USD/NOK Down 44 Pips in Last Hour; in an Uptrend Over Past 14 Days

Hourly Update

(Last Updated July 15, 2022 1:38 GMT)

At the time of this writing, USDNOK’s rate is down -0.44 pips (-0.04%) from the hour prior. This move is a reversal from the hour prior, which saw price move up. If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 100 hour timeframe. The moving averages on the hourly 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.

USDNOK End of Day Recap

Updated 00:30 GMT (04:30 EST)

USDNOK entered today at 10.23921, up 144 pips (0.14%) from the previous day. Compared to its peers in the Forex, USDNOK gave its buyers a return that ranked 23rd in terms of percentage change since the previous day. Let’s take a look at price chart of USDNOK.

USDNOK

USDNOK Technical Analysis

Notably, USDNOK is now close to its 20 day averages, located at 9.9898 respectively, and thus may be at a key juncture along those timeframes. The clearest trend exists on the 14 day timeframe, which shows price moving up over that time. For additional context, note that price has gone up 8 out of the past 14 days.