
USDNOK Up 153 Pips On Hourly Chart; 5 Day Down Streak Ended
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.
USDNOK Down 57 Pips Over Past Hour, 5 Day Down Streak Ended; in a Downtrend Over Past 30 Days
Relative to other instruments in the forex asset class, usdnok ranked 4th the day prior in terms of percentage price change.
USDNOK Down 69 Pips On Hourly Chart, Fares the Worst Out of Forex; Came Into Today Down For the 5th Consecutive Day
Trend traders will want to observe that the strongest trend appears on the 30 day horizon; over that time period, price has been moving down.
USDNOK Down 171 Pips in Last Hour, Entered Today Down For the 4th Day In A Row; Pin Bar Pattern Appearing on Chart
And for candlestick traders, a special treat: there is a pin bar pattern showing up on the charts as well.
USDNOK Down 158 Pips in Last Hour, Entered Today Down For the 3rd Consecutive Day; Pin Bar Pattern Appearing on Chart
For additional context, note that price has gone down 8 out of the past 14 days.
USDNOK Up 171 Pips On Hourly Chart, Came Into Today Down For the 2nd Consecutive Day; Pin Bar Pattern Appearing on Chart
Or to simplify this another way, note that out of the past 30 days usdnok’s price has gone down 18 them.
USDNOK Up 8 Pips in Last Hour, Came Into Today Down For the 2nd Day In A Row; in a Downtrend Over Past 30 Days
The clearest trend exists on the 30 day timeframe, which shows price moving down over that time.