USD/NOK Heads Up For the 2nd Day In A Row; in an Uptrend Over Past 14 Days

USD/NOK Price Recap

USD/NOK is up 1966 pips (1.91%) since yesterday (with its current price near 10.46851), marking the 2nd day in a row it has gone up. The price move occurred on volume — and we’re using the number of tick price changes as a proxy for volume — that was up 10.35% from the day prior, but down 14.21% from the same day the week before. Out of the 40 instruments in the Forex asset class, USD/NOK ended up ranking 3rd for the day in terms of day-over-day price change. Let’s take a look at price chart of USD/NOK.

USD/NOK Technical Analysis

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 7 out of the past 10 days.

The View From Around the Web

Not much in terms quality buy/sell signals we’re seeing for USDNOK; just 1 sell signals and 0 buy signals. This imputes a buy/sell ratio of 0, which is quite bearish. Here’s a piece we found on tradingview.com that we thought you might enjoy.