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USD/NOK Down 115 Pips On 4 Hour Chart, Came Into Today Down For the 3rd Day In A Row; Pin Bar Pattern Appearing on Chart

USD/NOK 4 Hour Price Update

Updated April 08, 2020 12:52 AM GMT (08:52 PM EST)

USD/NOK entered the current 4 hour candle at 10.2492, down 115 pips (0.11%) from the previous 4 hours. Out of the 36 instruments in the Forex asset class, USD/NOK ended up ranking 21st for the four-hour candle in terms of price change.

USD/NOK End of Day Recap

Updated 00:30 GMT (04:30 EST)

USD/NOK is down 318 pips (0.31%) since the day prior (opening today near 10.2417), marking the 3rd day in a row a decrease has occurred. Compared to its peers in the Forex, USD/NOK gave its buyers a return that ranked 38th in terms of percentage change since the day prior. The price chart of USD/NOK below illustrates.

USD/NOK Technical Analysis

Volatility for USD/NOK has been contracting over the past two weeks relative to volatility over the past month. Whether volatility reverts will be something to watch. Trend traders will want to observe that the strongest trend appears on the 90 day horizon; over that time period, price has been moving up. Or to simplify this another way, note that out of the past 10 days USD/NOK’s price has gone down 6 them. Oh, and one last thing: if you trade off of candlesticks, note that we’re seeing Pin Bar pattern appearing here.

The post USD/NOK Down 115 Pips On 4 Hour Chart, Came Into Today Down For the 3rd Day In A Row; Pin Bar Pattern Appearing on Chart appeared first on CFDTrading.



This post first appeared on Complete CFD Trading Guide, News And Analysis, please read the originial post: here

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USD/NOK Down 115 Pips On 4 Hour Chart, Came Into Today Down For the 3rd Day In A Row; Pin Bar Pattern Appearing on Chart

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