US Dollar / Norwegian Krone (USDNOK) trades at 9.43736, down 0.7% on the session.
Trend
The pair sits below the 200-day average, with a mixed short-term structure. Price is 1.03% under the 20-day SMA (9.5354), 2.44% under the 50-day SMA (9.6738) and 1.7% under the 200-day SMA (9.6008). All three averages are stacked above spot, and the 50-day sits above the 200-day, describing a market that has drifted beneath its longer references.
Momentum and volatility
The 14-day RSI reads 34.0, a neutral value near the lower end of the 30-70 band. The 14-day ATR is 0.0825, or 0.87% of price. That volatility reading sits at the 38th percentile of the past year, so daily ranges are modestly below the middle of their own twelve-month distribution.
Range
Price is 8.4% below the 52-week high of 10.3026 and 4.36% above the 52-week low of 9.04281, placing it at the 31st percentile of its 52-week range. The 52-week high was set 308 sessions ago, while the 52-week low is more recent at 79 sessions back. Over the past 20 sessions the swing high is 9.70477 and the swing low 9.38637; the current price sits just above that near-term floor. The wider 60-session band runs from a swing high of 9.96102 to a swing low of 9.36449.
Weekly picture
The weekly frame shows a downtrend, with price below the 20-week average and the 20-week below the 50-week. Spot is 0.72% under the 20-week SMA (9.506) and 3.21% under the 50-week SMA (9.7504). The weekly RSI14 is 43.1, and the last week closed down 0.62%. This agrees with the daily read that price is trading beneath its major averages, though the weekly RSI at 43.1 sits higher than the daily 34.0.
Performance shows the pair down 0.62% on the week and 2.12% on the month, up 1.3% over the quarter, and down 7.33% over the past year.
Descriptive technical summary generated by the ForexBullion Research Team from our own price feed. Not investment advice.
