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EUR/NOK daily RSI moves above 70

The daily EUR/NOK RSI has moved above 70%, meaning that the pair is trading in overbought territory.

The daily RSI(14) has pushed above the 70% threshold while the weekly charts show the oscillator above the 50% mark already for several months. This either suggests an over extended market or a fully-fledged up trend.

USD/JPY: 200 DMA last closed upon in August - Scotiabank

Eric Theoret, CFA, CMT FX Strategist at Scotiabank noted that this week’s domestic releases are relatively limited, with the mid-week Tankan release in focus.
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USD/NOK daily RSI moves above 70

USD/NOK daily RSI moves above 70
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