OctaFX | OctaFX Forex Broker
Open trading account
Back

USD/NOK sees its volatility dampen

Outlined from an hourly perspective, USD/NOK's set-up consists of an upward trajectory coupled with extremely low volatility numbers.

Usually associated with the charting of narrow ranged channels, there is an increasing probability for volatility to pick up again and, in view of the abated upside momentum, for price to roll over and start a down move.

In its search for a new fair value beyond the confines of the consolidation, there is potential to move towards the 200 EMA once the immediate support represented by the 50 EMA is taken out. On the upside, an acceleration above the recent highs would have the potential channel resistance as a first hurdle.

European Monetary Union Retail Sales (YoY) below forecasts (2.7%) in October: Actual (2.5%)

European Monetary Union Retail Sales (YoY) below forecasts (2.7%) in October: Actual (2.5%)
Read more Previous

ECB ECB ECB! 12.45pm Decision time… - Investec

Research Team at Investec, questions that will Draghi cut the deposit rate further, or announce amendments to the ECB QE program?
Read more Next
Start livechat