(Last Updated April 29, 2021 23:16 GMT)
At the time of this writing, USDNOK’s rate is down -0.08 pips (-0.01%) from the hour prior. It’s been a feast for bears operating on an hourly timeframe, as USDNOK has now gone down 4 of the past 5 hours. As for the trend on the hourly timeframe, we see the clearest trend on the 100 hour timeframe. The moving averages on the hourly timeframe suggest a bullishness in price, as the 20, 50, 100 and 200 are all in a bullish alignment — meaning the shorter durations are above the longer duration averages, implying a sound upward trend.
USDNOK End of Day Recap
Updated 00:30 GMT (04:30 EST)
USDNOK is down 981 pips (1.19%) since the previous day (opening today near 8.17331), marking the 2nd consecutive day a decrease has occurred. On a relative basis, USDNOK was the worst performer out of all 39 of the assets in the Forex asset class. Below is a price chart of USDNOK.
USDNOK Technical Analysis
Trend traders will want to observe that the strongest trend appears on the 14 day horizon; over that time period, price has been moving down. For additional context, note that price has gone down 7 out of the past 10 days.