EUR/NOK 4 Hour Price Update

Updated August 08, 2020 02:26 AM GMT (10:26 PM EST)

The choppiness in the recent four-hour candle price action of EUR/NOK continues; to start the current 4 hour candle, it came in at a price of 10.6323, down 436 pips (0.41%) since the previous 4 hours. It may be worth observing that EUR/NOK was the worst performer of the 37 members in the Forex Asset Class over the past four-hour candle.

EUR/NOK End of Day Recap

Updated 00:30 GMT (04:30 EST)

The choppiness in the recent daily price action of EUR/NOK continues; to start today, it came in at a price of 10.6505, up 385 pips (0.36%) since yesterday. Out of the 40 instruments in the Forex asset class, EUR/NOK ended up ranking 15th for the day in terms of price change. Below is a price chart of EUR/NOK.

EUR/NOK Technical Analysis

Notably, EUR/NOK crossed above its 20 day moving average yesterday. As for the alignment of the moving averages, well, it’s a bit mixed up; the 20, 50, 100, and 200 do not progress from largest to smallest, or vice versa. The closest is the 20 day average, which is 52.6 pips away. Trend traders will want to observe that the strongest trend appears on the 90 day horizon; over that time period, price has been moving down. Or to simplify this another way, note that out of the past 10 days EUR/NOK’s price has gone down 6 them.

The post EUR/NOK Down 436 Pips Over Past 4 Hours, 2 Day Down Streak Snapped; Crosses 20 Day Moving Average appeared first on CFDTrading.