USD/NOK Up 30 Pips in Last Hour, Entered Today Up For the 2nd Consecutive Day; in an Uptrend Over Past 90 Days

Hourly Update

(Last Updated July 13, 2022 1:36 GMT)

Currently, USDNOK’s rate is up 0.3 pips (0.03%) from the hour prior. USDNOK has seen its price go up 4 out of the past 5 hours, thus creating some compelling opportunities for bulls. Regarding the trend, note that the strongest trend exists on the 50 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 is up 567 pips (0.56%) since the day prior (opening today near 10.25331), marking the 2nd consecutive day it has gone up. Relative to other instruments in the Forex asset class, USDNOK ranked 2nd the day prior in terms of percentage price change. The price chart of USDNOK below illustrates.

USDNOK

USDNOK Technical Analysis

The clearest trend exists on the 14 day timeframe, which shows price moving up over that time. Or to simplify this another way, note that out of the past 10 days USDNOK’s price has gone up 6 them.