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31 Oct 2013
EUR/NOK edges back off morning spike higher
FXstreet.com (Barcelona) - EUR/NOK posted a morning low at 8.0897 before spiking higher to post a high at 8.1278, and has now declined to where it is currently trading at 8.1030.
EUR/GBP Technical Strength
Looking to the FXstreet.com OB/OS Index we can see that it is showing a neutral hourly market, while the FXstreet.com Trend Index is Slightly Bullish. RSI currently reads 48 while the ADX is at 18. Meanwhile the 200-period SMA is right now at 8.1217 and flat. The exponential average closing price for the last 20 days is 8.1063 and is trending higher.
How volatile has the EUR/NOK been?
2-Standard Deviation Volatility Bandwidth is 197 pips and is shrinking on the hourly chart, while the ATR(14) prints 123 pips. The average movement for this session has been of 91 pips per hour in the last 4 weeks.
Key levels and price patterns?
The central pivot point is located at 8.0971. Pivot supports for this pair are to be found at 8.0668 (S1), 8.0331 (S2) and 8.0028 (S3). Conversely, daily pivot resistances for this pair are to be found at 8.1308 (R1), 8.1611 (R2) and 8.1948 (R3). Special attention deserves the price range 8.1038-8.1004 where several technical levels are confluent today.
Candlestick patterns detected in the EUR/NOK are a Hammer to be found in the 1-hour timeframe..
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EUR/GBP Technical Strength
Looking to the FXstreet.com OB/OS Index we can see that it is showing a neutral hourly market, while the FXstreet.com Trend Index is Slightly Bullish. RSI currently reads 48 while the ADX is at 18. Meanwhile the 200-period SMA is right now at 8.1217 and flat. The exponential average closing price for the last 20 days is 8.1063 and is trending higher.
How volatile has the EUR/NOK been?
2-Standard Deviation Volatility Bandwidth is 197 pips and is shrinking on the hourly chart, while the ATR(14) prints 123 pips. The average movement for this session has been of 91 pips per hour in the last 4 weeks.
Key levels and price patterns?
The central pivot point is located at 8.0971. Pivot supports for this pair are to be found at 8.0668 (S1), 8.0331 (S2) and 8.0028 (S3). Conversely, daily pivot resistances for this pair are to be found at 8.1308 (R1), 8.1611 (R2) and 8.1948 (R3). Special attention deserves the price range 8.1038-8.1004 where several technical levels are confluent today.
Candlestick patterns detected in the EUR/NOK are a Hammer to be found in the 1-hour timeframe..
Related News
EUR/USD in weekly lows sub-1.3670
EMU: Unemployment Rate unchanged at 12.2% in September, against forecasts
EU October Consumer Price Index (YoY) up 0.7%; Core CPI rises 0.8%